SES AI Co. (NYSE:SES) CFO Jing Nealis Sells 150,000 Shares

SES AI Co. (NYSE:SES) CFO Jing Nealis sold 150,000 shares of SES AI stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $1.02, for a total transaction of $153,000.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

SES AI Stock Up 68.3 %

Shares of SES traded up $0.97 during trading on Friday, reaching $2.39. 118,126,500 shares of the company traded hands, compared to its average volume of 3,065,230. The stock has a 50-day simple moving average of $0.49 and a 200-day simple moving average of $0.83. SES AI Co. has a twelve month low of $0.20 and a twelve month high of $2.47. The stock has a market cap of $861.80 million, a PE ratio of -10.39 and a beta of 2.27.

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

Hedge Funds Weigh In On SES AI

Several hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp grew its holdings 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 purchasing an additional 71,794 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of SES AI by 62.8% in the second quarter. Renaissance Technologies LLC now owns 121,300 shares of the company’s stock worth $152,000 after acquiring an additional 46,800 shares in the last quarter. Squarepoint Ops LLC increased its position in shares of SES AI by 1,039.9% during the second quarter. Squarepoint Ops LLC now owns 246,964 shares of the company’s stock worth $309,000 after acquiring an additional 225,299 shares during the period. 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 valued at $43,000 after acquiring an additional 31,832 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in 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 during the period. Institutional investors and hedge funds own 29.78% of the company’s stock.

Wall Street Analyst Weigh In

SES has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $1.50 price target on shares of SES AI in a research report on Tuesday, September 10th. Wolfe Research initiated coverage on SES AI in a research note on Thursday, September 5th. They issued an “underperform” rating and a $1.00 price target on the 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.