SES AI Co. (NYSE:SES) CEO Qichao Hu Sells 194,459 Shares

SES AI Co. (NYSE:SES) CEO Qichao Hu sold 194,459 shares of the firm’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $1.17, for a total value of $227,517.03. Following the sale, the chief executive officer now directly owns 2,781,769 shares of the company’s stock, valued at $3,254,669.73. This represents a 6.53 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

SES AI Price Performance

Shares of SES AI stock opened at $1.09 on Wednesday. The business has a fifty day simple moving average of $1.07 and a two-hundred day simple moving average of $0.84. SES AI Co. has a 1 year low of $0.20 and a 1 year high of $2.53. The company has a market capitalization of $391.23 million, a price-to-earnings ratio of -4.72 and a beta of 0.28.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its position in SES AI by 2.8% during the 3rd quarter. Geode Capital Management LLC now owns 3,094,624 shares of the company’s stock worth $1,980,000 after buying an additional 83,607 shares during the period. JPMorgan Chase & Co. increased its position in SES AI by 204.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 182,977 shares of the company’s stock worth $117,000 after buying an additional 122,803 shares during the period. Barclays PLC increased its position in SES AI by 281.1% during the 3rd quarter. Barclays PLC now owns 171,860 shares of the company’s stock worth $109,000 after buying an additional 126,763 shares during the period. Charles Schwab Investment Management Inc. increased its position in SES AI by 4.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,162,112 shares of the company’s stock worth $744,000 after buying an additional 46,778 shares during the period. Finally, Renaissance Technologies LLC increased 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 buying an additional 46,800 shares during the period. Institutional investors 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.