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

SES AI Co. (NYSE:SES) CFO Jing Nealis sold 150,000 shares of the company’s stock in a transaction 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 owns 1,935,322 shares of the company’s stock, valued at $1,974,028.44. The trade was a 7.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

SES AI Stock Performance

Shares of NYSE:SES opened at $2.39 on Friday. SES AI Co. has a 52-week low of $0.20 and a 52-week high of $2.47. The company has a market capitalization of $861.79 million, a PE ratio of -10.39 and a beta of 2.27. The company has a fifty day moving average of $0.49 and a 200-day moving average of $0.83.

SES AI (NYSE:SES) last posted its earnings results on Thursday, October 31st. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.04). During the same quarter in the previous year, the company posted ($0.04) earnings per share. On average, equities analysts forecast that SES AI Co. will post -0.23 EPS for the current fiscal year.

Institutional Investors Weigh In On SES AI

A number of institutional investors have recently added to or reduced their stakes in SES. Geode Capital Management LLC lifted its holdings in shares of SES AI by 2.8% during the third quarter. Geode Capital Management LLC now owns 3,094,624 shares of the company’s stock worth $1,980,000 after purchasing an additional 83,607 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of SES AI by 4.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,162,112 shares of the company’s stock valued at $744,000 after buying an additional 46,778 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of SES AI by 20.2% in the second quarter. Bank of New York Mellon Corp now owns 427,944 shares of the company’s stock valued at $535,000 after buying an additional 71,794 shares during the period. Squarepoint Ops LLC raised its position in shares of SES AI by 1,039.9% during the second quarter. Squarepoint Ops LLC now owns 246,964 shares of the company’s stock worth $309,000 after acquiring an additional 225,299 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of SES AI by 204.1% in the third 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 period. 29.78% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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