Insider Selling: SES AI Co. (NYSE:SES) CEO Sells 194,459 Shares of Stock

SES AI Co. (NYSE:SES) CEO Qichao Hu sold 194,459 shares of the business’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 value of $227,517.03. Following the transaction, the chief executive officer now directly owns 2,781,769 shares in the company, valued at $3,254,669.73. This trade represents a 6.53 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

SES AI Trading Down 2.8 %

NYSE:SES opened at $1.05 on Thursday. The firm has a fifty day simple moving average of $1.08 and a 200 day simple moving average of $0.85. SES AI Co. has a 1-year low of $0.20 and a 1-year high of $2.53. The stock has a market capitalization of $378.61 million, a PE ratio of -4.57 and a beta of 0.28.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of SES. CIBC Asset Management Inc bought a new stake in shares of SES AI in the 4th quarter valued at about $25,000. Optas LLC acquired a new position in SES AI during the fourth quarter worth approximately $27,000. Cibc World Markets Corp bought a new stake in SES AI in the fourth quarter valued at approximately $27,000. XTX Topco Ltd acquired a new stake in shares of SES AI in the third quarter valued at approximately $28,000. Finally, SBI Securities Co. Ltd. bought a new position in shares of SES AI during the 4th quarter worth approximately $30,000. 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.