Investors Buy High Volume of SES AI Call Options (NYSE:SES)

SES AI Co. (NYSE:SES - Get Free Report) was the target of unusually large options trading activity on Friday. Traders purchased 6,070 call options on the stock. This is an increase of 106% compared to the typical daily volume of 2,942 call options.

Insider Transactions at SES AI

In other news, CTO Kang Xu sold 27,969 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 $32,723.73. Following the sale, the chief technology officer now owns 444,290 shares in the company, valued at $519,819.30. This trade represents a 5.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Jing Nealis sold 80,992 shares of the company's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $1.17, for a total transaction of $94,760.64. Following the transaction, the chief financial officer now owns 1,841,637 shares of the company's stock, valued at approximately $2,154,715.29. This trade represents a 4.21 % decrease in their position. 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 ninety days. 15.07% of the stock is currently owned by corporate insiders.

Institutional Trading of SES AI

A number of hedge funds and other institutional investors have recently made changes to their positions in SES. Vanguard Group Inc. raised its position in SES AI by 8.4% in the fourth quarter. Vanguard Group Inc. now owns 7,847,316 shares of the company's stock valued at $17,186,000 after purchasing an additional 608,676 shares during the period. Two Sigma Investments LP increased its position in shares of SES AI by 666.4% during the 4th quarter. Two Sigma Investments LP now owns 513,010 shares of the company's stock worth $1,123,000 after purchasing an additional 446,073 shares during the last quarter. Renaissance Technologies LLC lifted its position in SES AI by 202.8% in the fourth quarter. Renaissance Technologies LLC now owns 665,300 shares of the company's stock valued at $1,457,000 after buying an additional 445,600 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in SES AI by 151.8% during the fourth quarter. JPMorgan Chase & Co. now owns 460,665 shares of the company's stock worth $1,009,000 after buying an additional 277,688 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of SES AI by 5.4% during the fourth quarter. Geode Capital Management LLC now owns 3,260,213 shares of the company's stock valued at $7,141,000 after acquiring an additional 165,589 shares during the last quarter. Institutional investors and hedge funds own 29.78% of the company's stock.

SES AI Price Performance

NYSE SES traded down $0.04 during mid-day trading on Wednesday, hitting $0.92. The stock had a trading volume of 12,320,212 shares, compared to its average volume of 11,779,129. The firm's 50 day moving average is $0.63 and its 200 day moving average is $0.75. The stock has a market capitalization of $337.24 million, a price-to-earnings ratio of -4.02 and a beta of 0.56. SES AI has a twelve month low of $0.20 and a twelve month high of $2.53.

SES AI (NYSE:SES - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.03. The business had revenue of $5.79 million for the quarter, compared to analysts' expectations of $2.00 million. As a group, equities research analysts expect that SES AI will post -0.23 earnings per share 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.