Raymond James Financial Inc. Invests $55,000 in SES AI Co. (NYSE:SES)

Raymond James Financial Inc. acquired a new stake in shares of SES AI Co. (NYSE:SES) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 25,000 shares of the company’s stock, valued at approximately $55,000.

Other hedge funds also recently bought and sold shares of the company. Savant Capital LLC purchased a new position in shares of SES AI during the 4th quarter valued at $66,000. Geode Capital Management LLC increased its stake in SES AI by 2.8% in 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 during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of SES AI by 204.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 182,977 shares of the company’s stock valued at $117,000 after acquiring an additional 122,803 shares in the last quarter. 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 valued at $109,000 after acquiring an additional 126,763 shares in the last quarter. Finally, 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 acquiring an additional 46,778 shares during the last quarter. Hedge funds and other institutional investors own 29.78% of the company’s stock.

SES AI Trading Up 14.1 %

SES stock opened at $0.64 on Monday. The company’s 50 day moving average is $0.70 and its 200 day moving average is $0.74. The stock has a market cap of $233.02 million, a price-to-earnings ratio of -2.78 and a beta of 0.56. SES AI Co. has a 1-year low of $0.20 and a 1-year high of $2.53.

SES AI (NYSE:SES) last issued its quarterly earnings results on Tuesday, February 25th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.04). The firm had revenue of $2.04 million for the quarter. As a group, sell-side analysts forecast that SES AI Co. will post -0.23 EPS for the current fiscal year.

Insider Buying and Selling at SES AI

In other SES AI news, CEO Qichao Hu sold 194,459 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $1.17, for a total transaction of $227,517.03. Following the transaction, the chief executive officer now directly owns 2,781,769 shares in the company, valued at $3,254,669.73. This trade represents a 6.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kyle Pilkington sold 44,051 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $1.17, for a total transaction of $51,539.67. Following the completion of the sale, the insider now owns 496,580 shares of the company’s stock, valued at approximately $580,998.60. The trade was a 8.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 397,471 shares of company stock worth $457,541 over the last 90 days. Corporate insiders own 15.07% 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.