Jacobs Levy Equity Management Inc. Sells 268,116 Shares of Solid Power, Inc. (NASDAQ:SLDP)

Jacobs Levy Equity Management Inc. decreased its holdings in shares of Solid Power, Inc. (NASDAQ:SLDP) by 40.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 398,338 shares of the company’s stock after selling 268,116 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.22% of Solid Power worth $538,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in SLDP. SG Americas Securities LLC increased its holdings in Solid Power by 79.6% in the second quarter. SG Americas Securities LLC now owns 27,819 shares of the company’s stock valued at $46,000 after purchasing an additional 12,328 shares during the last quarter. American Century Companies Inc. acquired a new position in shares of Solid Power during the 2nd quarter worth about $60,000. Intech Investment Management LLC bought a new stake in shares of Solid Power in the 3rd quarter valued at about $62,000. Silver Lake Advisory LLC acquired a new stake in shares of Solid Power in the 2nd quarter valued at approximately $69,000. Finally, Vanguard Personalized Indexing Management LLC boosted its stake in Solid Power by 71.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 61,044 shares of the company’s stock worth $101,000 after acquiring an additional 25,520 shares during the last quarter. Institutional investors and hedge funds own 33.66% of the company’s stock.

Solid Power Trading Up 6.4 %

Shares of SLDP opened at $1.17 on Tuesday. The company’s fifty day simple moving average is $1.18 and its 200 day simple moving average is $1.46. Solid Power, Inc. has a 1-year low of $1.00 and a 1-year high of $2.35. The company has a market cap of $211.06 million, a price-to-earnings ratio of -2.39 and a beta of 1.71.

Insiders Place Their Bets

In related news, CTO Joshua Buettner-Garrett sold 187,500 shares of Solid Power stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $1.07, for a total transaction of $200,625.00. Following the completion of the sale, the chief technology officer now directly owns 869,720 shares of the company’s stock, valued at approximately $930,600.40. This trade represents a 17.74 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Erik J. Anderson sold 506,283 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $1.27, for a total value of $642,979.41. Following the completion of the transaction, the director now directly owns 187,617 shares in the company, valued at approximately $238,273.59. This represents a 72.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 881,283 shares of company stock valued at $1,079,854 over the last 90 days. 7.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on SLDP shares. Needham & Company LLC cut their target price on shares of Solid Power from $3.00 to $2.00 and set a “buy” rating on the stock in a report on Monday, November 11th. Wolfe Research began coverage on Solid Power in a research note on Thursday, September 5th. They set an “underperform” rating and a $1.00 price objective on the stock.

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.