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 stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $1.17, for a total value of $94,760.64. Following the transaction, the chief financial officer now owns 1,841,637 shares of the company’s stock, valued at approximately $2,154,715.29. The trade was a 4.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

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

• On Thursday, January 16th, Jing Nealis sold 50,000 shares of SES AI stock. The shares were sold at an average price of $1.02, for a total value 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 cap of $391.23 million, a PE 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 company’s fifty day simple moving average is $1.07 and its 200-day simple moving average is $0.84.

Institutional Trading of SES AI

Hedge funds and other institutional investors have recently modified their holdings of the stock. Prudential Financial Inc. bought a new position in shares of SES AI in the fourth quarter valued at $152,000. Vanguard Group Inc. lifted its stake in SES AI by 8.4% in the fourth quarter. Vanguard Group Inc. now owns 7,847,316 shares of the company’s stock valued at $17,186,000 after acquiring an additional 608,676 shares during the last quarter. LPL Financial LLC grew its position in shares of SES AI by 75.3% in the 4th quarter. LPL Financial LLC now owns 57,315 shares of the company’s stock valued at $126,000 after acquiring an additional 24,625 shares during the period. Cibc World Markets Corp acquired a new position in shares of SES AI during the 4th quarter worth about $27,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of SES AI in the 4th quarter valued at about $254,000. Institutional investors and hedge funds 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.