SES AI Co. (NYSE:SES - Get Free Report) CEO Qichao Hu sold 194,459 shares of the company'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 value of $227,517.03. Following the completion of the transaction, the chief executive officer now directly owns 2,781,769 shares of the company's stock, valued at approximately $3,254,669.73. This represents a 6.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
SES AI Stock Down 1.4 %
NYSE SES traded down $0.02 during trading hours on Friday, reaching $1.03. 8,468,666 shares of the company were exchanged, compared to its average volume of 38,306,484. The stock has a market capitalization of $369.59 million, a P/E ratio of -4.46 and a beta of 0.28. SES AI Co. has a 1 year low of $0.20 and a 1 year high of $2.53. The business's 50 day simple moving average is $1.11 and its 200-day simple moving average is $0.85.
Institutional Investors Weigh In On SES AI
Several large investors have recently modified their holdings of SES. CIBC Asset Management Inc purchased a new position in SES AI in the fourth quarter valued at approximately $25,000. Optas LLC purchased a new position in shares of SES AI during the 4th quarter valued at $27,000. Cibc World Markets Corp purchased a new position in shares of SES AI during the 4th quarter valued at $27,000. XTX Topco Ltd purchased a new stake in SES AI in the 3rd quarter worth about $28,000. Finally, SBI Securities Co. Ltd. bought a new stake in SES AI in the 4th quarter valued at about $30,000. Hedge funds and other institutional investors 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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