Complete Solaria, Inc. (NASDAQ:CSLR) Director Sells $47,700.00 in Stock

Complete Solaria, Inc. (NASDAQ:CSLR) Director Tidjane Thiam sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $1.59, for a total value of $47,700.00. Following the sale, the director now directly owns 158,624 shares of the company’s stock, valued at $252,212.16. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Complete Solaria Price Performance

Complete Solaria stock traded down $0.05 during trading hours on Tuesday, hitting $1.78. The company had a trading volume of 421,004 shares, compared to its average volume of 1,537,818. The company has a 50-day moving average price of $1.45 and a two-hundred day moving average price of $1.11. Complete Solaria, Inc. has a 1 year low of $0.20 and a 1 year high of $2.92.

Wall Street Analysts Forecast Growth

Separately, Cantor Fitzgerald reiterated an “overweight” rating and issued a $6.00 target price on shares of Complete Solaria in a research note on Friday.

Institutional Trading of Complete Solaria

Institutional investors and hedge funds have recently modified their holdings of the stock. Carlyle Group Inc. grew its stake in Complete Solaria by 79.8% in the first quarter. Carlyle Group Inc. now owns 4,936,483 shares of the company’s stock worth $2,715,000 after purchasing an additional 2,190,604 shares in the last quarter. K2 Principal Fund L.P. raised its position in Complete Solaria by 107.1% during the 4th quarter. K2 Principal Fund L.P. now owns 41,623 shares of the company’s stock valued at $67,000 after purchasing an additional 21,524 shares in the last quarter. Hollow Brook Wealth Management LLC purchased a new stake in shares of Complete Solaria in the 4th quarter worth $62,000. Finally, Symmetry Peak Management LLC bought a new position in shares of Complete Solaria during the 4th quarter worth $48,000. Institutional investors own 30.25% of the company’s stock.

Complete Solaria Company Profile

Complete Solaria, Inc provides custom solar solutions in the United States. The company offers solar systems to homeowners and small to medium-sized commercial customers. It also provides HelioQuoteTM software system, a platform for residential solar designs, proposals, and engineering services. In addition, the company installs solar systems, as well as provides financing solutions.