SES AI Co. (NYSE:SES – Get Free Report) CEO Qichao Hu sold 194,459 shares of SES AI stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $1.17, for a total transaction of $227,517.03. Following the sale, the chief executive officer now owns 2,781,769 shares of the company’s stock, valued at approximately $3,254,669.73. This 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 accessible through the SEC website.
SES AI Price Performance
Shares of SES opened at $1.05 on Friday. SES AI Co. has a 1-year low of $0.20 and a 1-year high of $2.53. The stock has a market cap of $376.81 million, a PE ratio of -4.54 and a beta of 0.28. The firm has a 50-day simple moving average of $1.10 and a two-hundred day simple moving average of $0.85.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in SES. CIBC Asset Management Inc purchased a new position in shares of SES AI in the fourth quarter valued at approximately $25,000. Optas LLC purchased a new position in shares of SES AI in the fourth quarter valued at approximately $27,000. Cibc World Markets Corp purchased a new position in shares of SES AI in the fourth quarter valued at approximately $27,000. XTX Topco Ltd purchased a new position in shares of SES AI in the third quarter valued at approximately $28,000. Finally, SBI Securities Co. Ltd. purchased a new position in shares of SES AI in the fourth quarter valued at approximately $30,000. Hedge funds and other institutional investors own 29.78% 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.
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