SES AI Co. (NYSE:SES) CFO Sells $33,136.74 in Stock

SES AI Co. (NYSE:SES) CFO Jing Nealis sold 32,487 shares of SES AI stock in a transaction on Monday, September 16th. The stock was sold at an average price of $1.02, for a total transaction of $33,136.74. Following the completion of the transaction, the chief financial officer now owns 1,979,422 shares in the company, valued at approximately $2,019,010.44. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Thursday, August 29th, Jing Nealis sold 50,000 shares of SES AI stock. The shares were sold at an average price of $1.05, for a total value of $52,500.00.

SES AI Trading Down 10.5 %

Shares of SES stock opened at $0.76 on Friday. The company’s fifty day moving average price is $1.06 and its 200-day moving average price is $1.27. The stock has a market cap of $271.61 million, a PE ratio of -4.76 and a beta of 2.43. SES AI Co. has a 12 month low of $0.76 and a 12 month high of $2.66.

SES AI (NYSE:SES) last posted its quarterly earnings data on Monday, July 29th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.02). During the same period last year, the company earned ($0.04) EPS. On average, sell-side analysts forecast that SES AI Co. will post -0.23 earnings per share for the current fiscal year.

Institutional Trading of SES AI

A number of hedge funds have recently made changes to their positions in the stock. EntryPoint Capital LLC bought a new position in SES AI during the 1st quarter valued at approximately $88,000. Renaissance Technologies LLC grew its stake in shares of 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 acquiring an additional 46,800 shares during the last quarter. Squarepoint Ops LLC increased its holdings in shares of SES AI by 1,039.9% during the second quarter. Squarepoint Ops LLC now owns 246,964 shares of the company’s stock valued at $309,000 after acquiring an additional 225,299 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of SES AI by 20.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 427,944 shares of the company’s stock worth $535,000 after purchasing an additional 71,794 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in SES AI by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 11,830,407 shares of the company’s stock worth $19,875,000 after purchasing an additional 82,245 shares in the last quarter. 29.78% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on SES shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $1.50 target price on shares of SES AI in a research note on Tuesday, September 10th. Wolfe Research assumed coverage on shares of SES AI in a research note on Thursday, September 5th. They set an “underperform” rating and a $1.00 target price on the stock.

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.