Solid Power, Inc. (NASDAQ:SLDP) CTO Sells $200,625.00 in Stock

Solid Power, Inc. (NASDAQ:SLDP) CTO Joshua Buettner-Garrett sold 187,500 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $1.07, for a total value of $200,625.00. Following the completion of the transaction, the chief technology officer now directly owns 869,720 shares in the company, valued at approximately $930,600.40. This trade represents a 17.74 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

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

Solid Power Stock Down 4.2 %

Shares of SLDP opened at $1.13 on Friday. The company has a market cap of $203.84 million, a P/E ratio of -2.31 and a beta of 1.70. Solid Power, Inc. has a fifty-two week low of $1.00 and a fifty-two week high of $2.35. The firm’s 50 day moving average price is $1.16 and its 200 day moving average price is $1.43.

Institutional Trading of Solid Power

Large investors have recently modified their holdings of the stock. SG Americas Securities LLC boosted its holdings in Solid Power by 79.6% in the second quarter. SG Americas Securities LLC now owns 27,819 shares of the company’s stock valued at $46,000 after purchasing an additional 12,328 shares during the period. State Street Corp boosted its stake in shares of Solid Power by 0.7% in the 3rd quarter. State Street Corp now owns 2,962,235 shares of the company’s stock valued at $3,999,000 after buying an additional 19,209 shares during the period. Vanguard Personalized Indexing Management LLC grew its position in shares of Solid Power by 71.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 61,044 shares of the company’s stock worth $101,000 after buying an additional 25,520 shares in the last quarter. American Century Companies Inc. purchased a new stake in shares of Solid Power during the second quarter worth approximately $60,000. Finally, Silver Lake Advisory LLC acquired a new stake in Solid Power in the second quarter valued at approximately $69,000. Hedge funds and other institutional investors own 33.66% of the company’s stock.

Analyst Ratings Changes

SLDP has been the subject of a number of research analyst reports. Wolfe Research initiated coverage on shares of Solid Power in a research report on Thursday, September 5th. They set an “underperform” rating and a $1.00 price objective for the company. Needham & Company LLC lowered their price target on Solid Power from $3.00 to $2.00 and set a “buy” rating for the company 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.