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

SES AI Co. (NYSE:SES) major shareholder Holdings (Private) Ltd Temasek sold 67,890 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $1.02, for a total transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own more than 10% of a company’s stock 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 Down 4.4 %

NYSE:SES traded down $0.05 during mid-day trading on Tuesday, reaching $0.97. 42,588,723 shares of the stock were exchanged, compared to its average volume of 815,894. The stock has a market capitalization of $347.98 million, a P/E ratio of -6.09 and a beta of 2.43. SES AI Co. has a 1 year low of $0.81 and a 1 year high of $2.66. The company has a 50 day simple moving average of $1.09 and a 200-day simple moving average of $1.29.

SES AI (NYSE:SES) last announced its earnings results 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 quarter last year, the business earned ($0.04) EPS. As a group, research analysts predict that SES AI Co. will post -0.23 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently issued reports on SES. Wolfe Research started coverage on SES AI in a report on Thursday, September 5th. They issued an “underperform” rating and a $1.00 target price for the company. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $1.50 price target on shares of SES AI in a research report on Tuesday, September 10th.

Hedge Funds Weigh In On SES AI

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Squarepoint Ops LLC boosted its holdings 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 valued at $309,000 after acquiring an additional 225,299 shares in the last quarter. Renaissance Technologies LLC boosted its stake 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 valued at $152,000 after buying an additional 46,800 shares in the last quarter. Bank of New York Mellon Corp grew 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 acquiring an additional 71,794 shares during the period. EntryPoint Capital LLC purchased a new position in SES AI in the first quarter worth $88,000. Finally, Vanguard Group Inc. lifted its holdings in SES AI by 0.7% in the first quarter. Vanguard Group Inc. now owns 11,830,407 shares of the company’s stock valued at $19,875,000 after acquiring an additional 82,245 shares during the period. Hedge funds and other 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.