Qichao Hu Sells 194,459 Shares of SES AI Co. (NYSE:SES) Stock

SES AI Co. (NYSE:SES) CEO Qichao Hu sold 194,459 shares of SES AI stock in a transaction dated Monday, February 10th. The stock was 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 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

SES AI Stock Down 6.5 %

SES traded down $0.08 on Tuesday, hitting $1.09. The company had a trading volume of 11,050,613 shares, compared to its average volume of 35,881,242. The company has a market cap of $391.23 million, a PE ratio of -4.72 and a beta of 0.28. SES AI Co. has a 12-month low of $0.20 and a 12-month high of $2.53. The business’s fifty day simple moving average is $1.07 and its 200 day simple moving average is $0.84.

Institutional Trading of SES AI

Institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its stake in SES AI by 2.8% in the third quarter. Geode Capital Management LLC now owns 3,094,624 shares of the company’s stock worth $1,980,000 after purchasing an additional 83,607 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in SES AI by 204.1% in the third quarter. JPMorgan Chase & Co. now owns 182,977 shares of the company’s stock worth $117,000 after purchasing an additional 122,803 shares during the last quarter. Barclays PLC lifted its stake 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. lifted its stake 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. Finally, Renaissance Technologies LLC lifted its stake in SES AI by 62.8% in 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 during the last quarter. Institutional investors own 29.78% of the company’s stock.

SES AI Company Profile

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.