GSA Capital Partners LLP Trims Stake in SES AI Corporation $SES

GSA Capital Partners LLP decreased its holdings in shares of SES AI Corporation (NYSE:SES) by 52.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 860,461 shares of the company’s stock after selling 948,993 shares during the period. GSA Capital Partners LLP owned approximately 0.24% of SES AI worth $1,437,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in SES AI by 21.1% in the third quarter. Vanguard Group Inc. now owns 11,083,010 shares of the company’s stock worth $18,509,000 after purchasing an additional 1,927,945 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of SES AI by 2,314.7% in the 1st quarter. AQR Capital Management LLC now owns 1,138,003 shares of the company’s stock valued at $593,000 after acquiring an additional 1,090,875 shares during the last quarter. Baird Financial Group Inc. purchased a new stake in SES AI during the 2nd quarter valued at about $689,000. XTX Topco Ltd bought a new position in SES AI during the 2nd quarter worth approximately $676,000. Finally, Franklin Resources Inc. purchased a new position in SES AI in the 2nd quarter worth approximately $543,000. 29.78% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Hong Gan sold 150,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $2.50, for a total value of $375,000.00. Following the completion of the transaction, the insider owned 1,253,286 shares in the company, valued at $3,133,215. This trade represents a 10.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last three months, insiders sold 350,000 shares of company stock valued at $823,000. 13.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SES. Cantor Fitzgerald raised their target price on shares of SES AI from $2.00 to $4.00 and gave the stock an “overweight” rating in a report on Thursday, November 6th. Weiss Ratings restated a “sell (d-)” rating on shares of SES AI in a research report on Wednesday, January 21st. Finally, Wall Street Zen lowered shares of SES AI from a “hold” rating to a “sell” rating in a report on Saturday, January 31st. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $4.00.

SES AI Stock Performance

Shares of SES opened at $1.70 on Wednesday. SES AI Corporation has a 1-year low of $0.38 and a 1-year high of $3.73. The firm’s 50-day moving average price is $2.03 and its 200-day moving average price is $1.91. The firm has a market capitalization of $620.62 million, a price-to-earnings ratio of -6.07 and a beta of 0.57.

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.