Insider Selling: SES AI (NYSE:SES) Insider Sells 25,000 Shares of Stock

Key Points

• SES AI insider Kyle Pilkington sold 25,000 shares on May 22 at an average price of $1.20, for a total of $30,000. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
• Following the transaction, Pilkington still directly owned 1,023,548 shares, valued at about $1.23 million, reflecting a 2.38% decrease in his stake. He had also sold the same amount of stock in a prior March transaction.
• SES AI shares were trading around $1.28, up 2.0%, but the company remains under pressure after a recent earnings miss and ongoing class-action lawsuit risk. Analysts currently rate the stock a consensus Hold.

SES AI Corporation (NYSE:SES - Get Free Report) insider Kyle Pilkington sold 25,000 shares of the business's stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $1.20, for a total transaction of $30,000.00. Following the completion of the sale, the insider directly owned 1,023,548 shares of the company's stock, valued at $1,228,257.60. This represents a 2.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 transaction of $30,000.00.

SES AI Stock Up 2.0%

SES stock traded up $0.03 during trading hours on Wednesday, hitting $1.28. The company's stock had a trading volume of 10,176,179 shares, compared to its average volume of 8,617,210. The company has a market capitalization of $467.45 million, a PE ratio of -5.80 and a beta of 0.84. SES AI Corporation has a 12 month low of $0.80 and a 12 month high of $3.73. The stock has a 50 day moving average price of $1.07 and a two-hundred day moving average price of $1.62.

SES AI (NYSE:SES - Get Free Report) last posted its earnings results on Thursday, April 23rd. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.02). The business had revenue of $6.71 million during the quarter, compared to the consensus estimate of $3.65 million. SES AI had a negative return on equity of 28.65% and a negative net margin of 331.72%. Sell-side analysts expect that SES AI Corporation will post -0.16 earnings per share for the current year.

Trending Headlines about SES AI

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

• Negative Sentiment: Multiple law firms, including Rosen, Kahn Swick & Foti, Bronstein Gewirtz & Grossman, Faruqi & Faruqi, Berger Montague, Pomerantz, and The Gross Law Firm, issued class-action reminders and lead-plaintiff deadline notices for SES AI investors, underscoring ongoing litigation risk. Article Title
• Negative Sentiment: The lawsuit publicity centers on allegations of weak revenue guidance, missed expectations, and a sharp stock decline, suggesting investor concern that SES AI may have overstated its growth prospects. Article Title
• Negative Sentiment: One shareholder alert alleges phantom partnerships, circular revenue schemes, and commercialization claims that did not match reality, which could further damage confidence in management and the company’s business execution. Article Title

Institutional Trading of SES AI

A number of institutional investors and hedge funds have recently modified their holdings of SES. Invesco Ltd. lifted its stake in shares of SES AI by 563.9% in the fourth quarter. Invesco Ltd. now owns 6,814,389 shares of the company's stock worth $12,266,000 after buying an additional 5,788,018 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of SES AI by 3,649.5% in the fourth quarter. Renaissance Technologies LLC now owns 2,924,642 shares of the company's stock worth $5,264,000 after buying an additional 2,846,642 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of SES AI by 2,434.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,850,956 shares of the company's stock worth $5,132,000 after buying an additional 2,738,489 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of SES AI by 21.1% in the third quarter. Vanguard Group Inc. now owns 11,083,010 shares of the company's stock worth $18,509,000 after buying an additional 1,927,945 shares during the last quarter. Finally, State Street Corp lifted its stake in shares of SES AI by 150.2% in the fourth quarter. State Street Corp now owns 2,886,991 shares of the company's stock worth $5,197,000 after buying an additional 1,733,209 shares during the last quarter. 29.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have commented on SES shares. Cantor Fitzgerald reissued an "overweight" rating on shares of SES AI in a research report on Thursday, March 5th. Wall Street Zen raised shares of SES AI from a "strong sell" rating to a "sell" rating in a research report on Saturday, May 9th. Weiss Ratings restated a "sell (d-)" rating on shares of SES AI in a research note on Monday, April 20th. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $1.40 price objective 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 given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, SES AI presently has a consensus rating of "Hold" and an average price target of $2.70.

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.

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