Holdings (Private) Ltd Temasek Sells 253,119 Shares of SES AI Co. (NYSE:SES) Stock

SES AI Co. (NYSE:SES) major shareholder Holdings (Private) Ltd Temasek sold 253,119 shares of SES AI stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $0.83, for a total transaction of $210,088.77. Following the completion of the sale, the insider now owns 2,297,782 shares of the company’s stock, valued at approximately $1,907,159.06. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Wednesday, September 18th, Holdings (Private) Ltd Temasek sold 1,000,000 shares of SES AI stock. The stock was sold at an average price of $0.87, for a total transaction of $870,000.00.
• On Monday, September 16th, Holdings (Private) Ltd Temasek sold 67,890 shares of SES AI stock. The stock was sold at an average price of $1.02, for a total value of $69,247.80.
• On Friday, September 13th, Holdings (Private) Ltd Temasek sold 165,539 shares of SES AI stock. The shares were sold at an average price of $1.04, for a total value of $172,160.56.

SES AI Price Performance

NYSE SES opened at $0.72 on Thursday. The business has a fifty day moving average price of $1.02 and a two-hundred day moving average price of $1.25. The stock has a market capitalization of $258.43 million, a PE ratio of -4.52 and a beta of 2.43. SES AI Co. has a fifty-two week low of $0.62 and a fifty-two week high of $2.66.

SES AI (NYSE:SES) last announced its quarterly earnings data on Monday, July 29th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.02). During the same period last year, the company posted ($0.04) earnings per share. As a group, sell-side analysts expect that SES AI Co. will post -0.23 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $1.50 target price on shares of SES AI in a report on Tuesday, September 10th. Wolfe Research started 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.

Institutional Investors Weigh In On SES AI

A number of hedge funds have recently made changes to their positions in SES. Vanguard Group Inc. lifted its stake in SES AI by 0.7% in 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. EntryPoint Capital LLC bought a new stake in shares of SES AI during the first quarter worth $88,000. Bank of New York Mellon Corp increased its holdings in shares of 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 buying an additional 71,794 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of SES AI by 62.8% in 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. Finally, Squarepoint Ops LLC boosted 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 in the last quarter. 29.78% of the stock is currently owned by institutional investors and hedge funds.

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.