Belvedere Trading LLC Purchases Shares of 17,462 Solid Power, Inc. (NASDAQ:SLDP)

Belvedere Trading LLC purchased a new position in shares of Solid Power, Inc. (NASDAQ:SLDP) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,462 shares of the company’s stock, valued at approximately $33,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SLDP. Intech Investment Management LLC purchased a new stake in shares of Solid Power during the 3rd quarter worth about $62,000. SG Americas Securities LLC raised its holdings in Solid Power by 115.0% in the 3rd quarter. SG Americas Securities LLC now owns 59,797 shares of the company’s stock worth $81,000 after purchasing an additional 31,978 shares during the period. Virtu Financial LLC purchased a new position in Solid Power during the third quarter worth approximately $195,000. Barclays PLC grew its holdings 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 purchasing an additional 146,157 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Solid Power by 10.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,154,464 shares of the company’s stock valued at $1,559,000 after buying an additional 106,380 shares in the last quarter. Hedge funds and other institutional investors own 33.66% of the company’s stock.

Solid Power Trading Up 6.5 %

SLDP stock opened at $1.48 on Wednesday. The business’s 50-day moving average is $1.54 and its 200 day moving average is $1.36. Solid Power, Inc. has a 12-month low of $1.00 and a 12-month high of $2.70. The stock has a market cap of $266.98 million, a price-to-earnings ratio of -3.02 and a beta of 1.40.

Insider Transactions at Solid Power

In related news, CTO Joshua Buettner-Garrett sold 187,500 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $2.09, for a total transaction of $391,875.00. Following the transaction, the chief technology officer now directly owns 865,304 shares in the company, valued at approximately $1,808,485.36. The trade was a 17.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 7.20% of the company’s stock.

Analysts Set New Price Targets

Separately, Needham & Company LLC reiterated a “buy” rating and set a $2.00 target price on shares of Solid Power in a research report on Wednesday, January 15th.

Solid Power Company Profile

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.