Traders Buy Large Volume of Call Options on SES AI (NYSE:SES)

SES AI Co. (NYSE:SES) saw unusually large options trading on Thursday. Traders purchased 11,130 call options on the stock. This represents an increase of 516% compared to the typical daily volume of 1,808 call options.

Insider Buying and Selling

In other news, major shareholder General Motors Holdings Llc sold 13,332,000 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $0.20, for a total value of $2,666,400.00. Following the completion of the sale, the insider now directly owns 9,843,622 shares in the company, valued at $1,968,724.40. This represents a 57.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Jing Nealis sold 150,000 shares of the business’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $1.02, for a total transaction of $153,000.00. Following the transaction, the chief financial officer now owns 1,935,322 shares in the company, valued at $1,974,028.44. The trade was a 7.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,532,000 shares of company stock worth $2,870,400. Insiders own 15.07% of the company’s stock.

Institutional Trading of SES AI

Hedge funds and other institutional investors have recently modified their holdings of the business. Geode Capital Management LLC raised its position in SES AI by 2.8% in the third quarter. Geode Capital Management LLC now owns 3,094,624 shares of the company’s stock valued at $1,980,000 after purchasing an additional 83,607 shares during the period. Charles Schwab Investment Management Inc. raised its holdings 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 period. Squarepoint Ops LLC lifted its stake in 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 acquiring an additional 225,299 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in SES AI by 204.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 182,977 shares of the company’s stock valued at $117,000 after acquiring an additional 122,803 shares during the period. Finally, Barclays PLC grew its position 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 in the last quarter. 29.78% of the stock is owned by institutional investors and hedge funds.

SES AI Trading Up 2.4 %

Shares of SES stock opened at $1.13 on Friday. SES AI has a twelve month low of $0.20 and a twelve month high of $2.53. The company’s 50-day moving average price is $0.87 and its 200-day moving average price is $0.86. The stock has a market cap of $406.01 million, a price-to-earnings ratio of -4.90 and a beta of 0.37.

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

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.