SES AI Co. (NYSE:SES) Major Shareholder Holdings (Private) Ltd Temasek Sells 67,890 Shares of Stock

SES AI Co. (NYSE:SES) major shareholder Holdings (Private) Ltd Temasek sold 67,890 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $1.02, for a total value of $69,247.80. Following the sale, the insider now directly owns 5,398,700 shares in the company, valued at approximately $5,506,674. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Holdings (Private) Ltd Temasek also recently made the following trade(s):

• On Friday, September 13th, Holdings (Private) Ltd Temasek sold 165,539 shares of SES AI stock. The stock was sold at an average price of $1.04, for a total value of $172,160.56.

SES AI Stock Performance

Shares of SES opened at $0.97 on Wednesday. The firm’s 50 day moving average price is $1.09 and its two-hundred day moving average price is $1.29. The firm has a market cap of $347.98 million, a P/E ratio of -6.09 and a beta of 2.43. SES AI Co. has a twelve month low of $0.81 and a twelve month high of $2.66.

SES AI (NYSE:SES) last announced its quarterly earnings data on Monday, July 29th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02). During the same period last year, the company earned ($0.04) EPS. On average, sell-side analysts anticipate that SES AI Co. will post -0.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on SES. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $1.50 price target on shares of SES AI in a research note on Tuesday, September 10th. Wolfe Research began coverage on shares of SES AI in a research note on Thursday, September 5th. They issued an “underperform” rating and a $1.00 price target on the stock.

Institutional Trading of SES AI

Institutional investors have recently made changes to their positions in the business. EntryPoint Capital LLC bought a new stake in shares of SES AI in the first quarter worth $88,000. Renaissance Technologies LLC lifted its position in shares of SES AI by 62.8% in the second quarter. Renaissance Technologies LLC now owns 121,300 shares of the company’s stock worth $152,000 after purchasing an additional 46,800 shares in the last quarter. Squarepoint Ops LLC lifted its position in shares of SES AI by 1,039.9% in the second quarter. Squarepoint Ops LLC now owns 246,964 shares of the company’s stock worth $309,000 after purchasing an additional 225,299 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in SES AI by 20.2% during the second quarter. Bank of New York Mellon Corp now owns 427,944 shares of the company’s stock worth $535,000 after buying an additional 71,794 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in SES AI by 0.7% during the first quarter. Vanguard Group Inc. now owns 11,830,407 shares of the company’s stock worth $19,875,000 after buying an additional 82,245 shares during the last quarter. Institutional investors 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.