Insider Selling: Bolt Projects Holdings, Inc. (NASDAQ:BSLK) President Sells $13,401.42 in Stock

Bolt Projects Holdings, Inc. (NASDAQ:BSLK) President Cintia Nardi sold 2,406 shares of the business’s stock in a transaction on Friday, May 16th. The stock was sold at an average price of $5.57, for a total value of $13,401.42. Following the completion of the transaction, the president now directly owns 6,627 shares of the company’s stock, valued at approximately $36,912.39. The trade was a 26.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Cintia Nardi also recently made the following trade(s):

• On Thursday, May 15th, Cintia Nardi sold 1,219 shares of Bolt Projects stock. The shares were sold at an average price of $6.10, for a total value of $7,435.90.
• On Wednesday, May 14th, Cintia Nardi sold 1,102 shares of Bolt Projects stock. The stock was sold at an average price of $6.31, for a total transaction of $6,953.62.

Bolt Projects Stock Performance

NASDAQ:BSLK opened at $5.68 on Monday. The company’s 50-day simple moving average is $5.93 and its 200-day simple moving average is $7.27. Bolt Projects Holdings, Inc. has a fifty-two week low of $4.53 and a fifty-two week high of $199.60.

Bolt Projects (NASDAQ:BSLK) last announced its earnings results on Monday, May 12th. The company reported ($3.00) earnings per share for the quarter. The business had revenue of $0.17 million for the quarter.

Institutional Trading of Bolt Projects

Institutional investors have recently made changes to their positions in the business. XTX Topco Ltd purchased a new position in Bolt Projects during the 4th quarter worth $27,000. Geode Capital Management LLC boosted its holdings in Bolt Projects by 307.5% in the fourth quarter. Geode Capital Management LLC now owns 58,838 shares of the company’s stock worth $29,000 after acquiring an additional 44,400 shares in the last quarter. Finally, AREX Capital Management LP purchased a new stake in shares of Bolt Projects during the fourth quarter worth about $376,000. Institutional investors and hedge funds own 5.52% of the company’s stock.

About Bolt Projects

Bolt Projects Holdings, Inc operates as a material solutions company. The company offers B-SILK PROTEIN, a biodegradable ingredient for the beauty and personal care industry. Its products also include MYLO, a mycelium-based leather material; and MICROSILK, a silk fiber. The company is based in San Francisco, California.