SES AI Co. (NYSE:SES) Insider Rohit Makharia Sells 82,750 Shares of Stock

SES AI Co. (NYSE:SESGet Rating) insider Rohit Makharia sold 82,750 shares of the firm’s stock in a transaction dated Thursday, November 17th. The shares were sold at an average price of $4.97, for a total value of $411,267.50. Following the completion of the sale, the insider now directly owns 279,329 shares in the company, valued at $1,388,265.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

SES AI Stock Performance

Shares of SES opened at $4.53 on Tuesday. The stock’s fifty day moving average price is $5.32 and its two-hundred day moving average price is $5.16. SES AI Co. has a 1 year low of $3.61 and a 1 year high of $10.64.

Institutional Trading of SES AI

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Penserra Capital Management LLC bought a new stake in shares of SES AI during the 1st quarter valued at $31,000. 1832 Asset Management L.P. bought a new stake in shares of SES AI during the 1st quarter valued at $37,000. Ensign Peak Advisors Inc bought a new stake in shares of SES AI during the 3rd quarter valued at $43,000. Royal Bank of Canada purchased a new position in SES AI during the first quarter worth about $52,000. Finally, Rhumbline Advisers purchased a new position in SES AI during the second quarter worth about $55,000. 24.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SES. Cowen began coverage on SES AI in a research report on Monday, October 31st. They set a “market perform” rating for the company. Deutsche Bank Aktiengesellschaft assumed coverage on SES AI in a research note on Wednesday, September 14th. They issued a “hold” rating and a $7.00 price objective for the company. Finally, Cowen assumed coverage on SES AI in a research report on Monday, October 31st. They set a “market perform” rating on the stock.

SES AI Company Profile

(Get Rating)

SES AI Corporation engages in the development and production of high-performance Lithium-metal rechargeable batteries for electric vehicles and other applications. The company was founded in 2012 and is headquartered in Boston, Massachusetts.

See Also

Insider Buying and Selling by Quarter for SES AI (NYSE:SES)

Receive News & Ratings for SES AI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SES AI and related companies with MarketBeat.com's FREE daily email newsletter.