SES AI Co. (NYSE:SES) CFO Jing Nealis Sells 50,000 Shares

SES AI Co. (NYSE:SES) CFO Jing Nealis sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $1.02, for a total transaction 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 sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Thursday, December 26th, Jing Nealis sold 150,000 shares of SES AI stock. The shares were sold at an average price of $1.02, for a total value of $153,000.00.

SES AI Trading Down 11.0 %

SES traded down $0.11 on Friday, hitting $0.93. 51,394,362 shares of the company’s stock traded hands, compared to its average volume of 34,610,996. The firm has a market cap of $333.90 million, a price-to-earnings ratio of -4.03 and a beta of 0.37. SES AI Co. has a one year low of $0.20 and a one year high of $2.53. The company’s 50 day simple moving average is $0.80 and its 200-day simple moving average is $0.86.

SES AI (NYSE:SES) last issued its quarterly earnings data on Thursday, October 31st. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.04). During the same quarter in the prior year, the firm earned ($0.04) EPS. As a group, equities analysts anticipate that SES AI Co. will post -0.23 EPS for the current fiscal year.

Institutional Trading of SES AI

Hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC boosted its position in SES AI by 2.8% in the 3rd 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 during the period. Barclays PLC increased its position in SES AI by 281.1% in the 3rd quarter. Barclays PLC now owns 171,860 shares of the company’s stock valued at $109,000 after acquiring an additional 126,763 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of 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 acquiring an additional 46,778 shares in the last quarter. Renaissance Technologies LLC increased its position 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 purchasing an additional 46,800 shares during the period. Finally, Bank of New York Mellon Corp raised its position in SES AI by 20.2% in the second quarter. Bank of New York Mellon Corp now owns 427,944 shares of the company’s stock worth $535,000 after acquiring an additional 71,794 shares in the last quarter. Institutional investors and hedge funds own 29.78% of the company’s stock.

About SES AI

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.