Holdings (Private) Ltd Temasek Sells 165,539 Shares of SES AI Co. (NYSE:SES) Stock

SES AI Co. (NYSE:SES) major shareholder Holdings (Private) Ltd Temasek sold 165,539 shares of the company’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $1.04, for a total value of $172,160.56. Following the sale, the insider now directly owns 5,466,590 shares of the company’s stock, valued at $5,685,253.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Monday, September 16th, Holdings (Private) Ltd Temasek sold 67,890 shares of SES AI stock. The shares were sold at an average price of $1.02, for a total value of $69,247.80.

SES AI Price Performance

Shares of SES stock opened at $0.97 on Wednesday. SES AI Co. has a fifty-two week low of $0.81 and a fifty-two week high of $2.66. The stock’s 50-day moving average is $1.09 and its two-hundred day moving average 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 (NYSE:SES) last issued 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 quarter last year, the business earned ($0.04) earnings per share. As a group, research analysts expect that SES AI Co. will post -0.23 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC increased its holdings in shares of SES AI by 62.8% during the 2nd quarter. Renaissance Technologies LLC now owns 121,300 shares of the company’s stock valued at $152,000 after acquiring an additional 46,800 shares during the last quarter. EntryPoint Capital LLC acquired a new position in shares of SES AI during the 1st quarter valued at about $88,000. Bank of New York Mellon Corp increased 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 acquiring an additional 71,794 shares during the last quarter. Vanguard Group Inc. increased 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 acquiring an additional 82,245 shares during the last quarter. Finally, Squarepoint Ops LLC increased its holdings in shares of SES AI by 1,039.9% during the 2nd 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 during the last quarter. Institutional investors and hedge funds own 29.78% of the company’s stock.

Analysts Set New Price Targets

SES has been the topic of several recent analyst reports. Wolfe Research initiated coverage on SES AI in a research report on Thursday, September 5th. They set an “underperform” rating and a $1.00 price target on the stock. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $1.50 price target on shares of SES AI in a research report on Tuesday, September 10th.

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.