Insider Selling: SES AI Co. (NYSE:SES) CFO Sells 80,992 Shares of Stock

SES AI Co. (NYSE:SES) CFO Jing Nealis sold 80,992 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $1.17, for a total value of $94,760.64. Following the sale, the chief financial officer now owns 1,841,637 shares of the company’s stock, valued at $2,154,715.29. The trade was a 4.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Thursday, January 16th, Jing Nealis sold 50,000 shares of SES AI stock. The stock was sold at an average price of $1.02, for a total value of $51,000.00.
• On Thursday, December 26th, Jing Nealis sold 150,000 shares of SES AI stock. The stock was sold at an average price of $1.02, for a total value of $153,000.00.

SES AI Price Performance

SES AI stock traded down $0.08 during midday trading on Tuesday, hitting $1.09. 11,050,613 shares of the company were exchanged, compared to its average volume of 35,881,242. The company’s fifty day moving average price is $1.07 and its 200-day moving average price is $0.84. The company has a market cap of $391.23 million, a PE ratio of -4.72 and a beta of 0.28. SES AI Co. has a fifty-two week low of $0.20 and a fifty-two week high of $2.53.

Hedge Funds Weigh In On SES AI

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in SES AI by 8.4% during the 4th quarter. Vanguard Group Inc. now owns 7,847,316 shares of the company’s stock worth $17,186,000 after acquiring an additional 608,676 shares in the last quarter. Geode Capital Management LLC lifted its position in SES AI by 2.8% during the 3rd quarter. Geode Capital Management LLC now owns 3,094,624 shares of the company’s stock worth $1,980,000 after acquiring an additional 83,607 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in SES AI by 4.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,162,112 shares of the company’s stock worth $744,000 after acquiring an additional 46,778 shares in the last quarter. JPMorgan Chase & Co. lifted its position in SES AI by 204.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 182,977 shares of the company’s stock worth $117,000 after acquiring an additional 122,803 shares in the last quarter. Finally, Barclays PLC lifted its position in SES AI by 281.1% during the 3rd quarter. Barclays PLC now owns 171,860 shares of the company’s stock worth $109,000 after acquiring an additional 126,763 shares in the last quarter. 29.78% of the stock is owned by institutional investors and hedge funds.

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.