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 SES AI stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $1.17, for a total value of $51,539.67. Following the completion of the transaction, the insider now owns 496,580 shares of the company’s stock, valued at $580,998.60. The trade was a 8.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

SES AI Stock Down 2.8 %

Shares of NYSE:SES opened at $1.05 on Thursday. SES AI Co. has a fifty-two week low of $0.20 and a fifty-two week high of $2.53. The firm’s 50 day moving average price is $1.08 and its 200 day moving average price is $0.85. The stock has a market cap of $378.61 million, a price-to-earnings ratio of -4.57 and a beta of 0.28.

Institutional Investors Weigh In On SES AI

A number of hedge funds and other institutional investors have recently modified their holdings of the company. CIBC Asset Management Inc acquired a new position in shares of SES AI during the fourth quarter worth $25,000. Optas LLC purchased a new stake in SES AI during the 4th quarter worth about $27,000. Cibc World Markets Corp acquired a new position in shares of SES AI during the 4th quarter worth about $27,000. XTX Topco Ltd purchased a new position in shares of SES AI in the 3rd quarter valued at about $28,000. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of SES AI during the 4th quarter worth about $30,000. 29.78% of the stock is currently owned by institutional investors and hedge funds.

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.