Solid Power, Inc. (NASDAQ:SLDP) CTO Sells $296,250.00 in Stock

Solid Power, Inc. (NASDAQ:SLDPGet Free Report) CTO Joshua Buettner-Garrett sold 187,500 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $1.58, for a total transaction of $296,250.00. Following the transaction, the chief technology officer now directly owns 356,433 shares in the company, valued at $563,164.14. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Joshua Buettner-Garrett also recently made the following trade(s):

  • On Thursday, January 11th, Joshua Buettner-Garrett sold 187,500 shares of Solid Power stock. The stock was sold at an average price of $1.29, for a total transaction of $241,875.00.
  • On Tuesday, December 5th, Joshua Buettner-Garrett sold 187,500 shares of Solid Power stock. The stock was sold at an average price of $1.47, for a total transaction of $275,625.00.

Solid Power Stock Performance

SLDP stock opened at $1.63 on Friday. Solid Power, Inc. has a one year low of $1.10 and a one year high of $3.76. The stock has a market capitalization of $290.85 million, a PE ratio of -6.27 and a beta of 1.72. The company has a fifty day moving average of $1.42 and a 200-day moving average of $1.73.

Institutional Trading of Solid Power

Hedge funds have recently made changes to their positions in the company. UBS Group AG lifted its stake in shares of Solid Power by 28.0% in the fourth quarter. UBS Group AG now owns 139,165 shares of the company’s stock valued at $202,000 after purchasing an additional 30,467 shares during the period. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Solid Power in the fourth quarter valued at about $37,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Solid Power by 5.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 996,763 shares of the company’s stock valued at $1,445,000 after purchasing an additional 52,076 shares during the period. Brave Asset Management Inc. lifted its stake in shares of Solid Power by 90.9% in the fourth quarter. Brave Asset Management Inc. now owns 21,000 shares of the company’s stock valued at $30,000 after purchasing an additional 10,000 shares during the period. Finally, FNY Investment Advisers LLC acquired a new stake in shares of Solid Power in the fourth quarter valued at about $256,000. Institutional investors and hedge funds own 25.62% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC reduced their target price on shares of Solid Power from $4.00 to $3.00 and set a “buy” rating for the company in a research note on Wednesday, November 8th.

Read Our Latest Stock Analysis on SLDP

Solid Power Company Profile

(Get Free Report)

Solid Power, Inc develops solid state battery technologies for the electric vehicles (EV) and other markets in the United States. The company sell its sulfide-based solid electrolyte and to license its solid-state cell designs and manufacturing processes. It also produces and sells 0.2, 2, 20 ampere-hour (Ah), and EV cells.

Further Reading

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