Complete Solaria, Inc. (NASDAQ:CSLR) Major Shareholder Solis Holdings L.L.C. Crsef Sells 133,643 Shares

Complete Solaria, Inc. (NASDAQ:CSLR) major shareholder Solis Holdings L.L.C. Crsef sold 133,643 shares of the company’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $2.51, for a total transaction of $335,443.93. Following the transaction, the insider now owns 4,767,697 shares of the company’s stock, valued at approximately $11,966,919.47. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Complete Solaria Trading Down 8.1 %

CSLR traded down $0.19 on Wednesday, hitting $2.16. 2,634,917 shares of the company’s stock were exchanged, compared to its average volume of 1,387,083. Complete Solaria, Inc. has a fifty-two week low of $0.20 and a fifty-two week high of $3.37. The firm has a 50-day moving average price of $2.04 and a 200-day moving average price of $1.43.

Complete Solaria (NASDAQ:CSLR) last posted its quarterly earnings results on Wednesday, August 14th. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.16). The company had revenue of $4.49 million for the quarter, compared to analysts’ expectations of $11.00 million. Research analysts forecast that Complete Solaria, Inc. will post -0.33 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Cantor Fitzgerald reissued an “overweight” rating and set a $6.00 target price on shares of Complete Solaria in a report on Tuesday, October 1st.

Institutional Investors Weigh In On Complete Solaria

A number of large investors have recently made changes to their positions in the stock. Carlyle Group Inc. lifted its position in Complete Solaria by 79.8% during the first quarter. Carlyle Group Inc. now owns 4,936,483 shares of the company’s stock worth $2,715,000 after buying an additional 2,190,604 shares in the last quarter. Symmetry Peak Management LLC purchased a new position in shares of Complete Solaria during the 4th quarter worth $48,000. Finally, K2 Principal Fund L.P. boosted its position in shares of Complete Solaria by 107.1% during the 4th quarter. K2 Principal Fund L.P. now owns 41,623 shares of the company’s stock valued at $67,000 after acquiring an additional 21,524 shares during the last quarter. 30.25% of the stock is currently owned by hedge funds and other institutional investors.

Complete Solaria Company Profile

Complete Solaria, Inc provides custom solar solutions in the United States. The company offers solar systems to homeowners and small to medium-sized commercial customers. It also provides HelioQuoteTM software system, a platform for residential solar designs, proposals, and engineering services. In addition, the company installs solar systems, as well as provides financing solutions.