Insider Selling: SES AI Co. (NYSE:SES) Insider Sells $29,250.00 in Stock

SES AI Co. (NYSE:SES) insider Hong Gan sold 25,000 shares of SES AI stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $1.17, for a total value of $29,250.00. Following the sale, the insider now directly owns 825,506 shares in the company, valued at approximately $965,842.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, May 8th, Hong Gan sold 25,000 shares of SES AI stock. The shares were sold at an average price of $1.42, for a total value of $35,500.00.

SES AI Stock Performance

NYSE:SES opened at $1.09 on Friday. The stock has a market cap of $389.14 million, a price-to-earnings ratio of -6.81 and a beta of 2.45. SES AI Co. has a 1 year low of $1.07 and a 1 year high of $3.21. The business has a fifty day moving average of $1.30 and a 200-day moving average of $1.46.

SES AI (NYSE:SES) last posted its quarterly earnings data 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 quarter last year, the company posted ($0.05) earnings per share. On average, equities research analysts predict that SES AI Co. will post -0.17 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in SES. Alpine Global Management LLC acquired a new stake in SES AI in the third quarter worth approximately $45,000. Kestra Advisory Services LLC bought a new stake in shares of SES AI in the 3rd quarter worth $96,000. EntryPoint Capital LLC bought a new stake in shares of SES AI in the 1st quarter worth $88,000. SG Americas Securities LLC lifted its holdings in shares of SES AI by 28.3% in the fourth quarter. SG Americas Securities LLC now owns 66,479 shares of the company’s stock valued at $122,000 after buying an additional 14,646 shares during the period. Finally, Vanguard Group Inc. boosted its stake in SES AI by 0.7% during the first quarter. Vanguard Group Inc. now owns 11,830,407 shares of the company’s stock valued at $19,875,000 after buying an additional 82,245 shares in the last quarter. 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.