SES AI Co. (NYSE:SES) CFO Sells $52,500.00 in Stock

SES AI Co. (NYSE:SES) CFO Jing Nealis sold 50,000 shares of SES AI stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $1.05, for a total transaction of $52,500.00. Following the completion of the transaction, the chief financial officer now directly owns 1,979,422 shares in the company, valued at $2,078,393.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

SES AI Price Performance

SES AI stock opened at $1.07 on Monday. SES AI Co. has a 1-year low of $0.81 and a 1-year high of $2.66. The business has a fifty day moving average price of $1.13 and a 200-day moving average price of $1.32. The stock has a market capitalization of $382.00 million, a price-to-earnings ratio of -6.69 and a beta of 2.45.

SES AI (NYSE:SES) last issued its quarterly earnings results on Monday, July 29th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.02). During the same period last year, the business earned ($0.04) earnings per share. On average, equities research analysts anticipate that SES AI Co. will post -0.17 earnings per share for the current fiscal year.

Institutional Trading of SES AI

A number of institutional investors have recently bought and sold shares of SES. Squarepoint Ops LLC increased its stake in SES AI by 1,039.9% during the 2nd quarter. Squarepoint Ops LLC now owns 246,964 shares of the company’s stock valued at $309,000 after purchasing an additional 225,299 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of SES AI by 0.7% during the first quarter. Vanguard Group Inc. now owns 11,830,407 shares of the company’s stock valued at $19,875,000 after buying an additional 82,245 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of SES AI by 20.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 427,944 shares of the company’s stock valued at $535,000 after acquiring an additional 71,794 shares during the period. EntryPoint Capital LLC purchased a new position in SES AI in the 1st quarter worth $88,000. Finally, Renaissance Technologies LLC lifted its position in SES AI by 62.8% during the 2nd 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 period. 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.