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

Solid Power, Inc. (NASDAQ:SLDP - Get Free Report) CTO Joshua Buettner-Garrett sold 187,500 shares of the business's 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 owns 865,304 shares of the company's stock, valued at approximately $1,808,485.36. This represents a 17.81 % decrease in their ownership of the stock. The sale was disclosed in a filing 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 Price Performance

Shares of NASDAQ SLDP traded down $0.02 during mid-day trading on Tuesday, hitting $1.99. 5,153,072 shares of the stock traded hands, compared to its average volume of 9,628,974. The company has a market cap of $358.97 million, a PE ratio of -4.06 and a beta of 1.45. Solid Power, Inc. has a twelve month low of $1.00 and a twelve month high of $2.70. The firm has a 50 day simple moving average of $1.31 and a two-hundred day simple moving average of $1.44.

Institutional Trading of Solid Power

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

Analysts Set New Price Targets

Separately, Needham & Company LLC reduced their price target on shares of Solid Power from $3.00 to $2.00 and set a "buy" rating on the stock in a research note 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.