Kyle Pilkington Sells 25,000 Shares of SES AI (NYSE:SES) Stock

SES AI Corporation (NYSE:SESGet Free Report) insider Kyle Pilkington sold 25,000 shares of SES AI stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $1.20, for a total transaction of $30,000.00. Following the transaction, the insider directly owned 1,023,548 shares in the company, valued at $1,228,257.60. This trade represents a 2.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kyle Pilkington also recently made the following trade(s):

  • On Monday, March 9th, Kyle Pilkington sold 25,000 shares of SES AI stock. The stock was sold at an average price of $1.20, for a total transaction of $30,000.00.

SES AI Price Performance

Shares of SES stock opened at $1.38 on Friday. The firm’s 50-day moving average is $1.07 and its two-hundred day moving average is $1.61. SES AI Corporation has a 12 month low of $0.80 and a 12 month high of $3.73. The company has a market capitalization of $506.30 million, a PE ratio of -6.28 and a beta of 0.84.

SES AI (NYSE:SESGet Free Report) last issued its earnings results on Thursday, April 23rd. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.02). SES AI had a negative return on equity of 28.65% and a negative net margin of 331.72%.The firm had revenue of $6.71 million for the quarter, compared to analysts’ expectations of $3.65 million. Sell-side analysts forecast that SES AI Corporation will post -0.16 EPS for the current year.

Institutional Investors Weigh In On SES AI

A number of institutional investors have recently made changes to their positions in SES. Vanguard Group Inc. grew its holdings in shares of SES AI by 21.1% in the third quarter. Vanguard Group Inc. now owns 11,083,010 shares of the company’s stock valued at $18,509,000 after purchasing an additional 1,927,945 shares in the last quarter. Invesco Ltd. increased its stake in SES AI by 563.9% during the 4th quarter. Invesco Ltd. now owns 6,814,389 shares of the company’s stock worth $12,266,000 after buying an additional 5,788,018 shares during the period. Renaissance Technologies LLC increased its stake in SES AI by 57.2% during the 1st quarter. Renaissance Technologies LLC now owns 4,596,252 shares of the company’s stock worth $4,422,000 after buying an additional 1,671,610 shares during the period. Geode Capital Management LLC increased its stake in SES AI by 3.0% during the 4th quarter. Geode Capital Management LLC now owns 3,081,249 shares of the company’s stock worth $5,549,000 after buying an additional 88,548 shares during the period. Finally, State Street Corp increased its stake in SES AI by 150.2% during the 4th quarter. State Street Corp now owns 2,886,991 shares of the company’s stock worth $5,197,000 after buying an additional 1,733,209 shares during the period. 29.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Cantor Fitzgerald reiterated an “overweight” rating on shares of SES AI in a research report on Thursday, March 5th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $1.40 price target on shares of SES AI in a research report on Monday, April 27th. Wall Street Zen upgraded shares of SES AI from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of SES AI in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $2.70.

View Our Latest Stock Report on SES

SES AI News Summary

Here are the key news stories impacting SES AI this week:

  • Positive Sentiment: SES AI has been trading above its 50-day moving average, suggesting some buying interest despite the legal overhang.
  • Neutral Sentiment: Insider Kyle Pilkington sold 25,000 shares under a pre-arranged Rule 10b5-1 plan, which is notable but not necessarily a fresh bearish signal. Article Title
  • Negative Sentiment: Multiple law firms are promoting class actions against SES AI, keeping legal risk, potential costs, and reputational damage front and center for investors. Article Title
  • Negative Sentiment: The lawsuits center on alleged weak revenue guidance, missed expectations, and a steep prior stock decline, reinforcing concerns about SES AI’s near-term outlook. Article Title

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.

Further Reading

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