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

SES AI Co. (NYSE:SES) insider Kyle Pilkington sold 44,051 shares of SES AI stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $1.17, for a total value of $51,539.67. Following the sale, the insider now directly owns 496,580 shares of the company’s stock, valued at $580,998.60. This trade represents a 8.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

SES AI Trading Down 6.5 %

SES opened at $1.09 on Wednesday. The firm has a 50 day moving average of $1.07 and a two-hundred day moving average of $0.84. The firm has a market capitalization of $391.23 million, a PE ratio of -4.72 and a beta of 0.28. SES AI Co. has a 12-month low of $0.20 and a 12-month high of $2.53.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. CIBC Asset Management Inc purchased a new stake in SES AI in the fourth quarter valued at $25,000. Optas LLC acquired a new stake in SES AI during the fourth quarter worth about $27,000. Cibc World Markets Corp acquired a new stake in SES AI during the fourth quarter worth about $27,000. SBI Securities Co. Ltd. purchased a new position in SES AI during the fourth quarter valued at approximately $30,000. Finally, LexAurum Advisors LLC acquired a new position in SES AI in the fourth quarter valued at approximately $55,000. Hedge funds and other institutional investors own 29.78% of the company’s 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.