Steven H. Goldberg Sells 59,197 Shares of Solid Power, Inc. (NASDAQ:SLDP) Stock

Solid Power, Inc. (NASDAQ:SLDP) Director Steven H. Goldberg sold 59,197 shares of the firm’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $1.45, for a total value of $85,835.65. Following the completion of the transaction, the director now directly owns 82,365 shares in the company, valued at $119,429.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Solid Power Price Performance

Shares of SLDP stock opened at $1.43 on Friday. The company’s fifty day moving average price is $1.69 and its two-hundred day moving average price is $1.69. The firm has a market capitalization of $253.18 million, a P/E ratio of -3.76 and a beta of 1.77. Solid Power, Inc. has a 12 month low of $1.10 and a 12 month high of $2.35.

Solid Power (NASDAQ:SLDP) last announced its earnings results on Tuesday, August 6th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.06). The business had revenue of $5.08 million for the quarter, compared to analysts’ expectations of $13.11 million. Solid Power had a negative return on equity of 13.32% and a negative net margin of 345.37%. During the same period in the previous year, the firm posted ($0.07) earnings per share.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Needham & Company LLC reiterated a “buy” rating and issued a $3.00 target price on shares of Solid Power in a research note on Wednesday, August 7th. Chardan Capital restated a “buy” rating and issued a $5.00 price target on shares of Solid Power in a report on Wednesday, May 8th.

Hedge Funds Weigh In On Solid Power

Institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of Solid Power by 14.9% during the first quarter. Vanguard Group Inc. now owns 7,298,206 shares of the company’s stock worth $14,815,000 after buying an additional 944,162 shares in the last quarter. Bank of New York Mellon Corp grew 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 worth $953,000 after acquiring an additional 108,847 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in shares of Solid Power in the 1st quarter worth about $634,000. Quadrature Capital Ltd acquired a new stake in shares of Solid Power in the 4th quarter valued at about $253,000. Finally, Virtu Financial LLC lifted its position in shares of Solid Power by 459.4% during the fourth quarter. Virtu Financial LLC now owns 164,236 shares of the company’s stock worth $238,000 after purchasing an additional 134,875 shares during the last quarter. 33.66% of the stock is owned by institutional investors and hedge funds.

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.