SES AI Corporation $SES Stake Increased by Renaissance Technologies LLC

Renaissance Technologies LLC increased its holdings in shares of SES AI Corporation (NYSE:SES) by 57.2% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 4,596,252 shares of the company’s stock after purchasing an additional 1,671,610 shares during the quarter. Renaissance Technologies LLC’s holdings in SES AI were worth $4,422,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of SES. Hudson Bay Capital Management LP purchased a new stake in SES AI in the 2nd quarter worth about $31,000. Dimensional Fund Advisors LP boosted its position in SES AI by 272.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 943,138 shares of the company’s stock worth $906,000 after acquiring an additional 689,974 shares during the period. State of Wyoming purchased a new position in SES AI during the 1st quarter valued at about $26,000. Kestra Advisory Services LLC increased its holdings in shares of SES AI by 51.3% in the 1st quarter. Kestra Advisory Services LLC now owns 396,185 shares of the company’s stock valued at $381,000 after purchasing an additional 134,300 shares during the period. Finally, SG Americas Securities LLC increased its holdings in shares of SES AI by 251.4% in the 1st quarter. SG Americas Securities LLC now owns 50,836 shares of the company’s stock valued at $49,000 after purchasing an additional 36,371 shares during the period. 29.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SES has been the subject of a number of research analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of SES AI in a research report on Friday, July 17th. 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. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $1.40 price objective on shares of SES AI in a research note on Monday, April 27th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $2.70.

SES AI Trading Down 1.2%

SES opened at $0.51 on Friday. The stock has a fifty day moving average price of $0.87 and a 200 day moving average price of $1.20. SES AI Corporation has a 1 year low of $0.49 and a 1 year high of $3.73. The stock has a market cap of $185.14 million, a price-to-earnings ratio of -2.30 and a beta of 1.01.

Insider Buying and Selling at SES AI

In other news, insider Kyle Pilkington sold 25,000 shares of the firm’s stock in a transaction dated 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 trade represents a 2.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 13.80% of the stock is owned by company insiders.

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.