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

Solid Power, Inc. (NASDAQ:SLDP) CTO Joshua Buettner-Garrett sold 187,500 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief technology officer now directly owns 865,304 shares in the company, valued at approximately $977,793.52. This trade represents a 17.81 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through 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 shares were sold at an average price of $1.07, for a total value of $200,625.00.

Solid Power Price Performance

Solid Power stock opened at $1.15 on Friday. The stock has a market capitalization of $207.45 million, a price-to-earnings ratio of -2.35 and a beta of 1.42. Solid Power, Inc. has a 1-year low of $1.00 and a 1-year high of $2.70. The business has a fifty day moving average price of $1.52 and a 200-day moving average price of $1.35.

Solid Power (NASDAQ:SLDP) last released its quarterly earnings data 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 company had revenue of $4.46 million for the quarter, compared to analysts’ expectations of $3.85 million. Solid Power had a negative net margin of 471.22% and a negative return on equity of 18.08%.

Analyst Ratings Changes

Separately, Needham & Company LLC reaffirmed a “buy” rating and set a $2.00 target price on shares of Solid Power in a research report on Wednesday, January 15th.

Institutional Investors Weigh In On Solid Power

Several institutional investors have recently bought and sold shares of SLDP. Intech Investment Management LLC acquired a new stake in Solid Power in the 3rd quarter worth about $62,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Solid Power by 10.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,154,464 shares of the company’s stock worth $1,559,000 after purchasing an additional 106,380 shares during the last quarter. State Street Corp boosted 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 purchasing an additional 19,209 shares during the last quarter. Yaupon Capital Management LP boosted 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 worth $3,212,000 after purchasing an additional 513,689 shares during the last quarter. Finally, Barclays PLC boosted its holdings in shares of Solid Power by 268.4% during the 3rd quarter. Barclays PLC now owns 200,619 shares of the company’s stock worth $271,000 after purchasing an additional 146,157 shares during the last quarter. 33.66% of the stock is currently owned by institutional investors and hedge funds.

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.