Insider Selling: SES AI Co. (NYSE:SES) CFO Sells 80,992 Shares of Stock

SES AI Co. (NYSE:SES) CFO Jing Nealis sold 80,992 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $1.17, for a total transaction of $94,760.64. Following the transaction, the chief financial officer now owns 1,841,637 shares in the company, valued at $2,154,715.29. This represents a 4.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Jing Nealis also recently made the following trade(s):

• On Thursday, January 16th, Jing Nealis sold 50,000 shares of SES AI stock. The stock was sold at an average price of $1.02, for a total transaction of $51,000.00.
• On Thursday, December 26th, Jing Nealis sold 150,000 shares of SES AI stock. The stock was sold at an average price of $1.02, for a total transaction of $153,000.00.

SES AI Price Performance

SES AI stock opened at $1.05 on Friday. SES AI Co. has a fifty-two week low of $0.20 and a fifty-two week high of $2.53. The firm has a market capitalization of $376.81 million, a PE ratio of -4.54 and a beta of 0.28. The company’s 50-day moving average is $1.10 and its 200-day moving average is $0.85.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. CIBC Asset Management Inc acquired a new position in SES AI in the 4th quarter valued at about $25,000. Optas LLC acquired a new position in SES AI in the 4th quarter valued at about $27,000. Cibc World Markets Corp acquired a new position in SES AI in the 4th quarter valued at about $27,000. SBI Securities Co. Ltd. acquired a new position in SES AI in the 4th quarter valued at about $30,000. Finally, Bank of Montreal Can acquired a new position in SES AI in the 4th quarter valued at about $48,000. 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.