Insider Selling: SES AI Co. (NYSE:SES) CFO Sells $153,000.00 in Stock

SES AI Co. (NYSE:SES) CFO Jing Nealis sold 150,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $1.02, for a total transaction of $153,000.00. Following the transaction, the chief financial officer now owns 1,935,322 shares in the company, valued at approximately $1,974,028.44. This trade represents a 7.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

SES AI Price Performance

SES AI stock opened at $2.39 on Monday. The business has a 50 day simple moving average of $0.49 and a 200-day simple moving average of $0.83. SES AI Co. has a 12 month low of $0.20 and a 12 month high of $2.47. The stock has a market capitalization of $861.80 million, a PE ratio of -10.39 and a beta of 2.27.

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

Institutional Investors Weigh In On SES AI

Hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its position in SES AI by 20.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 427,944 shares of the company’s stock worth $535,000 after purchasing an additional 71,794 shares during the period. Renaissance Technologies LLC grew its holdings in SES AI by 62.8% during 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 period. Squarepoint Ops LLC raised its position in SES AI by 1,039.9% in the second quarter. Squarepoint Ops LLC now owns 246,964 shares of the company’s stock worth $309,000 after acquiring an additional 225,299 shares in the last quarter. SG Americas Securities LLC lifted its holdings in SES AI by 91.6% in 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 period. 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 worth $744,000 after purchasing an additional 46,778 shares in the last quarter. Institutional investors and hedge funds own 29.78% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on SES shares. Wolfe Research initiated coverage on shares of SES AI in a research report on Thursday, September 5th. They set an “underperform” rating and a $1.00 price objective on the stock. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $1.50 price target on shares of SES AI in a report on Tuesday, September 10th.

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.