Renaissance Technologies LLC lifted its position in shares of SES AI Co. (NYSE:SES - Free Report) by 202.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 665,300 shares of the company's stock after purchasing an additional 445,600 shares during the quarter. Renaissance Technologies LLC owned about 0.18% of SES AI worth $1,457,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. CIBC Asset Management Inc acquired a new position in SES AI during the 4th quarter worth approximately $25,000. Optas LLC acquired a new position in shares of SES AI during the fourth quarter worth $27,000. Cibc World Markets Corp purchased a new position in shares of SES AI in the fourth quarter valued at $27,000. SBI Securities Co. Ltd. acquired a new stake in SES AI during the 4th quarter valued at $30,000. Finally, Bank of Montreal Can purchased a new stake in shares of SES AI during the fourth quarter worth about $48,000. Institutional investors and hedge funds own 29.78% of the company's stock.
Insiders Place Their Bets
In other SES AI news, CEO Qichao Hu sold 194,459 shares of the firm's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $1.17, for a total value of $227,517.03. Following the transaction, the chief executive officer now owns 2,781,769 shares of the company's stock, valued at $3,254,669.73. This trade represents a 6.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Jing Nealis sold 80,992 shares of the company's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $1.17, for a total value of $94,760.64. Following the transaction, the chief financial officer now directly owns 1,841,637 shares of the company's stock, valued at $2,154,715.29. This trade represents a 4.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 347,471 shares of company stock valued at $406,541 in the last quarter. Insiders own 15.07% of the company's stock.
SES AI Stock Down 9.5 %
Shares of SES AI stock traded down $0.09 on Friday, hitting $0.82. 15,681,663 shares of the company's stock traded hands, compared to its average volume of 12,018,488. SES AI Co. has a 52-week low of $0.20 and a 52-week high of $2.53. The stock has a market cap of $297.20 million, a P/E ratio of -3.54 and a beta of 0.56. The firm's 50-day moving average is $0.63 and its 200 day moving average is $0.76.
SES AI (NYSE:SES - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.07) by $0.03. The company had revenue of $5.79 million during the quarter, compared to analyst estimates of $2.00 million. Equities research analysts forecast that SES AI Co. will post -0.23 EPS for the current year.
About SES AI
(
Free Report)
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.
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