SES AI Co. (NYSE:SES) CFO Sells $51,000.00 in Stock

SES AI Co. (NYSE:SES) CFO Jing Nealis sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $1.02, for a total value of $51,000.00. Following the completion of the transaction, the chief financial officer now directly owns 1,935,322 shares in the company, valued at $1,974,028.44. The trade was a 2.52 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Jing Nealis also recently made the following trade(s):

• On Thursday, December 26th, Jing Nealis sold 150,000 shares of SES AI stock. The shares were sold at an average price of $1.02, for a total value of $153,000.00.

SES AI Trading Down 11.0 %

SES AI stock opened at $0.93 on Friday. SES AI Co. has a 12 month low of $0.20 and a 12 month high of $2.53. The stock’s 50 day moving average is $0.81 and its 200-day moving average is $0.86. The company has a market capitalization of $333.90 million, a price-to-earnings ratio of -4.03 and a beta of 0.37.

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

Institutional Investors Weigh In On SES AI

A number of large investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC grew its position in SES AI by 91.6% during the third quarter. SG Americas Securities LLC now owns 66,573 shares of the company’s stock worth $43,000 after buying an additional 31,832 shares in the last quarter. XTX Topco Ltd acquired a new stake in SES AI during the third quarter worth approximately $28,000. Charles Schwab Investment Management Inc. grew its position in SES AI by 4.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,162,112 shares of the company’s stock worth $744,000 after buying an additional 46,778 shares in the last quarter. Renaissance Technologies LLC grew its position in SES AI by 62.8% during the second quarter. Renaissance Technologies LLC now owns 121,300 shares of the company’s stock worth $152,000 after buying an additional 46,800 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in SES AI by 20.2% during the second quarter. Bank of New York Mellon Corp now owns 427,944 shares of the company’s stock worth $535,000 after buying an additional 71,794 shares in the last quarter. 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.