Joshua Buettner-Garrett Sells 187,500 Shares of Solid Power, Inc. (NASDAQ:SLDP) Stock

Solid Power, Inc. (NASDAQ:SLDP) CTO Joshua Buettner-Garrett sold 187,500 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $2.09, for a total transaction of $391,875.00. Following the transaction, the chief technology officer now directly owns 865,304 shares of the company’s stock, valued at $1,808,485.36. This represents a 17.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, December 16th, 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 value of $200,625.00.
• 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 value of $200,625.00.

Solid Power Stock Performance

NASDAQ SLDP traded down $0.02 on Tuesday, hitting $1.99. The stock had a trading volume of 5,084,760 shares, compared to its average volume of 9,607,965. The company has a market capitalization of $358.97 million, a price-to-earnings ratio of -4.06 and a beta of 1.45. Solid Power, Inc. has a 52-week low of $1.00 and a 52-week high of $2.70. The firm has a 50-day moving average of $1.30 and a 200-day moving average of $1.44.

Wall Street Analyst Weigh In

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

Institutional Trading of Solid Power

Several institutional investors and hedge funds have recently modified their holdings of SLDP. Barclays PLC raised its stake in Solid Power by 268.4% in the third quarter. Barclays PLC now owns 200,619 shares of the company’s stock valued at $271,000 after purchasing an additional 146,157 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Solid Power by 2.7% during the 3rd quarter. Geode Capital Management LLC now owns 3,407,015 shares of the company’s stock valued at $4,600,000 after buying an additional 88,754 shares in the last quarter. State Street Corp lifted its holdings in shares of Solid Power by 0.7% during the 3rd quarter. State Street Corp now owns 2,962,235 shares of the company’s stock worth $3,999,000 after acquiring an additional 19,209 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Solid Power by 10.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,154,464 shares of the company’s stock worth $1,559,000 after acquiring an additional 106,380 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Solid Power by 23.2% in the second quarter. Bank of New York Mellon Corp now owns 577,634 shares of the company’s stock valued at $953,000 after acquiring an additional 108,847 shares during the last quarter. Hedge funds and other institutional investors own 33.66% of the company’s stock.

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.