Adam Gishen Sells 70,000 Shares of CSLM Acquisition (NASDAQ:SPWR) Stock

CSLM Acquisition Corp. (NASDAQ:SPWR) Director Adam Gishen sold 70,000 shares of the firm’s stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $0.31, for a total transaction of $21,700.00. Following the completion of the sale, the director owned 140,655 shares of the company’s stock, valued at $43,603.05. This trade represents a 33.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

CSLM Acquisition Stock Performance

SPWR stock opened at $0.34 on Friday. CSLM Acquisition Corp. has a fifty-two week low of $0.20 and a fifty-two week high of $2.27. The business’s 50 day moving average price is $0.39 and its two-hundred day moving average price is $0.83. The company has a market capitalization of $70.30 million, a price-to-earnings ratio of -1.77 and a beta of 0.70.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on SPWR shares. Wall Street Zen raised CSLM Acquisition from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Weiss Ratings reissued a “sell (e+)” rating on shares of CSLM Acquisition in a research report on Friday, July 24th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $5.40.

Hedge Funds Weigh In On CSLM Acquisition

Institutional investors and hedge funds have recently made changes to their positions in the business. Park West Asset Management LLC purchased a new position in shares of CSLM Acquisition during the second quarter valued at approximately $83,000. Yorkville Advisors Global LP bought a new position in CSLM Acquisition during the 2nd quarter valued at approximately $378,537. BlackRock Inc. bought a new position in CSLM Acquisition during the 2nd quarter valued at approximately $862,000. Polar Asset Management Partners Inc. bought a new position in CSLM Acquisition during the 2nd quarter valued at approximately $1,436,000. Finally, Carlyle Group Inc. purchased a new position in CSLM Acquisition during the second quarter valued at $1,611,000. Institutional investors own 47.36% of the company’s stock.

CSLM Acquisition Company Profile

Complete Solaria, Inc engages in the provision of solar services. It offers sales enablement, project management, partner coordination, and customer communication. The company is headquartered in San Ramon, CA and does business as SunPower Corporation.