SES AI Co. (NYSE:SES) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC boosted its holdings in shares of SES AI Co. (NYSE:SES) by 2.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,094,624 shares of the company’s stock after purchasing an additional 83,607 shares during the period. Geode Capital Management LLC’s holdings in SES AI were worth $1,980,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. XTX Topco Ltd acquired a new stake in shares of SES AI during the third quarter valued at approximately $28,000. SG Americas Securities LLC lifted its holdings 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 purchasing an additional 31,832 shares in the last quarter. DRW Securities LLC acquired a new stake in shares of SES AI in the third quarter worth $52,000. Renaissance Technologies LLC grew its holdings in shares of SES AI by 62.8% during the second quarter. Renaissance Technologies LLC now owns 121,300 shares of the company’s stock valued at $152,000 after buying an additional 46,800 shares in the last quarter. Finally, Anson Funds Management LP purchased a new position in shares of SES AI during the third quarter valued at $108,000. 29.78% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CFO Jing Nealis sold 150,000 shares of the stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $1.02, for a total value of $153,000.00. Following the transaction, the chief financial officer now owns 1,935,322 shares in the company, valued at approximately $1,974,028.44. This represents a 7.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder General Motors Holdings Llc sold 13,332,000 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $0.20, for a total transaction of $2,666,400.00. Following the transaction, the insider now owns 9,843,622 shares in the company, valued at $1,968,724.40. This represents a 57.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,682,000 shares of company stock worth $3,551,400 in the last quarter. 15.07% of the stock is currently owned by corporate insiders.

SES AI Trading Down 13.1 %

Shares of SES AI stock opened at $1.52 on Thursday. SES AI Co. has a 1 year low of $0.20 and a 1 year high of $2.53. The company has a market cap of $548.09 million, a P/E ratio of -6.61 and a beta of 0.37. The stock has a 50-day moving average price of $0.72 and a 200 day moving average price of $0.87.

SES AI (NYSE:SES) last posted its quarterly 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 period last year, the firm earned ($0.04) EPS. On average, equities analysts forecast that SES AI Co. will post -0.23 earnings per share for the current fiscal year.

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.