Jane Street Group LLC Decreases Stock Holdings in Solid Power, Inc. (NASDAQ:SLDP)

Jane Street Group LLC trimmed its stake in shares of Solid Power, Inc. (NASDAQ:SLDP) by 41.0% in the 3rd quarter, Holdings Channel reports. The firm owned 109,945 shares of the company’s stock after selling 76,352 shares during the period. Jane Street Group LLC’s holdings in Solid Power were worth $148,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. State Street Corp increased its holdings in Solid Power by 0.7% during the third quarter. State Street Corp now owns 2,962,235 shares of the company’s stock valued at $3,999,000 after buying an additional 19,209 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Solid Power by 10.1% during 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 during the last quarter. Intech Investment Management LLC purchased a new stake in Solid Power during the third quarter valued at approximately $62,000. SG Americas Securities LLC increased its holdings in Solid Power by 115.0% during the third quarter. SG Americas Securities LLC now owns 59,797 shares of the company’s stock valued at $81,000 after buying an additional 31,978 shares during the last quarter. Finally, Aristides Capital LLC purchased a new stake in Solid Power during the second quarter valued at approximately $160,000. 33.66% of the stock is owned by hedge funds and other institutional investors.

Solid Power Price Performance

SLDP opened at $1.71 on Tuesday. The firm has a market cap of $308.47 million, a P/E ratio of -3.49 and a beta of 1.70. Solid Power, Inc. has a 1-year low of $1.00 and a 1-year high of $2.70. The company has a 50 day simple moving average of $1.36 and a two-hundred day simple moving average of $1.44.

Insiders Place Their Bets

In related news, CTO Joshua Buettner-Garrett sold 187,500 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $2.09, for a total transaction of $391,875.00. Following the completion of the transaction, the chief technology officer now owns 865,304 shares in the company, valued at approximately $1,808,485.36. This represents a 17.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 562,500 shares of company stock worth $793,125 over the last three months. 7.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Separately, Needham & Company LLC reduced their target price on shares of Solid Power from $3.00 to $2.00 and set a “buy” rating for the company in a report on Monday, November 11th.

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.