6 days Ago By Defense World Staff
Renaissance Technologies LLC lifted its stake in shares of SES AI Co. (NYSE:SES – Free Report) by 202.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission.
The firm owned 665,300 shares of the company’s stock after buying an additional 445,600 shares during the period. Renaissance Technologies LLC owned approximately 0.18% of SES AI worth $1,457,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in SES. CIBC Asset Management Inc purchased a new stake in SES AI during the 4th quarter valued at about $25,000. Optas LLC purchased a new stake in SES AI in the fourth quarter valued at approximately $27,000.
Cibc World Markets Corp acquired a new position in SES AI in the 4th quarter worth approximately $27,000. SBI Securities Co. Ltd.
purchased a new position in SES AI during the 4th quarter worth approximately $30,000. Finally, Wells Fargo & Company MN lifted its stake in SES AI by 28.7% during the 4th quarter.
Wells Fargo & Company MN now owns 76,147 shares of the company’s stock valued at $167,000 after acquiring an additional 16,989 shares during the period. 29.78% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at SES AIIn other SES AI news, CEO Qichao Hu sold 194,459 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $1.17, for a total transaction of $227,517.
03. Following the transaction, the chief executive officer now owns 2,781,769 shares in the company, valued at approximately $3,254,669.73.
This represents a 6.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Also, insider Kyle Pilkington sold 44,051 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $1.17, for a total value of $51,539.
67. Following the transaction, the insider now directly owns 496,580 shares of the company’s stock, valued at approximately $580,998.60.
The trade was a 8.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here.
Over the last ninety days, insiders sold 347,471 shares of company stock worth $406,541. 15.07% of the stock is owned by corporate insiders.
SES AI Price PerformanceNYSE:SES opened at $1.05 on Tuesday. The company’s fifty day moving average price is $0.
63 and its 200-day moving average price is $0.75. SES AI Co.
has a 1-year low of $0.20 and a 1-year high of $2.53.
The firm has a market capitalization of $382.89 million, a P/E ratio of -4.57 and a beta of 0.
56. SES AI (NYSE:SES – Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported ($0.
04) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.03.
The company had revenue of $5.79 million for the quarter, compared to analyst estimates of $2.00 million.
Equities analysts anticipate that SES AI Co. will post -0.23 EPS for the current fiscal year.
SES AI Profile (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. Featured StoriesFive stocks we like better than SES AIWhat is MarketRank? How to Use itBest Defense Stocks in 2025.
.. So Far5 Top Rated Dividend Stocks to ConsiderAlphabet Rebounds After Strong Earnings and Buyback AnnouncementWhat to Know About Investing in Penny StocksCould Selling Taiwan Semiconductor Be Buffett’s Biggest Regret?Want to see what other hedge funds are holding SES? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for SES AI Co. (NYSE:SES – Free Report)..
