SES AI (NYSE:SES) Insider Hong Gan Sells 100,000 Shares

SES AI Corporation (NYSE:SES) insider Hong Gan sold 100,000 shares of the stock in a transaction dated Friday, January 23rd. The stock was sold at an average price of $2.50, for a total value of $250,000.00. Following the transaction, the insider owned 1,253,286 shares of the company’s stock, valued at approximately $3,133,215. The trade was a 7.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Hong Gan also recently made the following trade(s):

• On Thursday, January 22nd, Hong Gan sold 150,000 shares of SES AI stock. The stock was sold at an average price of $2.50, for a total transaction of $375,000.00.
• On Monday, December 15th, Hong Gan sold 100,000 shares of SES AI stock. The stock was sold at an average price of $1.98, for a total transaction of $198,000.00.
• On Monday, November 17th, Hong Gan sold 150,000 shares of SES AI stock. The shares were sold at an average price of $1.90, for a total value of $285,000.00.

SES AI Price Performance

SES stock traded down $0.18 during mid-day trading on Friday, reaching $2.40. The company had a trading volume of 8,776,916 shares, compared to its average volume of 7,326,288. The company has a market capitalization of $874.34 million, a price-to-earnings ratio of -8.55 and a beta of 0.57. SES AI Corporation has a 52 week low of $0.38 and a 52 week high of $3.73. The stock has a 50 day simple moving average of $2.02 and a two-hundred day simple moving average of $1.79.

SES AI (NYSE:SES) last announced its quarterly earnings data on Wednesday, November 5th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). SES AI had a negative return on equity of 35.31% and a negative net margin of 490.03%.The company had revenue of $7.12 million for the quarter, compared to the consensus estimate of $4.58 million. On average, equities analysts predict that SES AI Corporation will post -0.23 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. boosted its position in shares of SES AI by 35.1% in the third quarter. Raymond James Financial Inc. now owns 20,268 shares of the company’s stock valued at $34,000 after acquiring an additional 5,268 shares during the period. Verdence Capital Advisors LLC increased its position in SES AI by 42.9% during the third quarter. Verdence Capital Advisors LLC now owns 20,000 shares of the company’s stock worth $33,000 after acquiring an additional 6,000 shares during the period. Savant Capital LLC raised its stake in SES AI by 32.1% in the 2nd quarter. Savant Capital LLC now owns 58,118 shares of the company’s stock worth $52,000 after purchasing an additional 14,118 shares in the last quarter. Gainplan LLC bought a new stake in SES AI in the 4th quarter valued at about $30,000. Finally, Sitrin Capital Management LLC boosted its holdings in SES AI by 50.0% in the 2nd quarter. Sitrin Capital Management LLC now owns 60,000 shares of the company’s stock valued at $53,000 after purchasing an additional 20,000 shares during the period. Institutional investors own 29.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SES. Cantor Fitzgerald boosted their price objective on shares of SES AI from $2.00 to $4.00 and gave the stock an “overweight” rating in a research note on Thursday, November 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of SES AI in a report on Wednesday. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, SES AI has a consensus rating of “Hold” and an average target price of $4.00.

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.