Insider Selling: SES AI Co. (NYSE:SES) CEO Sells 194,459 Shares of Stock

SES AI Co. (NYSE:SES) CEO Qichao Hu sold 194,459 shares of SES AI stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $1.17, for a total transaction of $227,517.03. Following the sale, the chief executive officer now directly owns 2,781,769 shares of the company’s stock, valued at $3,254,669.73. This represents a 6.53 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

SES AI Trading Down 6.5 %

Shares of SES AI stock traded down $0.08 on Tuesday, hitting $1.09. 11,050,613 shares of the company traded hands, compared to its average volume of 35,881,242. The company has a market cap of $391.23 million, a PE ratio of -4.72 and a beta of 0.28. The stock’s 50 day moving average price is $1.07 and its 200-day moving average price is $0.84. SES AI Co. has a 52 week low of $0.20 and a 52 week high of $2.53.

Hedge Funds Weigh In On SES AI

Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in SES AI by 8.4% during the fourth quarter. Vanguard Group Inc. now owns 7,847,316 shares of the company’s stock valued at $17,186,000 after buying an additional 608,676 shares during the period. Geode Capital Management LLC increased its holdings in SES AI by 2.8% during 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 during the period. Charles Schwab Investment Management Inc. increased its holdings in SES AI by 4.2% during 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 during the period. JPMorgan Chase & Co. increased its holdings in SES AI by 204.1% during 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 holdings in SES AI by 281.1% during the third quarter. Barclays PLC now owns 171,860 shares of the company’s stock valued at $109,000 after buying an additional 126,763 shares during the period. 29.78% of the stock is owned by hedge funds and other institutional investors.

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.