SES AI Co. (NYSE:SES) CFO Jing Nealis Sells 50,000 Shares

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

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 Stock Down 11.0 %

Shares of SES AI stock traded down $0.11 during trading on Friday, hitting $0.93. The stock had a trading volume of 51,394,362 shares, compared to its average volume of 34,610,996. The stock has a 50 day simple moving average of $0.80 and a 200 day simple moving average of $0.86. The company has a market capitalization of $333.90 million, a PE ratio of -4.03 and a beta of 0.37. SES AI Co. has a 1 year low of $0.20 and a 1 year high of $2.53.

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

Hedge Funds Weigh In On SES AI

Institutional investors and hedge funds have recently modified their holdings of the business. Bank of New York Mellon Corp grew its stake in SES AI by 20.2% in the second quarter. Bank of New York Mellon Corp now owns 427,944 shares of the company’s stock valued at $535,000 after purchasing an additional 71,794 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of SES AI by 62.8% in the second quarter. Renaissance Technologies LLC now owns 121,300 shares of the company’s stock worth $152,000 after acquiring an additional 46,800 shares during the last quarter. Squarepoint Ops LLC grew its holdings in shares of SES AI by 1,039.9% during the second quarter. Squarepoint Ops LLC now owns 246,964 shares of the company’s stock worth $309,000 after purchasing an additional 225,299 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of SES AI by 91.6% during the third quarter. SG Americas Securities LLC now owns 66,573 shares of the company’s stock valued at $43,000 after acquiring an additional 31,832 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of SES AI by 4.2% in 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 during the last quarter. 29.78% of the stock is currently 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.