Joshua Buettner-Garrett Sells 187,500 Shares of Solid Power, Inc. (NASDAQ:SLDP) Stock

Solid Power, Inc. (NASDAQ:SLDP) CTO Joshua Buettner-Garrett sold 187,500 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $1.13, for a total value of $211,875.00. Following the completion of the transaction, the chief technology officer now directly owns 865,304 shares of the company’s stock, valued at $977,793.52. This represents a 17.81 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Monday, January 6th, Joshua Buettner-Garrett sold 187,500 shares of Solid Power stock. The shares were sold at an average price of $2.09, for a total value of $391,875.00.
• On Monday, December 16th, Joshua Buettner-Garrett sold 187,500 shares of Solid Power stock. The shares were sold at an average price of $1.07, for a total value of $200,625.00.

Solid Power Price Performance

SLDP stock opened at $1.15 on Monday. Solid Power, Inc. has a twelve month low of $1.00 and a twelve month high of $2.70. The firm has a market cap of $207.45 million, a PE ratio of -2.35 and a beta of 1.42. The business has a 50 day moving average of $1.50 and a 200 day moving average of $1.35.

Solid Power (NASDAQ:SLDP) last posted its earnings results on Thursday, February 27th. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.04). The business had revenue of $4.46 million during the quarter, compared to the consensus estimate of $3.85 million. Solid Power had a negative return on equity of 18.08% and a negative net margin of 471.22%.

Analyst Ratings Changes

Separately, Needham & Company LLC reaffirmed a “buy” rating and set a $2.00 price objective on shares of Solid Power in a research report on Wednesday, January 15th.

Institutional Trading of Solid Power

A number of institutional investors and hedge funds have recently modified their holdings of the business. Charles Schwab Investment Management Inc. increased its holdings in shares of Solid Power by 0.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,163,561 shares of the company’s stock worth $2,199,000 after purchasing an additional 9,097 shares in the last quarter. Cibc World Markets Corp bought a new stake in shares of Solid Power in the 4th quarter worth $27,000. ProShare Advisors LLC increased its holdings in shares of Solid Power by 50.6% in the 4th quarter. ProShare Advisors LLC now owns 43,589 shares of the company’s stock worth $82,000 after purchasing an additional 14,655 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Solid Power by 31.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 67,987 shares of the company’s stock worth $129,000 after purchasing an additional 16,105 shares in the last quarter. Finally, Belvedere Trading LLC bought a new stake in shares of Solid Power in the 4th quarter worth $33,000. Institutional investors own 33.66% of the company’s stock.

About Solid Power

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