LexAurum Advisors LLC Makes New $55,000 Investment in SES AI Co. (NYSE:SES)

LexAurum Advisors LLC bought a new stake in SES AI Co. (NYSE:SES) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 25,000 shares of the company’s stock, valued at approximately $55,000.

Several other large investors have also modified their holdings of the stock. Renaissance Technologies LLC lifted its holdings in SES AI by 62.8% during the 2nd quarter. Renaissance Technologies LLC now owns 121,300 shares of the company’s stock worth $152,000 after buying an additional 46,800 shares during the last quarter. Squarepoint Ops LLC raised its position in shares of SES AI by 1,039.9% during the 2nd quarter. Squarepoint Ops LLC now owns 246,964 shares of the company’s stock valued at $309,000 after acquiring an additional 225,299 shares in the last quarter. SG Americas Securities LLC lifted its stake in SES AI by 91.6% during the third quarter. SG Americas Securities LLC now owns 66,573 shares of the company’s stock worth $43,000 after purchasing an additional 31,832 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in SES AI by 4.2% in the third 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 during the period. Finally, DRW Securities LLC bought a new stake in SES AI during the third quarter valued at $52,000. Institutional investors own 29.78% of the company’s stock.

Insider Buying and Selling

In other SES AI news, CFO Jing Nealis sold 50,000 shares of the company’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $1.02, for a total value of $51,000.00. Following the completion of the transaction, the chief financial officer now owns 1,935,322 shares in the company, valued at approximately $1,974,028.44. This represents a 2.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder General Motors Holdings Llc sold 13,332,000 shares of SES AI stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $0.20, for a total value of $2,666,400.00. Following the sale, the insider now directly owns 9,843,622 shares in the company, valued at approximately $1,968,724.40. This trade represents a 57.53 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,532,000 shares of company stock valued at $2,870,400. Insiders own 15.07% of the company’s stock.

SES AI Stock Performance

SES AI stock opened at $1.13 on Friday. SES AI Co. has a 1 year low of $0.20 and a 1 year high of $2.53. The firm’s 50-day moving average is $0.87 and its 200-day moving average is $0.86. The company has a market cap of $406.01 million, a P/E ratio of -4.90 and a beta of 0.37.

SES AI (NYSE:SES) last issued its earnings results on Thursday, October 31st. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.04). During the same period in the previous year, the company earned ($0.04) EPS. As a group, sell-side analysts predict that SES AI Co. will post -0.23 earnings per share for the current year.

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.