SES AI Co. (NYSE:SES) CFO Jing Nealis Sells 150,000 Shares

SES AI Co. (NYSE:SES) CFO Jing Nealis sold 150,000 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $1.02, for a total value of $153,000.00. Following the sale, the chief financial officer now directly owns 1,935,322 shares in the company, valued at $1,974,028.44. This trade represents a 7.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

SES AI Price Performance

Shares of SES AI stock opened at $2.39 on Monday. SES AI Co. has a 1 year low of $0.20 and a 1 year high of $2.47. The business has a 50 day moving average price of $0.49 and a 200 day moving average price of $0.83. The company has a market capitalization of $861.80 million, a P/E ratio of -10.39 and a beta of 2.27.

SES AI (NYSE:SES) last released its quarterly earnings results on Thursday, October 31st. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.04). During the same period in the prior year, the business earned ($0.04) earnings per share. As a group, research analysts expect that SES AI Co. will post -0.23 EPS for the current fiscal year.

Institutional Investors Weigh In On SES AI

Hedge funds have recently modified their holdings of the company. XTX Topco Ltd acquired a new position in shares of SES AI in the third quarter valued at approximately $28,000. SG Americas Securities LLC boosted its position in SES AI by 91.6% during the third quarter. SG Americas Securities LLC now owns 66,573 shares of the company’s stock worth $43,000 after acquiring an additional 31,832 shares during the last quarter. DRW Securities LLC purchased a new stake in SES AI in the 3rd quarter worth approximately $52,000. Anson Funds Management LP acquired a new position in SES AI in the 3rd quarter valued at $108,000. Finally, Barclays PLC raised its holdings in SES AI by 281.1% in the 3rd quarter. Barclays PLC now owns 171,860 shares of the company’s stock valued at $109,000 after acquiring an additional 126,763 shares during the last quarter. 29.78% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SES has been the topic of a number of research analyst reports. Wolfe Research initiated coverage on SES AI in a research report on Thursday, September 5th. They set an “underperform” rating and a $1.00 target price on the stock. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $1.50 price objective on shares of SES AI in a research note on Tuesday, September 10th.

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.