SES AI (NYSE:SES) Trading 7.3% Higher

SES AI Co. (NYSE:SES) shot up 7.3% during trading on Tuesday . The stock traded as high as $1.69 and last traded at $1.69. 130,604 shares traded hands during trading, a decline of 76% from the average session volume of 552,128 shares. The stock had previously closed at $1.57.

Analyst Ratings Changes

Separately, William Blair started coverage on shares of SES AI in a report on Monday, December 18th. They set a “market perform” rating for the company.

SES AI Price Performance

The stock’s 50 day moving average price is $1.47 and its 200-day moving average price is $1.87.

SES AI (NYSE:SES) last announced its quarterly earnings results on Monday, February 26th. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.02. During the same period in the previous year, the business posted ($0.05) earnings per share. As a group, research analysts anticipate that SES AI Co. will post -0.24 EPS for the current year.

Insiders Place Their Bets

In other news, insider Hong Gan sold 25,000 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $1.38, for a total transaction of $34,500.00. Following the completion of the sale, the insider now owns 451,273 shares of the company’s stock, valued at $622,756.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In the last three months, insiders sold 75,000 shares of company stock worth $123,000. Corporate insiders own 15.39% of the company’s stock.

Institutional Trading of SES AI

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in SES AI by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 11,748,162 shares of the company’s stock worth $21,499,000 after acquiring an additional 142,533 shares during the period. Goldman Sachs Group Inc. increased its holdings in SES AI by 4.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 174,062 shares of the company’s stock valued at $319,000 after purchasing an additional 7,095 shares during the last quarter. Barclays PLC lifted its stake in SES AI by 394.0% during the 4th quarter. Barclays PLC now owns 189,541 shares of the company’s stock worth $347,000 after acquiring an additional 151,171 shares in the last quarter. Nuveen Asset Management LLC grew its position in SES AI by 2.6% in the 4th quarter. Nuveen Asset Management LLC now owns 447,677 shares of the company’s stock valued at $819,000 after acquiring an additional 11,140 shares in the last quarter. Finally, Kestra Advisory Services LLC increased its stake in SES AI by 68.5% during the fourth quarter. Kestra Advisory Services LLC now owns 71,100 shares of the company’s stock worth $130,000 after purchasing an additional 28,900 shares during the period. Hedge funds and other institutional investors own 29.78% of the company’s stock.

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.