Optas LLC Takes Position in SES AI Co. (NYSE:SES)

Optas LLC acquired a new position in SES AI Co. (NYSE:SES) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 12,110 shares of the company’s stock, valued at approximately $27,000.

Other large investors have also recently bought and sold shares of the company. LexAurum Advisors LLC acquired a new position in shares of SES AI during the fourth quarter valued at $55,000. Abel Hall LLC acquired a new position in SES AI during the 4th quarter valued at about $57,000. XTX Topco Ltd bought a new position in shares of SES AI in the 3rd quarter valued at about $28,000. SG Americas Securities LLC grew its position in shares of SES AI by 91.6% during the 3rd quarter. SG Americas Securities LLC now owns 66,573 shares of the company’s stock worth $43,000 after buying an additional 31,832 shares during the period. Finally, DRW Securities LLC bought a new stake in shares of SES AI during the third quarter worth approximately $52,000. Institutional investors and hedge funds own 29.78% of the company’s stock.

Insider Transactions at SES AI

In other SES AI news, CFO Jing Nealis sold 50,000 shares of the company’s stock in a transaction that occurred 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 sale, the chief financial officer now owns 1,935,322 shares of the company’s stock, valued at approximately $1,974,028.44. This represents 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 SES AI stock in a transaction on Friday, November 15th. The stock was sold at an average price of $0.20, for a total transaction of $2,666,400.00. Following the transaction, the insider now directly owns 9,843,622 shares in the company, valued at approximately $1,968,724.40. This represents a 57.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,532,000 shares of company stock worth $2,870,400 in the last three months. Insiders own 15.07% of the company’s stock.

SES AI Stock Performance

Shares of SES stock opened at $1.20 on Wednesday. The firm’s 50 day moving average price is $0.99 and its two-hundred day moving average price is $0.85. SES AI Co. has a 52-week low of $0.20 and a 52-week high of $2.53. The stock has a market cap of $430.90 million, a PE ratio of -5.20 and a beta of 0.29.

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.