Jing Nealis Sells 32,487 Shares of SES AI Co. (NYSE:SES) Stock

SES AI Co. (NYSE:SES) CFO Jing Nealis sold 32,487 shares of the company’s 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 transaction, the chief financial officer now owns 1,979,422 shares of the company’s stock, valued at approximately $2,019,010.44. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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 transaction of $52,500.00.

SES AI Price Performance

NYSE:SES opened at $0.85 on Friday. The firm’s fifty day simple moving average is $1.08 and its 200-day simple moving average is $1.28. The stock has a market cap of $303.57 million, a PE ratio of -5.31 and a beta of 2.43. SES AI Co. has a fifty-two week low of $0.81 and a fifty-two week high of $2.66.

SES AI (NYSE:SES) last released its quarterly earnings data on Monday, July 29th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02). During the same period in the previous year, the firm earned ($0.04) EPS. Equities analysts anticipate that SES AI Co. will post -0.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On SES AI

Several institutional investors have recently modified their holdings of the company. EntryPoint Capital LLC acquired a new position in SES AI during the first quarter worth $88,000. Renaissance Technologies LLC increased its position 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 valued at $152,000 after buying an additional 46,800 shares in the last quarter. Squarepoint Ops LLC raised its stake in shares of SES AI by 1,039.9% during the 2nd quarter. Squarepoint Ops LLC now owns 246,964 shares of the company’s stock worth $309,000 after buying an additional 225,299 shares during the last quarter. Bank of New York Mellon Corp boosted 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 buying an additional 71,794 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of 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 buying an additional 82,245 shares in the last quarter. Hedge funds and other institutional investors 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.