SES AI Target of Unusually Large Options Trading (NYSE:SES)

SES AI Co. (NYSE:SES) saw some unusual options trading activity on Thursday. Traders acquired 11,130 call options on the stock. This represents an increase of approximately 516% compared to the typical volume of 1,808 call options.

Insider Activity at SES AI

In other news, CFO Jing Nealis sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $1.02, for a total value of $51,000.00. Following the completion of the transaction, the chief financial officer now directly owns 1,935,322 shares in the company, valued at approximately $1,974,028.44. This trade represents a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder General Motors Holdings Llc sold 13,332,000 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $0.20, for a total transaction of $2,666,400.00. Following the completion of the transaction, the insider now owns 9,843,622 shares of the company’s stock, valued at $1,968,724.40. This trade represents a 57.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,532,000 shares of company stock worth $2,870,400. 15.07% of the stock is owned by company insiders.

Institutional Trading of SES AI

Several large investors have recently added to or reduced their stakes in the stock. Abel Hall LLC bought a new stake in SES AI in the fourth quarter valued at $57,000. LexAurum Advisors LLC purchased a new stake in shares of SES AI during the 4th quarter valued at about $55,000. JPMorgan Chase & Co. increased its position in shares of 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 purchasing an additional 122,803 shares during the last quarter. Barclays PLC increased its position in shares of SES AI by 281.1% during the 3rd quarter. Barclays PLC now owns 171,860 shares of the company’s stock valued at $109,000 after purchasing an additional 126,763 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of SES AI by 2.8% during the 3rd quarter. Geode Capital Management LLC now owns 3,094,624 shares of the company’s stock valued at $1,980,000 after acquiring an additional 83,607 shares during the period. Institutional investors own 29.78% of the company’s stock.

SES AI Stock Performance

SES stock opened at $1.12 on Friday. The company has a market capitalization of $402.05 million, a PE ratio of -4.85 and a beta of 0.37. SES AI has a one year low of $0.20 and a one year high of $2.53. The company’s 50 day moving average price is $0.86 and its two-hundred day moving average price is $0.86.

SES AI (NYSE:SES) last issued its earnings results on Thursday, October 31st. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.04). During the same period in the previous year, the company posted ($0.04) EPS. On average, 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.