Insider Selling: Solid Power, Inc. (NASDAQ:SLDP) CTO Sells 187,500 Shares of Stock

Solid Power, Inc. (NASDAQ:SLDP) CTO Joshua Buettner-Garrett sold 187,500 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $1.07, for a total value 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. This 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 is accessible through this link.

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

• On Monday, October 7th, Joshua Buettner-Garrett sold 187,500 shares of Solid Power stock. The stock was sold at an average price of $1.26, for a total transaction of $236,250.00.
• 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 transaction 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 transaction of $266,250.00.

Solid Power Stock Up 6.6 %

Shares of SLDP stock traded up $0.07 on Wednesday, hitting $1.13. 3,296,365 shares of the stock traded hands, compared to its average volume of 2,374,431. The firm has a 50 day simple moving average of $1.26 and a two-hundred day simple moving average of $1.55. Solid Power, Inc. has a 52 week low of $1.06 and a 52 week high of $2.35.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Wolfe Research assumed coverage on Solid Power in a report on Thursday, September 5th. They issued an “underperform” rating and a $1.00 target price on the stock. Needham & Company LLC decreased their price objective on Solid Power from $3.00 to $2.00 and set a “buy” rating on the stock in a research note on Monday.

Hedge Funds Weigh In On Solid Power

Several large investors have recently made changes to their positions in the business. SG Americas Securities LLC purchased a new position in Solid Power in the 1st quarter worth approximately $31,000. Vanguard Group Inc. lifted its holdings in shares of Solid Power by 14.9% in the first quarter. Vanguard Group Inc. now owns 7,298,206 shares of the company’s stock worth $14,815,000 after buying an additional 944,162 shares in the last quarter. Paloma Partners Management Co purchased a new position in shares of Solid Power in the first quarter worth $48,000. Jacobs Levy Equity Management Inc. bought a new position in shares of Solid Power during the first quarter worth $634,000. Finally, Silver Lake Advisory LLC purchased a new position in Solid Power during the second quarter valued at $69,000. 33.66% of the stock is currently owned by hedge funds and other institutional investors.

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.