Solid Power, Inc. (NASDAQ:SLDP - Get Free Report) CTO Joshua Buettner-Garrett sold 187,500 shares of the company's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $1.13, for a total value of $211,875.00. Following the sale, the chief technology officer now directly owns 865,304 shares in the company, valued at $977,793.52. This represents a 17.81 % decrease in their position. 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, January 6th, Joshua Buettner-Garrett sold 187,500 shares of Solid Power stock. The stock was sold at an average price of $2.09, for a total value of $391,875.00.
- On Monday, December 16th, Joshua Buettner-Garrett sold 187,500 shares of Solid Power stock. The stock was sold at an average price of $1.07, for a total value of $200,625.00.
Solid Power Stock Performance
Shares of Solid Power stock opened at $1.15 on Friday. Solid Power, Inc. has a twelve month low of $1.00 and a twelve month high of $2.70. The stock has a market cap of $207.45 million, a price-to-earnings ratio of -2.35 and a beta of 1.42. The company has a fifty day moving average price of $1.52 and a 200 day moving average price of $1.35.
Solid Power (NASDAQ:SLDP - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported ($0.17) earnings per share for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.04). The business had revenue of $4.46 million for the quarter, compared to the consensus estimate of $3.85 million. Solid Power had a negative return on equity of 18.08% and a negative net margin of 471.22%.
Analysts Set New Price Targets
Separately, Needham & Company LLC restated a "buy" rating and issued a $2.00 price objective on shares of Solid Power in a research note on Wednesday, January 15th.
Read Our Latest Stock Report on Solid Power
Institutional Investors Weigh In On Solid Power
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Solid Power by 12.3% in the 4th quarter. Vanguard Group Inc. now owns 8,353,470 shares of the company's stock worth $15,788,000 after buying an additional 912,649 shares in the last quarter. Invesco Ltd. lifted its position in Solid Power by 9.9% in the 4th quarter. Invesco Ltd. now owns 3,802,147 shares of the company's stock worth $7,186,000 after buying an additional 342,114 shares in the last quarter. Geode Capital Management LLC lifted its position in Solid Power by 4.5% in the 4th quarter. Geode Capital Management LLC now owns 3,559,922 shares of the company's stock worth $6,729,000 after buying an additional 152,907 shares in the last quarter. State Street Corp lifted its position 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 in the last quarter. Finally, Yaupon Capital Management LP raised its holdings in shares of Solid Power by 27.5% during the 3rd quarter. Yaupon Capital Management LP now owns 2,379,462 shares of the company's stock valued at $3,212,000 after purchasing an additional 513,689 shares in the last quarter. Hedge funds and other institutional investors own 33.66% of the company's stock.
About Solid Power
(
Get Free Report)
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.
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