Charles Schwab Investment Management Inc. Lowers Holdings in SES AI Co. (NYSE:SES)

Charles Schwab Investment Management Inc. lowered its holdings in SES AI Co. (NYSE:SES) by 9.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,049,475 shares of the company’s stock after selling 112,637 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in SES AI were worth $2,298,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of SES. CIBC Asset Management Inc purchased a new stake in shares of SES AI during the fourth quarter worth approximately $25,000. Optas LLC purchased a new stake in SES AI in the 4th quarter valued at approximately $27,000. XTX Topco Ltd purchased a new stake in SES AI during the third quarter worth about $28,000. SBI Securities Co. Ltd. acquired a new stake in SES AI in the 4th quarter valued at about $30,000. Finally, LexAurum Advisors LLC purchased a new stake in shares of SES AI in the fourth quarter valued at $55,000. Institutional investors and hedge funds own 29.78% of the company’s stock.

Insider Activity

In other SES AI news, CTO Kang Xu sold 27,969 shares of SES AI stock in a transaction on Monday, February 10th. The stock was sold at an average price of $1.17, for a total transaction of $32,723.73. Following the sale, the chief technology officer now owns 444,290 shares of the company’s stock, valued at $519,819.30. The trade was a 5.92 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction of $51,000.00. Following the transaction, the chief financial officer now owns 1,935,322 shares in the company, valued at $1,974,028.44. This represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 397,471 shares of company stock worth $457,541 over the last ninety days. Corporate insiders own 15.07% of the company’s stock.

SES AI Stock Performance

SES stock opened at $0.55 on Friday. The company has a 50 day moving average price of $0.83 and a two-hundred day moving average price of $0.77. SES AI Co. has a one year low of $0.20 and a one year high of $2.53. The stock has a market capitalization of $198.74 million, a P/E ratio of -2.37 and a beta of 0.40.

SES AI (NYSE:SES) last posted its earnings results on Tuesday, February 25th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.04). The company had revenue of $2.04 million for the quarter. Research analysts forecast that SES AI Co. will post -0.23 earnings per share for the current fiscal year.

SES AI Company Profile

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.