DRW Securities LLC Takes Position in SES AI Co. (NYSE:SES)

DRW Securities LLC purchased a new stake in SES AI Co. (NYSE:SES) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 80,900 shares of the company’s stock, valued at approximately $52,000.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of SES AI by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 11,830,407 shares of the company’s stock valued at $19,875,000 after buying an additional 82,245 shares during the period. Bank of New York Mellon Corp boosted its holdings in SES AI by 20.2% in the second quarter. Bank of New York Mellon Corp now owns 427,944 shares of the company’s stock valued at $535,000 after acquiring an additional 71,794 shares during the last quarter. Renaissance Technologies LLC increased its position in SES AI by 62.8% in the second 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 period. Squarepoint Ops LLC raised its holdings in SES AI by 1,039.9% during the 2nd quarter. Squarepoint Ops LLC now owns 246,964 shares of the company’s stock worth $309,000 after purchasing an additional 225,299 shares during the last quarter. Finally, SG Americas Securities LLC lifted its position in SES AI by 91.6% during the 3rd quarter. SG Americas Securities LLC now owns 66,573 shares of the company’s stock valued at $43,000 after purchasing an additional 31,832 shares during the period. Institutional investors own 29.78% of the company’s stock.

Insiders Place Their Bets

In other SES AI news, CFO Jing Nealis sold 32,487 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $1.02, for a total transaction of $33,136.74. Following the sale, the chief financial officer now directly owns 1,979,422 shares in the company, valued at approximately $2,019,010.44. This trade represents a 1.61 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder General Motors Holdings Llc sold 13,332,000 shares of SES AI stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $0.20, for a total transaction of $2,666,400.00. Following the completion of the transaction, the insider now directly 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 16,551,072 shares of company stock worth $5,061,174. Company insiders own 15.07% of the company’s stock.

SES AI Stock Performance

Shares of SES opened at $0.33 on Thursday. The stock has a market cap of $117.80 million, a P/E ratio of -1.42 and a beta of 2.43. SES AI Co. has a 1 year low of $0.20 and a 1 year high of $2.44. The stock’s 50-day moving average price is $0.53 and its two-hundred day moving average price is $0.94.

SES AI (NYSE:SES) last announced its quarterly earnings results on Thursday, October 31st. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.04). During the same quarter last year, the business posted ($0.04) EPS. As a group, equities analysts forecast that SES AI Co. will post -0.23 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $1.50 price target on shares of SES AI in a research report on Tuesday, September 10th. Wolfe Research assumed coverage on shares of SES AI in a research report on Thursday, September 5th. They set an “underperform” rating and a $1.00 target price for the company.

SES AI 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.