Key Points
- Hong Gan sold 150,000 SES AI shares on Jan 22 at an average price of $2.50 for $375,000, cutting their stake to 1,253,286 shares—a 10.69% reduction in ownership.
- Gan completed multiple recent disposals (150,000 on Nov 17 at $1.90, 100,000 on Dec 15 at $1.98, and 100,000 on Jan 23 at $2.50), totaling about $1.11 million from these four trades and indicating ongoing insider liquidations.
- SES AI trades around $2.40 (50-day/200-day SMAs $2.03/$1.80) with a market cap near $874M, reported quarterly EPS of -$0.06 (miss) and remains unprofitable with negative margins.
SES AI Corporation (NYSE:SES - Get Free Report) insider Hong Gan sold 100,000 shares of the firm's stock in a transaction dated Friday, January 23rd. The stock was sold at an average price of $2.50, for a total value of $250,000.00. Following the completion of the transaction, the insider directly owned 1,253,286 shares in the company, valued at $3,133,215. This trade represents a 7.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Hong Gan also recently made the following trade(s):
- On Thursday, January 22nd, Hong Gan sold 150,000 shares of SES AI stock. The shares were sold at an average price of $2.50, for a total value of $375,000.00.
- On Monday, December 15th, Hong Gan sold 100,000 shares of SES AI stock. The stock was sold at an average price of $1.98, for a total transaction of $198,000.00.
- On Monday, November 17th, Hong Gan sold 150,000 shares of SES AI stock. The stock was sold at an average price of $1.90, for a total transaction of $285,000.00.
SES AI Price Performance
Shares of NYSE:SES opened at $2.40 on Friday. The company has a market capitalization of $874.34 million, a P/E ratio of -8.55 and a beta of 0.57. SES AI Corporation has a 1-year low of $0.38 and a 1-year high of $3.73. The firm's 50 day simple moving average is $2.03 and its two-hundred day simple moving average is $1.80.
SES AI (NYSE:SES - Get Free Report) last announced its quarterly earnings data on Wednesday, November 5th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.01). The firm had revenue of $7.12 million during the quarter, compared to analysts' expectations of $4.58 million. SES AI had a negative return on equity of 35.31% and a negative net margin of 490.03%. On average, sell-side analysts anticipate that SES AI Corporation will post -0.23 earnings per share for the current fiscal year.
Institutional Investors Weigh In On SES AI
A number of hedge funds have recently made changes to their positions in SES. Gainplan LLC bought a new position in SES AI during the fourth quarter valued at approximately $30,000. Verdence Capital Advisors LLC raised its holdings in shares of SES AI by 42.9% during the 3rd quarter. Verdence Capital Advisors LLC now owns 20,000 shares of the company's stock worth $33,000 after acquiring an additional 6,000 shares in the last quarter. Raymond James Financial Inc. boosted its position in shares of SES AI by 35.1% during the 3rd quarter. Raymond James Financial Inc. now owns 20,268 shares of the company's stock valued at $34,000 after acquiring an additional 5,268 shares during the last quarter. Lido Advisors LLC bought a new position in shares of SES AI during the 3rd quarter valued at approximately $45,000. Finally, Hudson Bay Capital Management LP purchased a new position in shares of SES AI in the second quarter valued at $31,000. 29.78% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on the company. Cantor Fitzgerald raised their price target on SES AI from $2.00 to $4.00 and gave the company an "overweight" rating in a report on Thursday, November 6th. Weiss Ratings reissued a "sell (d-)" rating on shares of SES AI in a research note on Wednesday. Finally, Wall Street Zen raised SES AI from a "sell" rating to a "hold" rating in a report on Friday. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $4.00.
View Our Latest Analysis on SES
About SES AI
(
Get Free Report)
SES AI Corporation engages in the development and production of high-performance Lithium-metal rechargeable batteries for electric vehicles, electric vehicle take-off and landing, and other applications. The company was founded in 2012 and is headquartered in Woburn, Massachusetts.
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