SES AI Co. (NYSE:SES) CTO Kang Xu Sells 27,969 Shares

SES AI Co. (NYSE:SES) CTO Kang Xu sold 27,969 shares of SES AI stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $1.17, for a total value of $32,723.73. Following the sale, the chief technology officer now directly owns 444,290 shares in the company, valued at $519,819.30. The trade was a 5.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

SES AI Stock Performance

NYSE:SES opened at $1.05 on Friday. The stock’s fifty day moving average price is $1.10 and its two-hundred day moving average price is $0.85. SES AI Co. has a 52-week low of $0.20 and a 52-week high of $2.53. The company has a market cap of $376.81 million, a price-to-earnings ratio of -4.54 and a beta of 0.28.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of SES AI by 8.4% in the 4th quarter. Vanguard Group Inc. now owns 7,847,316 shares of the company’s stock valued at $17,186,000 after buying an additional 608,676 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of SES AI by 5.4% during the 4th quarter. Geode Capital Management LLC now owns 3,260,213 shares of the company’s stock worth $7,141,000 after buying an additional 165,589 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of SES AI by 4.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,162,112 shares of the company’s stock worth $744,000 after buying an additional 46,778 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of SES AI by 202.8% during the 4th quarter. Renaissance Technologies LLC now owns 665,300 shares of the company’s stock worth $1,457,000 after buying an additional 445,600 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in SES AI by 151.8% in the 4th quarter. JPMorgan Chase & Co. now owns 460,665 shares of the company’s stock valued at $1,009,000 after purchasing an additional 277,688 shares during the last quarter. Institutional investors and hedge funds own 29.78% of the company’s 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.