SES AI Co. (NYSE:SES) Major Shareholder Sk Inc. Sells 243,951 Shares

SES AI Co. (NYSE:SES) major shareholder Sk Inc. sold 243,951 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $0.60, for a total value of $146,370.60. Following the sale, the insider now directly owns 40,784,454 shares of the company’s stock, valued at $24,470,672.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Sk Inc. also recently made the following trade(s):

• On Monday, September 30th, Sk Inc. sold 71,176 shares of SES AI stock. The shares were sold at an average price of $0.70, for a total value of $49,823.20.

SES AI Stock Up 3.6 %

SES opened at $0.62 on Monday. The stock’s fifty day moving average is $0.94 and its two-hundred day moving average is $1.20. The company has a market capitalization of $219.99 million, a P/E ratio of -3.85 and a beta of 2.39. SES AI Co. has a 52 week low of $0.57 and a 52 week high of $2.66.

SES AI (NYSE:SES) last announced its quarterly earnings results on Monday, July 29th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.02). During the same quarter in the previous year, the firm posted ($0.04) earnings per share. Equities analysts anticipate that SES AI Co. will post -0.23 earnings per share for the current year.

Institutional Investors Weigh In On SES AI

Several large investors have recently modified their holdings of SES. SG Americas Securities LLC boosted its stake in shares of SES AI by 91.6% during the third quarter. SG Americas Securities LLC now owns 66,573 shares of the company’s stock valued at $43,000 after purchasing an additional 31,832 shares in the last quarter. EntryPoint Capital LLC bought a new stake in SES AI during the 1st quarter valued at $88,000. Renaissance Technologies LLC increased its holdings in shares of SES AI by 62.8% in the 2nd quarter. Renaissance Technologies LLC now owns 121,300 shares of the company’s stock valued at $152,000 after acquiring an additional 46,800 shares during the period. Squarepoint Ops LLC raised its position in shares of SES AI by 1,039.9% in the 2nd quarter. Squarepoint Ops LLC now owns 246,964 shares of the company’s stock worth $309,000 after acquiring an additional 225,299 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of SES AI by 20.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 427,944 shares of the company’s stock worth $535,000 after purchasing an additional 71,794 shares during the last quarter. Institutional investors own 29.78% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $1.50 target price on shares of SES AI in a research note on Tuesday, September 10th. Wolfe Research initiated coverage on shares of SES AI in a report on Thursday, September 5th. They set an “underperform” rating and a $1.00 price objective for the company.

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.