Jing Nealis Sells 50,000 Shares of SES AI Co. (NYSE:SES) Stock

SES AI Co. (NYSE:SES) CFO Jing Nealis sold 50,000 shares of SES AI stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $1.02, for a total value of $51,000.00. Following the completion of the transaction, the chief financial officer now owns 1,935,322 shares in the company, valued at $1,974,028.44. The trade was a 2.52 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Jing Nealis also recently made the following trade(s):

• On Thursday, December 26th, Jing Nealis sold 150,000 shares of SES AI stock. The shares were sold at an average price of $1.02, for a total value of $153,000.00.

SES AI Stock Performance

NYSE SES opened at $0.93 on Monday. The firm has a market capitalization of $333.90 million, a price-to-earnings ratio of -4.03 and a beta of 0.37. SES AI Co. has a one year low of $0.20 and a one year high of $2.53. The company’s 50 day moving average price is $0.81 and its 200 day moving average price is $0.86.

SES AI (NYSE:SES) last announced its quarterly earnings results on Thursday, October 31st. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.04). During the same period in the previous year, the firm earned ($0.04) EPS. Sell-side analysts forecast that SES AI Co. will post -0.23 EPS for the current fiscal year.

Hedge Funds Weigh In On SES AI

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its stake in shares of SES AI by 204.1% in the third quarter. JPMorgan Chase & Co. now owns 182,977 shares of the company’s stock valued at $117,000 after purchasing an additional 122,803 shares during the period. Barclays PLC lifted its holdings in SES AI by 281.1% in the 3rd quarter. Barclays PLC now owns 171,860 shares of the company’s stock worth $109,000 after buying an additional 126,763 shares in the last quarter. Geode Capital Management LLC boosted its position 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 buying an additional 83,607 shares during the last quarter. Anson Funds Management LP purchased a new stake in shares of SES AI during the third quarter worth about $108,000. Finally, XTX Topco Ltd acquired a new position in shares of SES AI in the third quarter worth about $28,000. 29.78% of the stock is owned by institutional investors and hedge funds.

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.