SES AI Co. (NYSE:SES) CFO Jing Nealis Sells 80,992 Shares

SES AI Co. (NYSE:SES) CFO Jing Nealis sold 80,992 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $1.17, for a total value of $94,760.64. Following the completion of the sale, the chief financial officer now directly owns 1,841,637 shares of the company’s stock, valued at approximately $2,154,715.29. This trade represents a 4.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Jing Nealis also recently made the following trade(s):

• On Thursday, January 16th, Jing Nealis sold 50,000 shares of SES AI stock. The stock was sold at an average price of $1.02, for a total transaction of $51,000.00.
• On Thursday, December 26th, Jing Nealis sold 150,000 shares of SES AI stock. The stock was sold at an average price of $1.02, for a total transaction of $153,000.00.

SES AI Stock Down 6.5 %

Shares of SES stock opened at $1.09 on Wednesday. The firm has a market capitalization of $391.23 million, a price-to-earnings ratio of -4.72 and a beta of 0.28. SES AI Co. has a 12-month low of $0.20 and a 12-month high of $2.53. The firm has a fifty day moving average of $1.07 and a 200-day moving average of $0.84.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of 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. Geode Capital Management LLC lifted its stake in SES AI by 2.8% in the third quarter. Geode Capital Management LLC now owns 3,094,624 shares of the company’s stock valued at $1,980,000 after buying an additional 83,607 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake 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 valued at $744,000 after buying an additional 46,778 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of SES AI by 204.1% in the third quarter. JPMorgan Chase & Co. now owns 182,977 shares of the company’s stock valued at $117,000 after buying an additional 122,803 shares during the period. Finally, Barclays PLC increased its position in shares of SES AI by 281.1% during the third quarter. Barclays PLC now owns 171,860 shares of the company’s stock worth $109,000 after acquiring an additional 126,763 shares in the last quarter. 29.78% of the stock is 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.