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 company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $2.09, for a total value of $391,875.00. Following the sale, the chief technology officer now owns 865,304 shares of the company’s stock, valued at approximately $1,808,485.36. The trade was a 17.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• 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.
• On Tuesday, November 12th, 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 transaction of $200,625.00.

Solid Power Stock Down 8.5 %

Shares of SLDP stock opened at $1.82 on Friday. Solid Power, Inc. has a twelve month low of $1.00 and a twelve month high of $2.70. The business has a fifty day simple moving average of $1.34 and a 200 day simple moving average of $1.45. The company has a market cap of $328.31 million, a P/E ratio of -3.71 and a beta of 1.45.

Institutional Investors Weigh In On Solid Power

Hedge funds have recently made changes to their positions in the stock. American Century Companies Inc. bought a new position in Solid Power in the 2nd quarter valued at approximately $60,000. Intech Investment Management LLC acquired a new stake in shares of Solid Power during the 3rd quarter valued at $62,000. Silver Lake Advisory LLC bought a new stake in Solid Power during the 2nd quarter worth $69,000. SG Americas Securities LLC increased its holdings in Solid Power by 115.0% in the 3rd quarter. SG Americas Securities LLC now owns 59,797 shares of the company’s stock worth $81,000 after purchasing an additional 31,978 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its position in Solid Power by 71.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 61,044 shares of the company’s stock valued at $101,000 after purchasing an additional 25,520 shares during the last quarter. 33.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC cut their price target on shares of Solid Power from $3.00 to $2.00 and set a “buy” rating for the company in a report on Monday, November 11th.

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.