Connor Clark & Lunn Investment Management Ltd. Invests $254,000 in SES AI Co. (NYSE:SES)

Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of SES AI Co. (NYSE:SES) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 116,087 shares of the company’s stock, valued at approximately $254,000.

A number of other institutional investors and hedge funds have also bought and sold shares of SES. Geode Capital Management LLC grew its stake in shares of SES AI by 2.8% in the 3rd quarter. Geode Capital Management LLC now owns 3,094,624 shares of the company’s stock worth $1,980,000 after acquiring an additional 83,607 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in SES AI by 4.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,162,112 shares of the company’s stock valued at $744,000 after buying an additional 46,778 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of SES AI by 204.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 182,977 shares of the company’s stock worth $117,000 after buying an additional 122,803 shares during the last quarter. Barclays PLC grew its holdings in shares of SES AI by 281.1% in the third quarter. Barclays PLC now owns 171,860 shares of the company’s stock valued at $109,000 after acquiring an additional 126,763 shares in the last quarter. Finally, Anson Funds Management LP purchased a new stake in shares of SES AI during the third quarter valued at approximately $108,000. 29.78% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at SES AI

In related news, CFO Jing Nealis sold 150,000 shares of SES AI stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $1.02, for a total value of $153,000.00. 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. The trade was a 7.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Kang Xu sold 27,969 shares of the stock in a transaction on Monday, February 10th. The stock was 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 approximately $519,819.30. This represents a 5.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 547,471 shares of company stock worth $610,541 over the last ninety days. 15.07% of the stock is currently owned by company insiders.

SES AI Trading Down 1.5 %

SES stock opened at $0.52 on Monday. The stock has a market cap of $191.08 million, a P/E ratio of -2.28 and a beta of 0.40. The stock’s fifty day simple moving average is $0.86 and its two-hundred day simple moving average is $0.78. SES AI Co. has a 1-year low of $0.20 and a 1-year high of $2.53.

SES AI (NYSE:SES) last announced its quarterly earnings data on Tuesday, February 25th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.04). The business had revenue of $2.04 million for the quarter. As a group, analysts forecast that SES AI Co. will post -0.23 earnings per share for the current fiscal 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.