SES AI Co. (NYSE:SES) CTO Sells $32,723.73 in Stock

SES AI Co. (NYSE:SES) CTO Kang Xu sold 27,969 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 transaction of $32,723.73. Following the sale, the chief technology officer now owns 444,290 shares in the company, valued at $519,819.30. This trade represents a 5.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

SES AI Price Performance

NYSE SES opened at $1.05 on Thursday. SES AI Co. has a 12 month low of $0.20 and a 12 month high of $2.53. The firm has a market capitalization of $378.61 million, a PE ratio of -4.57 and a beta of 0.28. The company’s 50 day simple moving average is $1.08 and its 200 day simple moving average is $0.85.

Hedge Funds Weigh In On SES AI

Several hedge funds have recently modified their holdings of SES. Vanguard Group Inc. boosted its stake in SES AI by 8.4% during the fourth quarter. Vanguard Group Inc. now owns 7,847,316 shares of the company’s stock valued at $17,186,000 after buying an additional 608,676 shares in the last quarter. Geode Capital Management LLC lifted its holdings in SES AI by 5.4% in the 4th quarter. Geode Capital Management LLC now owns 3,260,213 shares of the company’s stock valued at $7,141,000 after acquiring an additional 165,589 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of 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 valued at $744,000 after purchasing an additional 46,778 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of SES AI by 151.8% in the 4th quarter. JPMorgan Chase & Co. now owns 460,665 shares of the company’s stock worth $1,009,000 after purchasing an additional 277,688 shares during the last quarter. Finally, Barclays PLC raised its holdings in shares of SES AI by 281.1% in the 3rd quarter. Barclays PLC now owns 171,860 shares of the company’s stock worth $109,000 after purchasing an additional 126,763 shares in the last quarter. 29.78% of the stock is currently owned by institutional investors and hedge funds.

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.