Insider Selling: SES AI Co. (NYSE:SES) CFO Sells 150,000 Shares of Stock

SES AI Co. (NYSE:SES) CFO Jing Nealis sold 150,000 shares of the company’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $1.02, for a total transaction of $153,000.00. Following the sale, the chief financial officer now directly owns 1,935,322 shares in the company, valued at $1,974,028.44. This trade represents a 7.19 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

SES AI Price Performance

SES stock opened at $2.39 on Friday. SES AI Co. has a 1 year low of $0.20 and a 1 year high of $2.47. The stock has a market capitalization of $861.79 million, a PE ratio of -10.39 and a beta of 2.27. The company’s 50-day moving average is $0.49 and its 200-day moving average is $0.83.

SES AI (NYSE:SES) last announced its quarterly earnings data on Thursday, October 31st. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.04). During the same quarter in the previous year, the business earned ($0.04) earnings per share. On average, analysts anticipate that SES AI Co. will post -0.23 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on SES shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $1.50 target price on shares of SES AI in a research report on Tuesday, September 10th. Wolfe Research began coverage on SES AI in a report on Thursday, September 5th. They set an “underperform” rating and a $1.00 price target on the stock.

Institutional Trading of SES AI

A number of hedge funds and other institutional investors have recently bought and sold shares of SES. Bank of New York Mellon Corp lifted its stake in shares of 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 valued at $535,000 after buying an additional 71,794 shares in the last quarter. Renaissance Technologies LLC boosted its stake in SES AI by 62.8% during the 2nd quarter. Renaissance Technologies LLC now owns 121,300 shares of the company’s stock valued at $152,000 after purchasing an additional 46,800 shares during the last quarter. Squarepoint Ops LLC increased its holdings in SES AI by 1,039.9% during the 2nd quarter. Squarepoint Ops LLC now owns 246,964 shares of the company’s stock worth $309,000 after purchasing an additional 225,299 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of SES AI by 91.6% in 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. Finally, Charles Schwab Investment Management Inc. lifted 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 purchasing an additional 46,778 shares in the last quarter. Institutional investors own 29.78% of the company’s stock.

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.