Insider Selling: SES AI Co. (NYSE:SES) Insider Sells 25,000 Shares of Stock

SES AI Co. (NYSE:SES) insider Hong Gan sold 25,000 shares of SES AI stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $1.42, for a total value of $35,500.00. Following the sale, the insider now directly owns 825,506 shares of the company’s stock, valued at $1,172,218.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Monday, April 1st, Hong Gan sold 25,000 shares of SES AI stock. The shares were sold at an average price of $1.60, for a total value of $40,000.00.
• On Friday, March 1st, Hong Gan sold 25,000 shares of SES AI stock. The shares were sold at an average price of $1.69, for a total value of $42,250.00.

SES AI Trading Up 6.3 %

NYSE SES traded up $0.09 on Thursday, reaching $1.51. 421,267 shares of the company were exchanged, compared to its average volume of 588,133. SES AI Co. has a fifty-two week low of $1.15 and a fifty-two week high of $3.21. The business’s fifty day moving average price is $1.51 and its 200 day moving average price is $1.70. The stock has a market capitalization of $535.99 million, a P/E ratio of -9.57 and a beta of 2.59.

SES AI (NYSE:SES) last issued its earnings results on Thursday, May 2nd. The company reported ($0.05) earnings per share for the quarter, hitting the consensus estimate of ($0.05). During the same period last year, the business posted ($0.05) EPS. Equities research analysts forecast that SES AI Co. will post -0.24 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Personalized Indexing Management LLC purchased a new position in shares of SES AI during the 3rd quarter worth approximately $25,000. Alpine Global Management LLC purchased a new position in SES AI during the third quarter worth approximately $45,000. Kestra Advisory Services LLC purchased a new stake in shares of SES AI during the 3rd quarter valued at $96,000. SG Americas Securities LLC purchased a new position in shares of SES AI in the 3rd quarter worth $118,000. Finally, Syon Capital LLC acquired a new position in SES AI in the third quarter valued at $137,000. 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.