Insider Selling: SES AI Co. (NYSE:SES) Insider Sells 44,051 Shares of Stock

SES AI Co. (NYSE:SES) insider Kyle Pilkington sold 44,051 shares of the company’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $1.17, for a total transaction of $51,539.67. Following the completion of the transaction, the insider now owns 496,580 shares of the company’s stock, valued at $580,998.60. This represents a 8.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

SES AI Stock Performance

SES AI stock opened at $1.05 on Thursday. The stock has a 50-day simple moving average of $1.08 and a 200-day simple moving average of $0.85. The company has a market capitalization of $378.61 million, a P/E ratio of -4.57 and a beta of 0.28. SES AI Co. has a fifty-two week low of $0.20 and a fifty-two week high of $2.53.

Institutional Investors Weigh In On SES AI

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