Complete Solaria, Inc. (NASDAQ:CSLR) Major Shareholder Sells $335,443.93 in Stock

Complete Solaria, Inc. (NASDAQ:CSLR) major shareholder Solis Holdings L.L.C. Crsef sold 133,643 shares of the company’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $2.51, for a total value of $335,443.93. Following the completion of the sale, the insider now directly owns 4,767,697 shares in the company, valued at $11,966,919.47. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Solis Holdings L.L.C. Crsef also recently made the following trade(s):

• On Wednesday, October 9th, Solis Holdings L.L.C. Crsef sold 924,466 shares of Complete Solaria stock. The shares were sold at an average price of $2.14, for a total value of $1,978,357.24.

Complete Solaria Stock Up 3.1 %

CSLR opened at $2.34 on Friday. Complete Solaria, Inc. has a 52 week low of $0.20 and a 52 week high of $3.37. The business’s fifty day simple moving average is $2.10 and its 200 day simple moving average is $1.45.

Complete Solaria (NASDAQ:CSLR) last posted its quarterly earnings data on Wednesday, August 14th. The company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.16). The company had revenue of $4.49 million during the quarter, compared to analyst estimates of $11.00 million. On average, equities analysts expect that Complete Solaria, Inc. will post -0.37 EPS for the current fiscal year.

Hedge Funds Weigh In On Complete Solaria

Large investors have recently added to or reduced their stakes in the business. Symmetry Peak Management LLC purchased a new position in Complete Solaria during the fourth quarter worth about $48,000. K2 Principal Fund L.P. lifted its position in Complete Solaria by 107.1% during the fourth quarter. K2 Principal Fund L.P. now owns 41,623 shares of the company’s stock worth $67,000 after buying an additional 21,524 shares during the period. Finally, Carlyle Group Inc. lifted its position in Complete Solaria by 79.8% during the first quarter. Carlyle Group Inc. now owns 4,936,483 shares of the company’s stock worth $2,715,000 after buying an additional 2,190,604 shares during the period. 30.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $6.00 price objective on shares of Complete Solaria in a research note on Tuesday, October 1st.

Complete Solaria Company Profile

Complete Solaria, Inc provides custom solar solutions in the United States. The company offers solar systems to homeowners and small to medium-sized commercial customers. It also provides HelioQuoteTM software system, a platform for residential solar designs, proposals, and engineering services. In addition, the company installs solar systems, as well as provides financing solutions.