SES AI Co. (NYSE:SES) CTO Sells $32,723.73 in Stock

SES AI Co. (NYSE:SES) CTO Kang Xu sold 27,969 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $1.17, for a total value of $32,723.73. Following the completion of the transaction, the chief technology officer now directly owns 444,290 shares of the company’s stock, valued at $519,819.30. This represents a 5.92 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

SES AI Trading Down 0.5 %

Shares of SES AI stock opened at $1.05 on Friday. The business’s 50 day simple moving average is $1.10 and its 200-day simple moving average is $0.85. The stock has a market capitalization of $376.81 million, a price-to-earnings ratio of -4.54 and a beta of 0.28. SES AI Co. has a twelve month low of $0.20 and a twelve month high of $2.53.

Institutional Trading of SES AI

Several large investors have recently added to or reduced their stakes in SES. Vanguard Group Inc. boosted its stake in SES AI by 8.4% during the 4th quarter. Vanguard Group Inc. now owns 7,847,316 shares of the company’s stock valued at $17,186,000 after purchasing an additional 608,676 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of SES AI by 202.8% in the fourth quarter. Renaissance Technologies LLC now owns 665,300 shares of the company’s stock valued at $1,457,000 after purchasing an additional 445,600 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of SES AI by 151.8% during the fourth quarter. JPMorgan Chase & Co. now owns 460,665 shares of the company’s stock worth $1,009,000 after acquiring an additional 277,688 shares in the last quarter. Anson Funds Management LP purchased a new stake in shares of SES AI during the third quarter worth $108,000. Finally, Geode Capital Management LLC raised its holdings in SES AI by 5.4% during the fourth quarter. Geode Capital Management LLC now owns 3,260,213 shares of the company’s stock valued at $7,141,000 after buying an additional 165,589 shares in the last quarter. 29.78% of the stock is currently owned by institutional investors and hedge funds.

SES AI Company Profile

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.