Hong Gan Sells 25,000 Shares of SES AI Co. (NYSE:SES) Stock

SES AI Co. (NYSE:SESGet Free Report) insider Hong Gan sold 25,000 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $1.60, for a total value of $40,000.00. Following the completion of the sale, the insider now owns 875,001 shares in the company, valued at $1,400,001.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

  • On Friday, March 1st, Hong Gan sold 25,000 shares of SES AI stock. The stock was sold at an average price of $1.69, for a total value of $42,250.00.
  • On Thursday, February 1st, Hong Gan sold 25,000 shares of SES AI stock. The stock was sold at an average price of $1.38, for a total value of $34,500.00.

SES AI Trading Up 3.2 %

NYSE:SES opened at $1.63 on Thursday. SES AI Co. has a 12 month low of $1.16 and a 12 month high of $3.21. The business’s 50-day moving average is $1.49 and its 200 day moving average is $1.85. The company has a market capitalization of $578.59 million, a P/E ratio of -10.19 and a beta of 2.64.

SES AI (NYSE:SESGet Free Report) last issued its quarterly earnings data on Monday, February 26th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.02. During the same period in the previous year, the company earned ($0.05) EPS. On average, research analysts forecast that SES AI Co. will post -0.24 earnings per share for the current year.

Institutional Investors Weigh In On SES AI

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Personalized Indexing Management LLC purchased a new stake in SES AI during the third quarter valued at approximately $25,000. Ameritas Investment Partners Inc. purchased a new stake in SES AI during the second quarter valued at approximately $25,000. Russell Investments Group Ltd. purchased a new stake in SES AI during the second quarter valued at approximately $27,000. Sei Investments Co. purchased a new stake in SES AI during the second quarter valued at approximately $27,000. Finally, Verition Fund Management LLC purchased a new stake in SES AI during the fourth quarter valued at approximately $29,000. 29.78% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, William Blair assumed coverage on SES AI in a research report on Monday, December 18th. They issued a “market perform” rating on the stock.

View Our Latest Stock Analysis on SES

SES AI Company Profile

(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.

See Also

Insider Buying and Selling by Quarter for SES AI (NYSE:SES)

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