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

Jacobs Levy Equity Management Inc. reduced its position in Solid Power, Inc. (NASDAQ:SLDP) by 40.2% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 398,338 shares of the company’s stock after selling 268,116 shares during the quarter. Jacobs Levy Equity Management Inc.’s holdings in Solid Power were worth $538,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its stake in Solid Power by 10.1% in 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 acquiring an additional 106,380 shares during the last quarter. Intech Investment Management LLC acquired a new stake in shares of Solid Power in the 3rd quarter valued at $62,000. SG Americas Securities LLC increased its stake in shares of Solid Power by 115.0% in the 3rd quarter. SG Americas Securities LLC now owns 59,797 shares of the company’s stock valued at $81,000 after purchasing an additional 31,978 shares during the last quarter. Aristides Capital LLC acquired a new position in shares of Solid Power during the 2nd quarter worth $160,000. Finally, Silver Lake Advisory LLC acquired a new position in shares of Solid Power during the 2nd quarter worth $69,000. 33.66% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on SLDP. Wolfe Research initiated coverage on Solid Power in a research report on Thursday, September 5th. They issued an “underperform” rating and a $1.00 target price on the stock. Needham & Company LLC decreased their price target 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.

Insider Activity

In related news, Director Erik J. Anderson sold 506,283 shares of the firm’s stock in a transaction that occurred 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 owns 187,617 shares in the company, valued at $238,273.59. This trade represents a 72.96 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 sale, the chief technology officer now owns 869,720 shares in the company, valued at approximately $930,600.40. This represents a 17.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 881,283 shares of company stock valued at $1,079,854. 7.20% of the stock is currently owned by corporate insiders.

Solid Power Stock Up 6.4 %

Shares of SLDP stock opened at $1.17 on Tuesday. Solid Power, Inc. has a twelve month low of $1.00 and a twelve month high of $2.35. The stock’s fifty day simple moving average is $1.18 and its 200 day simple moving average is $1.46. The firm has a market capitalization of $211.06 million, a P/E ratio of -2.39 and a beta of 1.71.

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.