761,033 Shares in SES AI Corporation $SES Acquired by XTX Topco Ltd

Key Points

• XTX Topco Ltd bought a new position of 761,033 shares in SES AI (NYSE:SES) during Q2—about 0.21% of the company and valued at roughly $676,000.
• Insider Hong Gan sold 150,000 shares at $1.90 on Nov. 17, reducing their stake by 10.69% (now 1,253,286 shares); corporate insiders own about 13.8% of SES.
• Analyst sentiment is mixed: Cantor Fitzgerald raised its target to $4 and gave an "overweight" rating, while the MarketBeat consensus is "Hold" (avg. target $4); SES reported $7.12M in revenue (beat) but missed EPS at ($0.06) and continues to show negative margins.

XTX Topco Ltd purchased a new position in shares of SES AI Corporation (NYSE:SES - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 761,033 shares of the company's stock, valued at approximately $676,000. XTX Topco Ltd owned approximately 0.21% of SES AI as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of SES. Vanguard Personalized Indexing Management LLC grew its stake in shares of SES AI by 136.5% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 38,006 shares of the company's stock valued at $34,000 after buying an additional 21,934 shares during the period. Callan Family Office LLC bought a new position in SES AI in the second quarter worth approximately $38,000. Y Intercept Hong Kong Ltd acquired a new stake in SES AI in the second quarter valued at approximately $41,000. CWM LLC increased its holdings in shares of SES AI by 1,427.9% during the first quarter. CWM LLC now owns 55,462 shares of the company's stock valued at $29,000 after acquiring an additional 51,832 shares in the last quarter. Finally, Savant Capital LLC increased its holdings in shares of SES AI by 32.1% during the second quarter. Savant Capital LLC now owns 58,118 shares of the company's stock valued at $52,000 after acquiring an additional 14,118 shares in the last quarter. Institutional investors own 29.78% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on SES shares. Cantor Fitzgerald increased their target price on SES AI from $2.00 to $4.00 and gave the stock an "overweight" rating in a report on Thursday, November 6th. Weiss Ratings restated a "sell (d-)" rating on shares of SES AI in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, SES AI currently has a consensus rating of "Hold" and an average target price of $4.00.

Insider Activity at SES AI

In related news, insider Hong Gan sold 150,000 shares of the business's stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $1.90, for a total transaction of $285,000.00. Following the transaction, the insider directly owned 1,253,286 shares in the company, valued at approximately $2,381,243.40. The trade was a 10.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 13.80% of the stock is currently owned by corporate insiders.

SES AI Stock Down 1.9%

SES stock opened at $1.84 on Wednesday. The firm has a market capitalization of $669.90 million, a PE ratio of -6.55 and a beta of 0.56. SES AI Corporation has a twelve month low of $0.35 and a twelve month high of $3.73. The stock's 50 day moving average is $2.29 and its 200-day moving average is $1.50.

SES AI (NYSE:SES - Get Free Report) last released its quarterly earnings results on Wednesday, November 5th. The company reported ($0.06) EPS for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.01). SES AI had a negative net margin of 490.03% and a negative return on equity of 35.31%. The company had revenue of $7.12 million during the quarter, compared to analysts' expectations of $4.58 million. On average, equities research analysts anticipate that SES AI Corporation will post -0.23 earnings per share for the current fiscal year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.