SES AI (NYSE:SES) Insider Kyle Pilkington Sells 25,000 Shares

SES AI Corporation (NYSE:SES) insider Kyle Pilkington sold 25,000 shares of the firm’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $1.20, for a total value of $30,000.00. Following the transaction, the insider owned 780,203 shares in the company, valued at approximately $936,243.60. This trade represents a 3.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

SES AI Stock Performance

Shares of SES traded down $0.05 during trading hours on Thursday, hitting $1.25. 1,895,839 shares of the company were exchanged, compared to its average volume of 8,086,390. The company has a market cap of $454.51 million, a PE ratio of -5.66 and a beta of 0.62. The firm’s 50 day moving average is $1.89 and its 200-day moving average is $1.95. SES AI Corporation has a 52 week low of $0.39 and a 52 week high of $3.73.

SES AI (NYSE:SES) last issued its quarterly earnings data on Wednesday, March 4th. The company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.02. SES AI had a negative return on equity of 28.19% and a negative net margin of 347.81%.The business had revenue of $4.56 million for the quarter, compared to the consensus estimate of $6.64 million. As a group, equities analysts forecast that SES AI Corporation will post -0.23 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on SES shares. Wall Street Zen cut shares of SES AI from a “hold” rating to a “sell” rating in a report on Saturday, January 31st. Weiss Ratings reiterated a “sell (d-)” rating on shares of SES AI in a research note on Wednesday, January 21st. Finally, Cantor Fitzgerald reissued an “overweight” rating on shares of SES AI in a research report on Thursday, March 5th. One equities 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, SES AI presently has an average rating of “Hold” and a consensus target price of $4.00.

Hedge Funds Weigh In On SES AI

Large investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. lifted its holdings 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 worth $34,000 after acquiring an additional 5,268 shares during the period. Verdence Capital Advisors LLC increased its position 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 purchasing an additional 6,000 shares in the last quarter. Mariner LLC lifted its holdings in SES AI by 89.4% during the 4th quarter. Mariner LLC now owns 21,253 shares of the company’s stock valued at $38,000 after purchasing an additional 10,031 shares during the last quarter. Savant Capital LLC lifted its holdings in SES AI by 32.1% during the 2nd quarter. Savant Capital LLC now owns 58,118 shares of the company’s stock valued at $52,000 after purchasing an additional 14,118 shares during the last quarter. Finally, Gainplan LLC acquired a new position in SES AI in the fourth quarter valued at about $30,000. Institutional investors and hedge funds own 29.78% of the company’s stock.

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.