Qichao Hu Sells 194,459 Shares of SES AI Co. (NYSE:SES) Stock

SES AI Co. (NYSE:SES) CEO Qichao Hu sold 194,459 shares of the company’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $1.17, for a total transaction of $227,517.03. Following the completion of the transaction, the chief executive officer now directly owns 2,781,769 shares of the company’s stock, valued at approximately $3,254,669.73. The trade was a 6.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

SES AI Price Performance

SES opened at $1.05 on Thursday. The company has a market capitalization of $378.61 million, a price-to-earnings ratio of -4.57 and a beta of 0.28. The business’s 50-day moving average price is $1.08 and its two-hundred day moving average price is $0.85. SES AI Co. has a 1 year low of $0.20 and a 1 year high of $2.53.

Institutional Investors Weigh In On SES AI

A number of hedge funds and other institutional investors have recently bought and sold shares of SES. CIBC Asset Management Inc acquired a new position in SES AI during the 4th quarter worth approximately $25,000. Optas LLC bought a new stake in shares of SES AI in the fourth quarter worth $27,000. Cibc World Markets Corp acquired a new position in SES AI during the fourth quarter worth $27,000. XTX Topco Ltd bought a new position in SES AI in the third quarter valued at $28,000. Finally, SBI Securities Co. Ltd. acquired a new stake in SES AI in the 4th quarter valued at $30,000. Institutional investors and hedge funds own 29.78% of the company’s stock.

About SES AI

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.