Jane Street Group LLC Sells 76,352 Shares of Solid Power, Inc. (NASDAQ:SLDP)

Jane Street Group LLC cut its holdings in Solid Power, Inc. (NASDAQ:SLDP) by 41.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 109,945 shares of the company’s stock after selling 76,352 shares during the period. Jane Street Group LLC owned 0.06% of Solid Power worth $148,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. State Street Corp boosted its holdings in Solid Power by 0.7% in the 3rd quarter. State Street Corp now owns 2,962,235 shares of the company’s stock worth $3,999,000 after buying an additional 19,209 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Solid Power by 10.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,154,464 shares of the company’s stock valued at $1,559,000 after purchasing an additional 106,380 shares during the period. Bank of New York Mellon Corp boosted its holdings in Solid Power by 23.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 577,634 shares of the company’s stock valued at $953,000 after purchasing an additional 108,847 shares during the period. Silver Lake Advisory LLC bought a new position in Solid Power in the 2nd quarter valued at $69,000. Finally, Intech Investment Management LLC bought a new position in Solid Power in the 3rd quarter valued at $62,000. 33.66% of the stock is owned by institutional investors.

Insider Buying and Selling at Solid Power

In other news, CTO Joshua Buettner-Garrett sold 187,500 shares of Solid Power stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $1.07, for a total transaction of $200,625.00. Following the sale, the chief technology officer now owns 869,720 shares of the company’s stock, valued at approximately $930,600.40. The trade was a 17.74 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders have sold 562,500 shares of company stock worth $793,125. 7.20% of the stock is currently owned by company insiders.

Solid Power Stock Down 2.3 %

Shares of NASDAQ:SLDP opened at $1.71 on Tuesday. The stock has a market cap of $308.47 million, a PE ratio of -3.49 and a beta of 1.70. The company’s fifty day moving average is $1.36 and its 200 day moving average is $1.44. Solid Power, Inc. has a 52 week low of $1.00 and a 52 week high of $2.70.

Analysts Set New Price Targets

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

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.