Kang Xu Sells 27,969 Shares of SES AI Co. (NYSE:SES) Stock

SES AI Co. (NYSE:SES) CTO Kang Xu sold 27,969 shares of SES AI stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $1.17, for a total value of $32,723.73. Following the completion of the transaction, the chief technology officer now owns 444,290 shares of the company’s stock, valued at approximately $519,819.30. The trade was a 5.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

SES AI Trading Down 2.8 %

Shares of NYSE SES opened at $1.05 on Thursday. The company has a market cap of $378.61 million, a price-to-earnings ratio of -4.57 and a beta of 0.28. The stock’s 50 day simple moving average is $1.08 and its 200 day simple moving average is $0.85. SES AI Co. has a 12-month low of $0.20 and a 12-month high of $2.53.

Hedge Funds Weigh In On SES AI

Several hedge funds and other institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC lifted its position in SES AI by 62.8% in the 2nd quarter. Renaissance Technologies LLC now owns 121,300 shares of the company’s stock valued at $152,000 after purchasing an additional 46,800 shares during the last quarter. SG Americas Securities LLC increased its stake 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 during the period. Charles Schwab Investment Management Inc. increased its stake in shares of 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 purchasing an additional 46,778 shares during the period. DRW Securities LLC acquired a new position in shares of SES AI during the third quarter worth approximately $52,000. Finally, XTX Topco Ltd bought a new position in SES AI in the 3rd quarter worth approximately $28,000. 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.