Insider Selling: Solid Power, Inc. (NASDAQ:SLDP) CTO Sells $236,250.00 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, October 7th. The stock was sold at an average price of $1.26, for a total value of $236,250.00. Following the completion of the sale, the chief technology officer now owns 869,720 shares of the company’s stock, valued at $1,095,847.20. This trade represents a 0.00 % decrease 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.

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

• On Tuesday, September 10th, Joshua Buettner-Garrett sold 187,500 shares of Solid Power stock. The shares were sold at an average price of $1.21, for a total value of $226,875.00.
• On Monday, August 19th, Joshua Buettner-Garrett sold 187,500 shares of Solid Power stock. The stock was sold at an average price of $1.42, for a total value of $266,250.00.

Solid Power Price Performance

NASDAQ SLDP traded down $0.02 on Tuesday, hitting $1.24. 1,177,244 shares of the company were exchanged, compared to its average volume of 2,487,389. Solid Power, Inc. has a twelve month low of $1.10 and a twelve month high of $2.35. The firm has a market capitalization of $219.54 million, a P/E ratio of -3.32 and a beta of 1.73. The company’s 50 day moving average price is $1.40 and its 200-day moving average price is $1.65.

Solid Power (NASDAQ:SLDP) last released its quarterly earnings results on Tuesday, August 6th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.06). Solid Power had a negative net margin of 393.42% and a negative return on equity of 15.87%. The firm had revenue of $5.08 million for the quarter, compared to analyst estimates of $13.11 million. During the same quarter in the prior year, the firm earned ($0.07) EPS.

Institutional Investors Weigh In On Solid Power

A number of institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC lifted its position in shares of Solid Power by 115.0% in the third 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. Aristides Capital LLC acquired a new position in shares of Solid Power in the second quarter worth $160,000. Silver Lake Advisory LLC purchased a new stake in shares of Solid Power during the second quarter worth $69,000. Vanguard Personalized Indexing Management LLC boosted its position in Solid Power by 71.8% during 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. Finally, American Century Companies Inc. purchased a new position in Solid Power in the second quarter valued at about $60,000. 33.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SLDP has been the subject of several research reports. Needham & Company LLC restated a “buy” rating and set a $3.00 price objective on shares of Solid Power in a research report on Wednesday, August 7th. Wolfe Research assumed coverage on shares of Solid Power in a report on Thursday, September 5th. They set an “underperform” rating and a $1.00 target price for the company.

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.