Kyle Pilkington Sells 44,051 Shares of SES AI Co. (NYSE:SES) Stock

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

SES AI Price Performance

SES stock traded down $0.08 during midday trading on Tuesday, reaching $1.09. 11,050,613 shares of the stock were exchanged, compared to its average volume of 35,881,242. The stock has a market capitalization of $391.23 million, a PE ratio of -4.72 and a beta of 0.28. SES AI Co. has a 52 week low of $0.20 and a 52 week high of $2.53. The company has a fifty day moving average price of $1.07 and a 200 day moving average price of $0.84.

Institutional Investors Weigh In On SES AI

A number of hedge funds and other institutional investors have recently bought and sold shares of SES. Vanguard Group Inc. grew its position in SES AI by 8.4% during the 4th quarter. Vanguard Group Inc. now owns 7,847,316 shares of the company’s stock worth $17,186,000 after acquiring an additional 608,676 shares during the last quarter. Anson Funds Management LP bought a new stake in SES AI during the 3rd quarter worth $108,000. Barclays PLC grew its position in SES AI by 281.1% during the 3rd quarter. Barclays PLC now owns 171,860 shares of the company’s stock worth $109,000 after acquiring an additional 126,763 shares during the last quarter. JPMorgan Chase & Co. grew its position in SES AI by 204.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 182,977 shares of the company’s stock worth $117,000 after acquiring an additional 122,803 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in SES AI during the 4th quarter worth $254,000. 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.