SES AI Co. (NYSE:SES - Get Free Report) CTO Kang Xu sold 27,969 shares of the firm'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 $32,723.73. Following the completion of the sale, the chief technology officer now directly owns 444,290 shares in the company, valued at $519,819.30. This represents a 5.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
SES AI Stock Down 1.4 %
Shares of SES stock traded down $0.02 on Friday, reaching $1.03. 8,468,666 shares of the stock were exchanged, compared to its average volume of 38,306,484. The stock has a market cap of $369.59 million, a P/E ratio of -4.46 and a beta of 0.28. The firm has a 50 day moving average of $1.11 and a two-hundred day moving average of $0.85. SES AI Co. has a 1-year low of $0.20 and a 1-year high of $2.53.
Institutional Investors Weigh In On SES AI
Several institutional investors and hedge funds have recently added to or reduced their stakes in SES. CIBC Asset Management Inc acquired a new position in shares of SES AI in the 4th quarter valued at about $25,000. Optas LLC purchased a new position in SES AI in the fourth quarter valued at approximately $27,000. Cibc World Markets Corp acquired a new position in SES AI during the fourth quarter valued at approximately $27,000. XTX Topco Ltd purchased a new stake in SES AI during the third quarter worth approximately $28,000. Finally, SBI Securities Co. Ltd. purchased a new position in shares of SES AI in the 4th quarter valued at $30,000. 29.78% of the stock is currently owned by institutional investors and hedge funds.
SES AI Company Profile
(
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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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