Stock Traders Buy Large Volume of Call Options on SES AI (NYSE:SES)

SES AI Co. (NYSE:SES - Get Free Report) was the recipient of some unusual options trading on Thursday. Stock traders bought 11,130 call options on the company. This is an increase of approximately 516% compared to the average volume of 1,808 call options.

SES AI Trading Up 2.4 %

Shares of SES traded up $0.03 during midday trading on Friday, reaching $1.13. 66,988,435 shares of the stock were exchanged, compared to its average volume of 48,208,301. The company's 50 day moving average is $0.86 and its two-hundred day moving average is $0.86. The company has a market capitalization of $406.01 million, a P/E ratio of -4.90 and a beta of 0.37. SES AI has a 52 week low of $0.20 and a 52 week high of $2.53.

SES AI (NYSE:SES - Get Free Report) last posted its earnings results on Thursday, October 31st. The company reported ($0.09) EPS for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.04). During the same quarter last year, the firm earned ($0.04) EPS. On average, sell-side analysts expect that SES AI will post -0.23 EPS for the current year.

Insider Transactions at SES AI

In related news, CFO Jing Nealis sold 50,000 shares of the business's stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $1.02, for a total value of $51,000.00. Following the completion of the sale, the chief financial officer now owns 1,935,322 shares in the company, valued at approximately $1,974,028.44. The trade was a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder General Motors Holdings Llc sold 13,332,000 shares of the firm's stock in a transaction on Friday, November 15th. The stock was sold at an average price of $0.20, for a total value of $2,666,400.00. Following the transaction, the insider now owns 9,843,622 shares in the company, valued at $1,968,724.40. The trade was a 57.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,532,000 shares of company stock worth $2,870,400. 15.07% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On SES AI

Institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC grew its position in shares of SES AI by 2.8% in the 3rd quarter. Geode Capital Management LLC now owns 3,094,624 shares of the company's stock worth $1,980,000 after buying an additional 83,607 shares during the last quarter. Barclays PLC grew its holdings in SES AI by 281.1% in the third quarter. Barclays PLC now owns 171,860 shares of the company's stock worth $109,000 after purchasing an additional 126,763 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in 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 worth $744,000 after purchasing an additional 46,778 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of SES AI by 62.8% during the second quarter. Renaissance Technologies LLC now owns 121,300 shares of the company's stock worth $152,000 after purchasing an additional 46,800 shares in the last quarter. Finally, Squarepoint Ops LLC lifted its holdings in shares of SES AI by 1,039.9% during the 2nd quarter. Squarepoint Ops LLC now owns 246,964 shares of the company's stock valued at $309,000 after purchasing an additional 225,299 shares during the last quarter. 29.78% of the stock is owned by hedge funds and other institutional investors.

About SES AI

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.