Solid Power, Inc. (NASDAQ:SLDP) CTO Sells $200,625.00 in Stock

Solid Power, Inc. (NASDAQ:SLDP) CTO Joshua Buettner-Garrett sold 187,500 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $1.07, for a total value of $200,625.00. Following the sale, the chief technology officer now owns 869,720 shares in the company, valued at $930,600.40. The trade was a 17.74 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Tuesday, November 12th, 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 transaction of $200,625.00.
• On Monday, October 7th, Joshua Buettner-Garrett sold 187,500 shares of Solid Power stock. The shares were sold at an average price of $1.26, for a total transaction of $236,250.00.

Solid Power Stock Performance

Shares of NASDAQ:SLDP remained flat at $1.09 during trading on Tuesday. 1,326,826 shares of the stock traded hands, compared to its average volume of 2,312,864. The company has a market capitalization of $196.62 million, a price-to-earnings ratio of -2.22 and a beta of 1.70. The company’s fifty day moving average is $1.16 and its 200-day moving average is $1.44. Solid Power, Inc. has a 12 month low of $1.00 and a 12 month high of $2.35.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Needham & Company LLC lowered their price target 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. Wolfe Research initiated coverage on Solid Power in a research note on Thursday, September 5th. They issued an “underperform” rating and a $1.00 target price for the company.

Institutional Trading of Solid Power

Institutional investors have recently bought and sold shares of the business. Yaupon Capital Management LP lifted its stake in shares of Solid Power by 27.5% in the 3rd quarter. Yaupon Capital Management LP now owns 2,379,462 shares of the company’s stock valued at $3,212,000 after purchasing an additional 513,689 shares during the period. Barclays PLC lifted 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 buying an additional 146,157 shares during the period. Virtu Financial LLC bought a new position in Solid Power during the third quarter worth about $195,000. Bank of New York Mellon Corp grew its position in shares of Solid Power by 23.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 577,634 shares of the company’s stock worth $953,000 after buying an additional 108,847 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Solid Power by 10.1% in the 3rd 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. Institutional investors and hedge funds own 33.66% of the company’s stock.

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.