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

SES AI Co. (NYSE:SES) CFO Jing Nealis sold 150,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $1.02, for a total transaction of $153,000.00. Following the completion of the sale, the chief financial officer now directly owns 1,935,322 shares in the company, valued at approximately $1,974,028.44. This trade represents a 7.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

SES AI Trading Up 68.3 %

SES stock traded up $0.97 during trading on Friday, hitting $2.39. 118,126,500 shares of the company’s stock were exchanged, compared to its average volume of 3,065,230. The business has a 50-day moving average price of $0.49 and a two-hundred day moving average price of $0.83. The stock has a market capitalization of $861.80 million, a price-to-earnings ratio of -10.39 and a beta of 2.27. SES AI Co. has a 52-week low of $0.20 and a 52-week high of $2.47.

SES AI (NYSE:SES) last issued its quarterly earnings data on Thursday, October 31st. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.04). During the same period last year, the firm posted ($0.04) EPS. On average, equities research analysts anticipate that SES AI Co. will post -0.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SES AI

A number of institutional investors and hedge funds have recently bought and sold shares of SES. Charles Schwab Investment Management Inc. lifted its stake 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 buying an additional 46,778 shares during the last quarter. Renaissance Technologies LLC grew its position 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 worth $152,000 after acquiring an additional 46,800 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of 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 acquiring an additional 71,794 shares during the period. Squarepoint Ops LLC raised its position in SES AI by 1,039.9% in the 2nd quarter. Squarepoint Ops LLC now owns 246,964 shares of the company’s stock valued at $309,000 after purchasing an additional 225,299 shares during the last quarter. Finally, SG Americas Securities LLC boosted its stake in SES AI by 91.6% during the 3rd quarter. SG Americas Securities LLC now owns 66,573 shares of the company’s stock worth $43,000 after purchasing an additional 31,832 shares during the period. 29.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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.