Insider Selling: SES AI Co. (NYSE:SES) CFO Sells $94,760.64 in Stock

SES AI Co. (NYSE:SES) CFO Jing Nealis sold 80,992 shares of the business’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 $94,760.64. Following the completion of the sale, the chief financial officer now directly owns 1,841,637 shares in the company, valued at $2,154,715.29. This represents a 4.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Thursday, January 16th, Jing Nealis sold 50,000 shares of SES AI stock. The shares were sold at an average price of $1.02, for a total transaction of $51,000.00.
• On Thursday, December 26th, Jing Nealis sold 150,000 shares of SES AI stock. The stock was sold at an average price of $1.02, for a total transaction of $153,000.00.

SES AI Price Performance

Shares of NYSE:SES opened at $1.05 on Friday. The company’s 50-day moving average price is $1.10 and its two-hundred day moving average price is $0.85. SES AI Co. has a one year low of $0.20 and a one year high of $2.53. The stock has a market capitalization of $376.81 million, a PE ratio of -4.54 and a beta of 0.28.

Institutional Investors Weigh In On SES AI

Several institutional investors and hedge funds have recently added to or reduced their stakes in SES. CIBC Asset Management Inc bought a new stake in SES AI during the 4th quarter worth about $25,000. Optas LLC bought a new stake in SES AI during the 4th quarter worth about $27,000. Cibc World Markets Corp bought a new stake in SES AI during the 4th quarter worth about $27,000. XTX Topco Ltd bought a new stake in SES AI during the 3rd quarter worth about $28,000. Finally, SBI Securities Co. Ltd. bought a new stake in SES AI during the 4th quarter worth about $30,000. 29.78% of the stock is owned by institutional investors.

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.