JPMorgan Chase & Co. boosted its position in SES AI Co. (NYSE:SES - Free Report) by 151.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 460,665 shares of the company's stock after purchasing an additional 277,688 shares during the quarter. JPMorgan Chase & Co. owned about 0.13% of SES AI worth $1,009,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SES. Vanguard Group Inc. boosted its position in shares of SES AI by 8.4% in the fourth quarter. Vanguard Group Inc. now owns 7,847,316 shares of the company's stock valued at $17,186,000 after acquiring an additional 608,676 shares during the period. Geode Capital Management LLC boosted its holdings in SES AI by 2.8% in the 3rd quarter. Geode Capital Management LLC now owns 3,094,624 shares of the company's stock valued at $1,980,000 after purchasing an additional 83,607 shares during the period. Barclays PLC grew its position in shares of 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 purchasing an additional 126,763 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of SES AI during the fourth quarter worth approximately $254,000. Finally, Prudential Financial Inc. acquired a new stake in shares of SES AI in the fourth quarter valued at approximately $152,000. 29.78% of the stock is owned by institutional investors and hedge funds.
Insider Activity at SES AI
In related news, CFO Jing Nealis sold 80,992 shares of the 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 $94,760.64. Following the completion of the transaction, the chief financial officer now owns 1,841,637 shares of the company's stock, valued at $2,154,715.29. This represents a 4.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Qichao Hu sold 194,459 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $1.17, for a total transaction of $227,517.03. Following the completion of the sale, the chief executive officer now owns 2,781,769 shares in the company, valued at $3,254,669.73. This represents a 6.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 347,471 shares of company stock valued at $406,541 over the last three months. 15.07% of the stock is owned by insiders.
SES AI Price Performance
Shares of NYSE:SES opened at $1.03 on Monday. The company has a market capitalization of $375.45 million, a P/E ratio of -4.48 and a beta of 0.56. The business's 50 day simple moving average is $0.63 and its 200 day simple moving average is $0.75. SES AI Co. has a 1 year low of $0.20 and a 1 year high of $2.53.
SES AI (NYSE:SES - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.03. The firm had revenue of $5.79 million for the quarter, compared to the consensus estimate of $2.00 million. On average, sell-side analysts anticipate that SES AI Co. will post -0.23 EPS for the current fiscal year.
SES AI Company Profile
(
Free Report)
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.
Further Reading
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