SES AI (NYSE:SES) Insider Sells $30,000.00 in Stock

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 stock was sold at an average price of $1.20, for a total value of $30,000.00. Following the sale, the insider directly owned 780,203 shares of the company’s stock, valued at $936,243.60. The trade was a 3.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

SES AI Trading Up 2.8%

SES traded up $0.04 on Wednesday, hitting $1.31. The company had a trading volume of 4,990,765 shares, compared to its average volume of 9,654,444. The company’s fifty day moving average price is $1.89 and its 200 day moving average price is $1.95. SES AI Corporation has a 1 year low of $0.39 and a 1 year high of $3.73. The firm has a market cap of $476.42 million, a P/E ratio of -5.93 and a beta of 0.62.

SES AI (NYSE:SES) last announced its earnings results on Wednesday, March 4th. The company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.02. SES AI had a negative net margin of 347.81% and a negative return on equity of 28.19%. The company had revenue of $4.56 million during the quarter, compared to analyst estimates of $6.64 million. On average, analysts predict that SES AI Corporation will post -0.23 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on SES shares. Wall Street Zen downgraded shares of SES AI from a “hold” rating to a “sell” rating in a report on Saturday, January 31st. Weiss Ratings restated a “sell (d-)” rating on shares of SES AI in a research report on Wednesday, January 21st. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating on shares of SES AI in a research note on Thursday, March 5th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $4.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SES. AQR Capital Management LLC grew its holdings in shares of SES AI by 2,314.7% in the first quarter. AQR Capital Management LLC now owns 1,138,003 shares of the company’s stock valued at $593,000 after purchasing an additional 1,090,875 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in SES AI during the 2nd quarter worth approximately $41,000. 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 worth $52,000 after buying an additional 14,118 shares in the last quarter. SBI Securities Co. Ltd. boosted its position in SES AI by 143.0% in the 2nd quarter. SBI Securities Co. Ltd. now owns 67,988 shares of the company’s stock valued at $60,000 after buying an additional 40,008 shares during the period. Finally, Catalyst Funds Management Pty Ltd purchased a new position in SES AI in the 2nd quarter valued at approximately $55,000. Hedge funds and other institutional investors own 29.78% of the company’s stock.

SES AI Company Profile

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.