Virtu Financial LLC Acquires New Holdings in Solid Power, Inc. (NASDAQ:SLDP)

Virtu Financial LLC bought a new position in Solid Power, Inc. (NASDAQ:SLDP) in the third quarter, according to the company in its most recent disclosure with the SEC. The fund bought 144,237 shares of the company’s stock, valued at approximately $195,000. Virtu Financial LLC owned 0.08% of Solid Power at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in SLDP. Bank of New York Mellon Corp grew its holdings in shares of Solid Power by 23.2% in the second quarter. Bank of New York Mellon Corp now owns 577,634 shares of the company’s stock worth $953,000 after acquiring an additional 108,847 shares during the period. Silver Lake Advisory LLC bought a new stake in shares of Solid Power during the 2nd quarter valued at about $69,000. SG Americas Securities LLC lifted its stake in shares of Solid Power by 79.6% in the 2nd quarter. SG Americas Securities LLC now owns 27,819 shares of the company’s stock worth $46,000 after purchasing an additional 12,328 shares during the period. Aristides Capital LLC purchased a new position in shares of Solid Power in the second quarter worth approximately $160,000. Finally, Intech Investment Management LLC bought a new stake in Solid Power during the third quarter valued at approximately $62,000. 33.66% of the stock is currently owned by hedge funds and other institutional investors.

Solid Power Price Performance

Shares of SLDP stock opened at $1.18 on Thursday. Solid Power, Inc. has a one year low of $1.00 and a one year high of $2.35. The company’s fifty day moving average price is $1.16 and its 200-day moving average price is $1.43. The company has a market capitalization of $212.86 million, a price-to-earnings ratio of -2.41 and a beta of 1.70.

Analyst Ratings Changes

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

Insider Buying and Selling at Solid Power

In other Solid Power news, Director Erik J. Anderson sold 506,283 shares of Solid Power 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 sale, the director now directly owns 187,617 shares in the company, valued at approximately $238,273.59. The trade was a 72.96 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Joshua Buettner-Garrett sold 187,500 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $1.07, for a total transaction of $200,625.00. Following the transaction, the chief technology officer now directly owns 869,720 shares of the company’s stock, valued at $930,600.40. This trade represents a 17.74 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,068,783 shares of company stock valued at $1,280,479 over the last ninety days. 7.20% of the stock is currently owned by company insiders.

About Solid Power

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.