SES AI Co. (NYSE:SES) Insider Kyle Pilkington Sells 44,051 Shares of Stock

SES AI Co. (NYSE:SES) insider Kyle Pilkington sold 44,051 shares of SES AI stock in a transaction on Monday, February 10th. The stock was sold at an average price of $1.17, for a total transaction of $51,539.67. Following the completion of the transaction, the insider now directly owns 496,580 shares in the company, valued at $580,998.60. This represents a 8.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

SES AI Price Performance

SES AI stock opened at $1.09 on Wednesday. SES AI Co. has a 1-year low of $0.20 and a 1-year high of $2.53. The business has a fifty day moving average price of $1.07 and a 200-day moving average price of $0.84. The stock has a market capitalization of $391.23 million, a price-to-earnings ratio of -4.72 and a beta of 0.28.

Institutional Investors Weigh In On SES AI

Several institutional investors have recently added to or reduced their stakes in SES. Prudential Financial Inc. acquired a new position in shares of SES AI during the fourth quarter valued at about $152,000. Vanguard Group Inc. grew its position in SES AI by 8.4% during the 4th 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. LPL Financial LLC increased its stake in SES AI by 75.3% during the 4th quarter. LPL Financial LLC now owns 57,315 shares of the company’s stock valued at $126,000 after purchasing an additional 24,625 shares in the last quarter. Cibc World Markets Corp purchased a new position in shares of SES AI in the fourth quarter worth $27,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of SES AI in the fourth quarter worth $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.