Sk Inc. Sells 400,000 Shares of SES AI Co. (NYSE:SES) Stock

by · The Cerbat Gem

SES AI Co. (NYSE:SES – Get Free Report) major shareholder Sk Inc. sold 400,000 shares of the firm’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $0.62, for a total transaction of $248,000.00. Following the transaction, the insider now directly owns 39,527,701 shares in the company, valued at approximately $24,507,174.62. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Sk Inc. also recently made the following trade(s):

  • On Friday, October 11th, Sk Inc. sold 400,000 shares of SES AI stock. The stock was sold at an average price of $0.61, for a total transaction of $244,000.00.
  • On Wednesday, October 9th, Sk Inc. sold 2,481 shares of SES AI stock. The stock was sold at an average price of $0.60, for a total transaction of $1,488.60.
  • On Monday, October 7th, Sk Inc. sold 82,429 shares of SES AI stock. The stock was sold at an average price of $0.60, for a total transaction of $49,457.40.
  • On Friday, October 4th, Sk Inc. sold 100,000 shares of SES AI stock. The stock was sold at an average price of $0.61, for a total transaction of $61,000.00.
  • On Wednesday, October 2nd, Sk Inc. sold 243,951 shares of SES AI stock. The stock was sold at an average price of $0.60, for a total transaction of $146,370.60.
  • On Monday, September 30th, Sk Inc. sold 71,176 shares of SES AI stock. The stock was sold at an average price of $0.70, for a total transaction of $49,823.20.

SES AI Trading Down 6.6 %

SES opened at $0.57 on Friday. The company has a market cap of $204.03 million, a P/E ratio of -3.57 and a beta of 2.39. The company’s 50 day moving average is $0.86 and its 200-day moving average is $1.14. SES AI Co. has a 1-year low of $0.55 and a 1-year high of $2.57.

SES AI (NYSE:SES – Get Free Report) last announced its quarterly earnings results on Monday, July 29th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.02). During the same quarter in the prior year, the company earned ($0.04) EPS. On average, equities analysts forecast that SES AI Co. will post -0.23 EPS for the current year.

Institutional Investors Weigh In On SES AI

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of SES AI by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 11,830,407 shares of the company’s stock valued at $19,875,000 after purchasing an additional 82,245 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of SES AI by 20.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 427,944 shares of the company’s stock valued at $535,000 after purchasing an additional 71,794 shares during the last quarter. Squarepoint Ops LLC grew its holdings in SES AI by 1,039.9% during the 2nd quarter. Squarepoint Ops LLC now owns 246,964 shares of the company’s stock worth $309,000 after acquiring an additional 225,299 shares during the last quarter. Renaissance Technologies LLC grew its holdings in SES AI by 62.8% during the 2nd quarter. Renaissance Technologies LLC now owns 121,300 shares of the company’s stock worth $152,000 after acquiring an additional 46,800 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in SES AI by 91.6% during the 3rd quarter. SG Americas Securities LLC now owns 66,573 shares of the company’s stock worth $43,000 after acquiring an additional 31,832 shares during the last quarter. 29.78% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Wolfe Research assumed coverage on shares of SES AI in a research note on Thursday, September 5th. They set an “underperform” rating and a $1.00 price objective on the stock. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $1.50 price objective on shares of SES AI in a research note on Tuesday, September 10th.

View Our Latest Stock Analysis on SES

About SES AI

(Get Free Report)

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.

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