Solid Power, Inc. (NASDAQ:SLDP) CTO Sells $391,875.00 in Stock

Solid Power, Inc. (NASDAQ:SLDP) CTO Joshua Buettner-Garrett sold 187,500 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $2.09, for a total value of $391,875.00. Following the sale, the chief technology officer now owns 865,304 shares in the company, valued at $1,808,485.36. The trade was a 17.81 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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 stock was sold at an average price of $1.07, for a total value of $200,625.00.

Solid Power Price Performance

Shares of SLDP stock opened at $1.82 on Thursday. The business has a 50-day moving average of $1.32 and a 200 day moving average of $1.44. Solid Power, Inc. has a 1-year low of $1.00 and a 1-year high of $2.70. The stock has a market capitalization of $328.31 million, a PE ratio of -3.71 and a beta of 1.45.

Institutional Trading of Solid Power

Institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp raised its holdings in 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 valued at $953,000 after buying an additional 108,847 shares during the last quarter. American Century Companies Inc. purchased a new position in shares of Solid Power in the second quarter valued at about $60,000. Vanguard Personalized Indexing Management LLC raised its stake in shares of Solid Power by 71.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 61,044 shares of the company’s stock valued at $101,000 after acquiring an additional 25,520 shares during the last quarter. Silver Lake Advisory LLC purchased a new stake in shares of Solid Power during the second quarter worth about $69,000. Finally, Aristides Capital LLC bought a new stake in shares of Solid Power in the second quarter worth about $160,000. Hedge funds and other institutional investors own 33.66% of the company’s stock.

Analyst Ratings Changes

Separately, Needham & Company LLC lowered their price objective 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.

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.