Insider Selling: SES AI Co. (NYSE:SES) CEO Sells $227,517.03 in Stock

SES AI Co. (NYSE:SES) CEO Qichao Hu sold 194,459 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 transaction of $227,517.03. Following the completion of the sale, the chief executive officer now owns 2,781,769 shares of the company’s stock, valued at $3,254,669.73. This trade 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 available at this link.

SES AI Stock Down 0.5 %

Shares of NYSE SES opened at $1.05 on Friday. The firm has a 50-day simple moving average of $1.10 and a 200-day simple moving average of $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 52 week low of $0.20 and a 52 week high of $2.53.

Institutional Investors Weigh In On SES AI

Several hedge funds and other institutional investors have recently bought and sold shares of SES. Vanguard Group Inc. increased its position in SES AI by 8.4% during the fourth quarter. Vanguard Group Inc. now owns 7,847,316 shares of the company’s stock worth $17,186,000 after purchasing an additional 608,676 shares during the last quarter. Renaissance Technologies LLC increased its position in SES AI by 202.8% during the fourth quarter. Renaissance Technologies LLC now owns 665,300 shares of the company’s stock worth $1,457,000 after purchasing an additional 445,600 shares during the last quarter. JPMorgan Chase & Co. increased its position in 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 purchasing an additional 277,688 shares during the last quarter. Anson Funds Management LP acquired a new stake in SES AI during the third quarter worth about $108,000. Finally, Geode Capital Management LLC increased its position 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 worth $7,141,000 after purchasing an additional 165,589 shares during 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.