Hong Gan Sells 25,000 Shares of SES AI Co. (NYSE:SES) Stock

SES AI Co. (NYSE:SES) insider Hong Gan sold 25,000 shares of the business’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $1.17, for a total transaction of $29,250.00. Following the completion of the sale, the insider now directly owns 825,506 shares in the company, valued at approximately $965,842.02. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Hong Gan also recently made the following trade(s):

• On Wednesday, May 8th, Hong Gan sold 25,000 shares of SES AI stock. The shares were sold at an average price of $1.42, for a total transaction of $35,500.00.

SES AI Stock Down 0.9 %

NYSE:SES opened at $1.09 on Friday. The firm has a 50-day moving average price of $1.30 and a 200 day moving average price of $1.46. The firm has a market capitalization of $389.14 million, a PE ratio of -6.81 and a beta of 2.45. SES AI Co. has a 12-month low of $1.07 and a 12-month high of $3.21.

SES AI (NYSE:SES) last issued its earnings results on Thursday, May 2nd. The company reported ($0.05) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.05). During the same period last year, the firm earned ($0.05) earnings per share. On average, research analysts expect that SES AI Co. will post -0.17 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of SES. Alpine Global Management LLC acquired a new stake in shares of SES AI in the 3rd quarter valued at $45,000. Kestra Advisory Services LLC bought a new position in SES AI during the 3rd quarter valued at about $96,000. EntryPoint Capital LLC acquired a new position in SES AI in the first quarter valued at about $88,000. SG Americas Securities LLC grew its stake in SES AI by 28.3% during the fourth quarter. SG Americas Securities LLC now owns 66,479 shares of the company’s stock worth $122,000 after buying an additional 14,646 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in SES AI by 0.7% during the first quarter. Vanguard Group Inc. now owns 11,830,407 shares of the company’s stock worth $19,875,000 after buying an additional 82,245 shares during the last quarter. 29.78% of the stock is currently owned by institutional investors and hedge funds.

About SES AI

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.