Insider Selling: SES AI (NYSE:SES) Insider Sells $30,000.00 in Stock

SES AI Corporation (NYSE:SES) insider Kyle Pilkington sold 25,000 shares of the stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $1.20, for a total value of $30,000.00. Following the completion of the sale, the insider directly owned 1,023,548 shares in the company, valued at $1,228,257.60. This 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 can be accessed through the SEC website. 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 value of $30,000.00.

SES AI Price Performance

Shares of NYSE SES opened at $1.31 on Friday. SES AI Corporation has a 1-year low of $0.80 and a 1-year high of $3.73. The firm has a market capitalization of $478.44 million, a PE ratio of -5.93 and a beta of 0.84. The business’s fifty day moving average price is $1.08 and its two-hundred day moving average price is $1.61.

SES AI (NYSE:SES) last released its quarterly earnings results on Thursday, April 23rd. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $6.71 million during the quarter, compared to the consensus estimate of $3.65 million. Equities research analysts expect that SES AI Corporation will post -0.16 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SES. CTC Alternative Strategies Ltd. bought a new position in SES AI during the first quarter valued at about $26,000. State of Wyoming bought a new position in SES AI during the first quarter valued at about $26,000. Gainplan LLC bought a new position in SES AI during the fourth quarter valued at about $30,000. Hudson Bay Capital Management LP bought a new position in SES AI during the second quarter valued at about $31,000. Finally, SummitTX Capital L.P. bought a new position in SES AI during the first quarter valued at about $33,000. Institutional investors own 29.78% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Cantor Fitzgerald reissued an “overweight” rating on shares of SES AI in a research note on Thursday, March 5th. Wall Street Zen raised SES AI from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of SES AI in a research note on Monday, April 20th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $1.40 price target on shares of SES AI in a research note on Monday, April 27th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, SES AI currently has an average rating of “Hold” and an average target price of $2.70.

SES AI News Summary

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

• Negative Sentiment: Several law firms, including Rosen, Faruqi & Faruqi, Glancy Prongay Wolke & Rotter, Schall, Bragar Eagel & Squire, and others, issued fresh reminders about the pending SES AI securities class action and the June 26 lead-plaintiff deadline, extending the stock’s legal overhang. Article Title
• Negative Sentiment: The lawsuits continue to highlight allegations that SES AI’s revenue guidance and earlier statements were overly optimistic, with one notice specifically referencing weak revenue guidance and a sharp prior stock decline, which may reinforce bearish sentiment. Article Title
• Neutral Sentiment: One insider sale by Kyle Pilkington of 25,000 shares was disclosed, but it was executed under a pre-arranged Rule 10b5-1 trading plan, making it less informative as a near-term signal on operating performance. Article Title

SES AI Company 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.