Jing Nealis Sells 50,000 Shares of SES AI Co. (NYSE:SES) Stock

SES AI Co. (NYSE:SES) CFO Jing Nealis sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $1.05, for a total value of $52,500.00. Following the transaction, the chief financial officer now owns 1,979,422 shares in the company, valued at approximately $2,078,393.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

SES AI Trading Up 0.9 %

Shares of SES opened at $1.07 on Monday. The company’s 50 day simple moving average is $1.13 and its 200-day simple moving average is $1.32. SES AI Co. has a 12-month low of $0.81 and a 12-month high of $2.66. The firm has a market cap of $382.00 million, a PE ratio of -6.69 and a beta of 2.45.

SES AI (NYSE:SES) last posted its quarterly earnings data on Monday, July 29th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02). During the same quarter in the prior year, the business posted ($0.04) EPS. As a group, equities research analysts forecast that SES AI Co. will post -0.17 EPS for the current fiscal year.

Hedge Funds Weigh In On SES AI

Several institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC lifted its position in SES AI by 62.8% during the 2nd quarter. Renaissance Technologies LLC now owns 121,300 shares of the company’s stock worth $152,000 after acquiring an additional 46,800 shares during the period. EntryPoint Capital LLC acquired a new stake in shares of SES AI during the first quarter worth $88,000. Bank of New York Mellon Corp increased its stake in SES AI by 20.2% in the 2nd 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 during the period. Vanguard Group Inc. raised its position in SES AI by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 11,830,407 shares of the company’s stock worth $19,875,000 after buying an additional 82,245 shares during the last quarter. Finally, Squarepoint Ops LLC lifted its stake in shares of SES AI by 1,039.9% in the 2nd 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. 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.