12,110 Shares in SES AI Co. (NYSE:SES) Bought by Optas LLC

Optas LLC bought a new position in SES AI Co. (NYSE:SES) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 12,110 shares of the company’s stock, valued at approximately $27,000.

A number of other large investors have also recently added to or reduced their stakes in SES. LexAurum Advisors LLC bought a new stake in shares of SES AI in the fourth quarter valued at about $55,000. Abel Hall LLC acquired a new stake in SES AI in the 4th quarter valued at approximately $57,000. SG Americas Securities LLC lifted its stake in SES AI by 91.6% in the 3rd quarter. SG Americas Securities LLC now owns 66,573 shares of the company’s stock valued at $43,000 after acquiring an additional 31,832 shares in the last quarter. XTX Topco Ltd bought a new position in shares of SES AI during the 3rd quarter worth approximately $28,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of SES AI by 4.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,162,112 shares of the company’s stock valued at $744,000 after purchasing an additional 46,778 shares during the last quarter. Institutional investors own 29.78% of the company’s stock.

SES AI Stock Up 3.0 %

Shares of SES stock opened at $1.20 on Wednesday. SES AI Co. has a 12 month low of $0.20 and a 12 month high of $2.53. The company’s fifty day simple moving average is $0.99 and its 200-day simple moving average is $0.85. The firm has a market cap of $430.90 million, a PE ratio of -5.20 and a beta of 0.29.

Insiders Place Their Bets

In other news, CFO Jing Nealis sold 50,000 shares of the firm’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $1.02, for a total transaction of $51,000.00. Following the completion of the sale, the chief financial officer now owns 1,935,322 shares in the company, valued at approximately $1,974,028.44. This trade represents a 2.52 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder General Motors Holdings Llc sold 13,332,000 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $0.20, for a total value of $2,666,400.00. Following the sale, the insider now owns 9,843,622 shares of the company’s stock, valued at approximately $1,968,724.40. This represents a 57.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,532,000 shares of company stock valued at $2,870,400 in the last three months. 15.07% of the stock is currently owned by corporate insiders.

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.