Investors Purchase High Volume of SES AI Call Options (NYSE:SES)

SES AI Co. (NYSE:SES) was the target of unusually large options trading activity on Tuesday. Traders acquired 5,279 call options on the stock. This is an increase of approximately 2,566% compared to the typical daily volume of 198 call options.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SES. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $1.50 target price on shares of SES AI in a research report on Tuesday, September 10th. Wolfe Research assumed coverage on SES AI in a report on Thursday, September 5th. They set an “underperform” rating and a $1.00 price objective on the stock.

Insider Transactions at SES AI

In other SES AI news, major shareholder General Motors Holdings Llc sold 13,332,000 shares of SES AI stock in a transaction on Friday, November 15th. The stock was sold at an average price of $0.20, for a total value of $2,666,400.00. Following the completion of the transaction, the insider now owns 9,843,622 shares in the company, valued at approximately $1,968,724.40. The trade was a 57.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Sk Inc. sold 71,176 shares of the stock in a transaction on Monday, September 30th. The stock was sold at an average price of $0.70, for a total value of $49,823.20. Following the sale, the insider now owns 41,936,583 shares in the company, valued at $29,355,608.10. The trade was a 0.17 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 15,032,037 shares of company stock valued at $3,706,540. 15.07% of the stock is owned by insiders.

Institutional Trading of SES AI

Institutional investors and hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC boosted its position in shares of SES AI by 62.8% in the 2nd quarter. Renaissance Technologies LLC now owns 121,300 shares of the company’s stock worth $152,000 after purchasing an additional 46,800 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in SES AI by 4.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,162,112 shares of the company’s stock worth $744,000 after buying an additional 46,778 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of SES AI by 20.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 427,944 shares of the company’s stock worth $535,000 after buying an additional 71,794 shares during the period. Squarepoint Ops LLC increased its stake in shares of SES AI by 1,039.9% in the 2nd quarter. Squarepoint Ops LLC now owns 246,964 shares of the company’s stock valued at $309,000 after acquiring an additional 225,299 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in shares of SES AI by 91.6% in the 3rd quarter. SG Americas Securities LLC now owns 66,573 shares of the company’s stock valued at $43,000 after acquiring an additional 31,832 shares during the period. Institutional investors own 29.78% of the company’s stock.

SES AI Stock Up 36.3 %

Shares of SES stock opened at $0.71 on Thursday. SES AI has a 12 month low of $0.20 and a 12 month high of $2.02. The firm has a market cap of $256.02 million, a price-to-earnings ratio of -3.09 and a beta of 2.27. The stock has a 50-day moving average price of $0.44 and a 200 day moving average price of $0.82.

SES AI (NYSE:SES) last issued its quarterly earnings results on Thursday, October 31st. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.04). During the same period in the prior year, the business posted ($0.04) EPS. Sell-side analysts predict that SES AI will post -0.23 earnings per share for the current fiscal year.

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.