SES AI Corporation $SES Shares Sold by Temasek Holdings Private Ltd

Temasek Holdings Private Ltd decreased its stake in shares of SES AI Corporation (NYSE:SES) by 54.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,675,757 shares of the company’s stock after selling 15,393,562 shares during the quarter. Temasek Holdings Private Ltd owned about 3.47% of SES AI worth $21,169,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in SES. Banco BTG Pactual S.A. purchased a new position in shares of SES AI during the 3rd quarter worth $78,000. Vanguard Group Inc. grew its holdings in shares of SES AI by 21.1% in the third quarter. Vanguard Group Inc. now owns 11,083,010 shares of the company’s stock valued at $18,509,000 after purchasing an additional 1,927,945 shares during the period. SBI Securities Co. Ltd. grew its holdings in shares of SES AI by 237.5% in the third quarter. SBI Securities Co. Ltd. now owns 229,470 shares of the company’s stock valued at $383,000 after purchasing an additional 161,482 shares during the period. Verdence Capital Advisors LLC increased its position in SES AI by 42.9% during the third 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 during the last quarter. Finally, Hudson Bay Capital Management LP acquired a new stake in SES AI during the second quarter worth about $31,000. 29.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Activity at SES AI

In other SES AI news, insider Hong Gan sold 100,000 shares of the business’s stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $2.50, for a total value of $250,000.00. Following the completion of the transaction, the insider owned 1,253,286 shares in the company, valued at $3,133,215. The trade was a 7.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Kyle Pilkington sold 25,000 shares of the business’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $1.20, for a total transaction of $30,000.00. Following the completion of the transaction, the insider owned 780,203 shares of the company’s stock, valued at approximately $936,243.60. This trade represents a 3.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 375,000 shares of company stock worth $853,000. 13.80% of the stock is owned by insiders.

SES AI Price Performance

NYSE SES opened at $1.23 on Friday. The company has a market cap of $447.21 million, a P/E ratio of -5.57 and a beta of 0.62. The stock has a 50-day moving average of $1.86 and a two-hundred day moving average of $1.94. SES AI Corporation has a 1-year low of $0.40 and a 1-year high of $3.73.

SES AI (NYSE:SES) last issued its quarterly earnings results on Wednesday, March 4th. The company reported ($0.04) earnings per share (EPS) 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 business had revenue of $4.56 million for the quarter, compared to analysts’ expectations of $6.64 million. On average, analysts anticipate that SES AI Corporation will post -0.23 EPS for the current fiscal year.

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.