Insider Buying: Bolt Projects (NASDAQ:BSLK) CFO Acquires 5,141 Shares of Stock

Bolt Projects Holdings, Inc. (NASDAQ:BSLK) CFO Randy Befumo purchased 5,141 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The shares were purchased at an average price of $3.88 per share, for a total transaction of $19,947.08. Following the acquisition, the chief financial officer directly owned 55,304 shares of the company’s stock, valued at $214,579.52. This trade represents a 10.25% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Bolt Projects Price Performance

BSLK stock opened at $4.25 on Friday. Bolt Projects Holdings, Inc. has a 52-week low of $1.75 and a 52-week high of $27.40. The company’s 50 day simple moving average is $4.05 and its 200-day simple moving average is $4.93. The firm has a market capitalization of $8.76 million, a P/E ratio of -1.63 and a beta of 0.24.

Bolt Projects (NASDAQ:BSLK) last released its quarterly earnings results on Tuesday, August 12th. The company reported ($2.20) earnings per share (EPS) for the quarter. The firm had revenue of $1.30 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Bolt Projects stock. Geode Capital Management LLC boosted its stake in shares of Bolt Projects Holdings, Inc. (NASDAQ:BSLK) by 307.5% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 58,838 shares of the company’s stock after purchasing an additional 44,400 shares during the period. Geode Capital Management LLC owned about 0.18% of Bolt Projects worth $29,000 at the end of the most recent reporting period. 5.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of Bolt Projects from a “hold” rating to a “strong sell” rating in a report on Saturday, August 16th.

About Bolt Projects

Bolt Projects Holdings, Inc operates as a material solutions company. The company offers B-SILK PROTEIN, a biodegradable ingredient for the beauty and personal care industry. Its products also include MYLO, a mycelium-based leather material; and MICROSILK, a silk fiber. The company is based in San Francisco, California.