Temasek Holdings Private Ltd Sells 4,000,000 Shares of SES AI Co. (NYSE:SES)

Temasek Holdings Private Ltd lessened its stake in SES AI Co. (NYSE:SES) by 11.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,675,757 shares of the company’s stock after selling 4,000,000 shares during the quarter. Temasek Holdings Private Ltd owned about 0.09% of SES AI worth $19,626,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SES. DRW Securities LLC acquired a new position in SES AI during the third quarter valued at approximately $52,000. Charles Schwab Investment Management Inc. boosted its position in shares of SES AI by 4.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,162,112 shares of the company’s stock worth $744,000 after purchasing an additional 46,778 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of SES AI by 91.6% in the 3rd quarter. SG Americas Securities LLC now owns 66,573 shares of the company’s stock valued at $43,000 after buying an additional 31,832 shares during the period. Squarepoint Ops LLC increased its position in shares of SES AI by 1,039.9% in the 2nd quarter. Squarepoint Ops LLC now owns 246,964 shares of the company’s stock valued at $309,000 after buying an additional 225,299 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake 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 buying an additional 46,800 shares during the period. Institutional investors own 29.78% of the company’s stock.

Insider Activity at SES AI

In other news, major shareholder Holdings (Private) Ltd Temasek sold 165,539 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $1.04, for a total transaction of $172,160.56. Following the completion of the transaction, the insider now directly owns 5,466,590 shares in the company, valued at $5,685,253.60. This represents a 2.94 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder General Motors Holdings Llc sold 13,332,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $0.20, for a total value of $2,666,400.00. Following the completion of the transaction, the insider now owns 9,843,622 shares of the company’s stock, valued at $1,968,724.40. The trade was a 57.53 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,551,072 shares of company stock valued at $5,061,174. 15.07% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

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

SES AI Stock Up 6.9 %

Shares of NYSE:SES opened at $0.40 on Friday. The firm has a market cap of $143.77 million, a price-to-earnings ratio of -1.73 and a beta of 2.27. SES AI Co. has a 12 month low of $0.20 and a 12 month high of $2.44. The company’s fifty day simple moving average is $0.48 and its 200 day simple moving average is $0.90.

SES AI (NYSE:SES) last released its quarterly earnings results on Thursday, October 31st. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.04). During the same quarter in the previous year, the business earned ($0.04) earnings per share. Research analysts expect that SES AI Co. will post -0.23 earnings per share for the current fiscal year.

SES AI 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.