SES AI Co. (NYSE:SES - Get Free Report) insider Kyle Pilkington sold 44,051 shares of the business's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $1.17, for a total transaction of $51,539.67. Following the transaction, the insider now 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
SES AI Stock Down 1.4 %
SES AI stock traded down $0.02 during midday trading on Friday, reaching $1.03. The company's stock had a trading volume of 8,468,666 shares, compared to its average volume of 38,306,484. The company has a market cap of $369.59 million, a P/E ratio of -4.46 and a beta of 0.28. The business has a 50-day simple moving average of $1.11 and a 200-day simple moving average of $0.85. SES AI Co. has a fifty-two week low of $0.20 and a fifty-two week high of $2.53.
Institutional Investors Weigh In On SES AI
Several hedge funds and other institutional investors have recently made changes to their positions in SES. Renaissance Technologies LLC increased its stake in SES AI by 62.8% in the second 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 grew its position in shares of SES AI by 91.6% in the 3rd quarter. SG Americas Securities LLC now owns 66,573 shares of the company's stock valued at $43,000 after buying an additional 31,832 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake 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 acquiring an additional 46,778 shares in the last quarter. DRW Securities LLC purchased a new stake in SES AI in the third quarter valued at $52,000. Finally, XTX Topco Ltd purchased a new stake in SES AI in the third quarter valued at $28,000. Institutional investors and hedge funds own 29.78% of the company's stock.
About SES AI
(
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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.
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