Hong Gan Sells 100,000 Shares of SES AI (NYSE:SES) Stock

SES AI Corporation (NYSE:SES) insider Hong Gan sold 100,000 shares of the business’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $1.98, for a total transaction of $198,000.00. Following the sale, the insider directly owned 1,253,286 shares of the company’s stock, valued at approximately $2,481,506.28. The trade was a 7.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, November 17th, Hong Gan sold 150,000 shares of SES AI stock. The shares were sold at an average price of $1.90, for a total value of $285,000.00.

SES AI Trading Up 0.3%

SES AI stock traded up $0.01 during trading on Tuesday, hitting $1.96. 3,677,462 shares of the company were exchanged, compared to its average volume of 16,639,613. The company has a market capitalization of $713.72 million, a P/E ratio of -6.98 and a beta of 0.56. The business’s 50 day moving average is $2.33 and its 200 day moving average is $1.57. SES AI Corporation has a 52 week low of $0.36 and a 52 week high of $3.73.

SES AI (NYSE:SES) last posted its quarterly earnings data on Wednesday, November 5th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate 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 net margin of 490.03% and a negative return on equity of 35.31%. Equities analysts expect that SES AI Corporation will post -0.23 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Cantor Fitzgerald lifted their target price on shares of SES AI from $2.00 to $4.00 and gave the company an “overweight” rating in a research report on Thursday, November 6th. Weiss Ratings restated a “sell (d-)” rating on shares of SES AI in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, SES AI currently has a consensus rating of “Hold” and an average target price of $4.00.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in SES. XTX Topco Ltd purchased a new stake in SES AI in the second quarter worth about $676,000. Franklin Resources Inc. purchased a new stake in shares of SES AI in the 2nd quarter worth approximately $543,000. Invesco Ltd. grew its stake in shares of SES AI by 1,537.2% in the 1st quarter. Invesco Ltd. now owns 892,494 shares of the company’s stock worth $465,000 after buying an additional 837,982 shares during the last quarter. Farther Finance Advisors LLC bought a new position in SES AI during the 2nd quarter valued at approximately $125,000. Finally, HITE Hedge Asset Management LLC purchased a new position in shares of SES AI during the first quarter valued at approximately $339,000. 29.78% of the stock is owned by hedge funds and other institutional investors.

SES AI Company Profile

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.