SES AI Co. (NYSE:SES) Insider Sells $51,539.67 in Stock

SES AI Co. (NYSE:SES) insider Kyle Pilkington sold 44,051 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $1.17, for a total transaction of $51,539.67. Following the sale, the insider now directly owns 496,580 shares in the company, valued at $580,998.60. This trade represents a 8.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

SES AI Price Performance

Shares of NYSE:SES opened at $1.05 on Friday. The company’s 50-day moving average price is $1.10 and its two-hundred day moving average price is $0.85. SES AI Co. has a one year low of $0.20 and a one year high of $2.53. The stock has a market capitalization of $376.81 million, a PE ratio of -4.54 and a beta of 0.28.

Institutional Investors Weigh In On SES AI

Institutional investors and hedge funds have recently modified their holdings of the company. CIBC Asset Management Inc bought a new stake in shares of SES AI in the 4th quarter valued at about $25,000. Optas LLC bought a new stake in shares of SES AI in the 4th quarter valued at about $27,000. Cibc World Markets Corp bought a new stake in shares of SES AI in the 4th quarter valued at about $27,000. XTX Topco Ltd bought a new stake in shares of SES AI in the 3rd quarter valued at about $28,000. Finally, SBI Securities Co. Ltd. bought a new stake in shares of SES AI in the 4th quarter valued at about $30,000. 29.78% of the stock is owned by institutional investors.

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.