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

Solid Power, Inc. (NASDAQ:SLDP - Get Free Report) CTO Joshua Buettner-Garrett sold 187,500 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $1.13, for a total transaction of $211,875.00. Following the sale, the chief technology officer now directly owns 865,304 shares in the company, valued at approximately $977,793.52. The trade was a 17.81 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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 shares were sold at an average price of $2.09, for a total transaction of $391,875.00.
• On Monday, December 16th, Joshua Buettner-Garrett sold 187,500 shares of Solid Power stock. The stock was sold at an average price of $1.07, for a total value of $200,625.00.

Solid Power Stock Up 0.5 %

NASDAQ:SLDP traded up $0.01 during trading hours on Tuesday, reaching $1.08. 1,098,999 shares of the company's stock were exchanged, compared to its average volume of 3,434,501. Solid Power, Inc. has a 1-year low of $1.00 and a 1-year high of $2.70. The firm has a market capitalization of $193.92 million, a price-to-earnings ratio of -2.19 and a beta of 1.42. The company has a 50-day moving average of $1.48 and a 200 day moving average of $1.34.

Solid Power (NASDAQ:SLDP - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.04). Solid Power had a negative return on equity of 18.08% and a negative net margin of 471.22%. The company had revenue of $4.46 million for the quarter, compared to analysts' expectations of $3.85 million.

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Institutional Trading of Solid Power

Several hedge funds and other institutional investors have recently made changes to their positions in SLDP. Barclays PLC raised its holdings in Solid Power by 268.4% during the third quarter. Barclays PLC now owns 200,619 shares of the company's stock worth $271,000 after purchasing an additional 146,157 shares in the last quarter. Geode Capital Management LLC raised its stake 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 worth $4,600,000 after buying an additional 88,754 shares in the last quarter. State Street Corp raised its stake 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 buying an additional 19,209 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of Solid Power by 205.5% in the 4th quarter. SG Americas Securities LLC now owns 182,685 shares of the company's stock valued at $345,000 after buying an additional 122,888 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of 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 valued at $1,559,000 after buying an additional 106,380 shares in the last quarter. Hedge funds and other institutional investors own 33.66% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC restated a "buy" rating and set a $2.00 price target on shares of Solid Power in a research note on Wednesday, January 15th.

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.