Solid Power, Inc. $SLDP Shares Sold by CVA Family Office LLC

Key Points

• CVA Family Office LLC cut its stake in Solid Power by 49.3% during Q3, selling 261,000 shares and leaving 268,079 shares valued at about $930,000 (~0.15% of the company).
• Director Erik J. Anderson sold 30,000 shares on Dec. 4 at an average price of $5.20—a 15.99% reduction in his holdings—with company insiders owning roughly 4.90% of the stock.
• Analysts are split: Needham reaffirmed a Buy with a $7 target while others have cut ratings, leaving a MarketBeat consensus of Hold and an average target price of $7.00.

CVA Family Office LLC lowered its position in shares of Solid Power, Inc. (NASDAQ:SLDP - Free Report) by 49.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 268,079 shares of the company's stock after selling 261,000 shares during the quarter. CVA Family Office LLC owned approximately 0.15% of Solid Power worth $930,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the business. Creative Planning acquired a new stake in shares of Solid Power during the second quarter worth $26,000. American Century Companies Inc. purchased a new position in Solid Power during the second quarter worth about $27,000. Corient Private Wealth LLC acquired a new stake in Solid Power in the 2nd quarter worth about $31,000. Brown Advisory Inc. purchased a new stake in Solid Power in the second quarter valued at approximately $33,000. Finally, Fisher Asset Management LLC purchased a new stake in shares of Solid Power during the 2nd quarter valued at $35,000. 33.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Solid Power

In other news, Director Erik J. Anderson sold 30,000 shares of the firm's stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $5.20, for a total value of $156,000.00. Following the sale, the director directly owned 157,617 shares of the company's stock, valued at approximately $819,608.40. This trade represents a 15.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 4.90% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on SLDP shares. Needham & Company LLC reaffirmed a "buy" rating and set a $7.00 price target on shares of Solid Power in a research report on Wednesday, January 14th. Wall Street Zen lowered shares of Solid Power from a "hold" rating to a "sell" rating in a research note on Saturday, December 20th. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Solid Power in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $7.00.

Solid Power Stock Performance

Shares of SLDP stock opened at $5.26 on Thursday. The company has a market capitalization of $1.00 billion, a price-to-earnings ratio of -9.92 and a beta of 1.89. The stock's 50 day simple moving average is $5.07 and its 200 day simple moving average is $4.76. Solid Power, Inc. has a twelve month low of $0.68 and a twelve month high of $8.86.

Solid Power (NASDAQ:SLDP - Get Free Report) last announced its quarterly earnings results on Tuesday, November 4th. The company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.17) by $0.03. Solid Power had a negative return on equity of 24.88% and a negative net margin of 429.55%.The company had revenue of $4.56 million for the quarter, compared to the consensus estimate of $3.50 million.

Solid Power Company Profile

Solid Power, Inc NASDAQ: SLDP is a Colorado-based company specializing in the development and manufacturing of all-solid-state rechargeable battery cells for the electric vehicle (EV) and aerospace industries. Founded in 2012 as a spin-out from the University of Colorado Boulder, Solid Power has focused on advancing solid electrolytes and high-energy battery architectures to deliver improved safety, higher energy density and longer cycle life compared with traditional lithium-ion batteries.

The company's core offerings include multilayer solid-state battery cells that utilize sulfide-based solid electrolytes and high-capacity cathode materials.

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