Insider Selling: Solid Power, Inc. (NASDAQ:SLDP) CTO Sells $266,250.00 in Stock

Solid Power, Inc. (NASDAQ:SLDP) CTO Joshua Buettner-Garrett sold 187,500 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $1.42, for a total transaction of $266,250.00. Following the completion of the sale, the chief technology officer now directly owns 683,057 shares of the company’s stock, valued at $969,940.94. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Tuesday, July 9th, Joshua Buettner-Garrett sold 187,500 shares of Solid Power stock. The stock was sold at an average price of $1.66, for a total value of $311,250.00.
• On Friday, June 14th, Joshua Buettner-Garrett sold 187,500 shares of Solid Power stock. The shares were sold at an average price of $1.66, for a total value of $311,250.00.

Solid Power Stock Performance

Shares of NASDAQ:SLDP opened at $1.41 on Friday. The company has a market capitalization of $249.63 million, a PE ratio of -3.71 and a beta of 1.77. The stock has a fifty day moving average of $1.71 and a 200-day moving average of $1.70. Solid Power, Inc. has a one year low of $1.10 and a one year high of $2.35.

Solid Power (NASDAQ:SLDP) last announced its earnings results on Tuesday, August 6th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.06). Solid Power had a negative net margin of 345.37% and a negative return on equity of 13.32%. The company had revenue of $5.08 million for the quarter, compared to analysts’ expectations of $13.11 million. During the same period in the prior year, the company earned ($0.07) earnings per share.

Institutional Trading of Solid Power

A number of hedge funds have recently bought and sold shares of SLDP. Virtu Financial LLC raised its holdings in shares of Solid Power by 459.4% during the fourth quarter. Virtu Financial LLC now owns 164,236 shares of the company’s stock valued at $238,000 after acquiring an additional 134,875 shares during the period. Jacobs Levy Equity Management Inc. purchased a new position in Solid Power during the 1st quarter worth approximately $634,000. Vanguard Group Inc. raised its stake in Solid Power by 14.9% during the 1st quarter. Vanguard Group Inc. now owns 7,298,206 shares of the company’s stock valued at $14,815,000 after purchasing an additional 944,162 shares during the period. Quadrature Capital Ltd purchased a new stake in shares of Solid Power in the fourth quarter valued at $253,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Solid Power in the fourth quarter worth $37,000. 33.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on SLDP shares. Chardan Capital reaffirmed a “buy” rating and set a $5.00 target price on shares of Solid Power in a report on Wednesday, May 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $3.00 price objective on shares of Solid Power in a research note on Wednesday, August 7th.

Solid Power Company Profile

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.