Geode Capital Management LLC Sells 56,713 Shares of Complete Solaria, Inc. (NASDAQ:CSLR)

Geode Capital Management LLC trimmed its stake in Complete Solaria, Inc. (NASDAQ:CSLR) by 16.2% during the 3rd quarter, Holdings Channel reports. The firm owned 292,514 shares of the company’s stock after selling 56,713 shares during the quarter. Geode Capital Management LLC’s holdings in Complete Solaria were worth $822,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Jane Street Group LLC purchased a new stake in Complete Solaria in the third quarter worth approximately $51,000. Quadrature Capital Ltd purchased a new stake in Complete Solaria in the third quarter worth approximately $81,000. XTX Topco Ltd purchased a new stake in Complete Solaria in the third quarter worth approximately $129,000. Finally, State Street Corp boosted its stake in Complete Solaria by 57.7% in the third quarter. State Street Corp now owns 106,600 shares of the company’s stock worth $300,000 after buying an additional 39,000 shares in the last quarter. 30.25% of the stock is currently owned by institutional investors.

Insider Activity

In related news, major shareholder Solis Holdings L.L.C. Crsef sold 250,000 shares of the firm’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $2.23, for a total value of $557,500.00. Following the completion of the sale, the insider now owns 2,905,461 shares of the company’s stock, valued at $6,479,178.03. This trade represents a 7.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Carlyle Group Inc. sold 275,000 shares of the firm’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $2.20, for a total value of $605,000.00. Following the completion of the sale, the insider now directly owns 2,405,461 shares of the company’s stock, valued at $5,292,014.20. The trade was a 10.26 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 759,596 shares of company stock valued at $1,594,945. 44.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Separately, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $6.00 target price on shares of Complete Solaria in a research note on Thursday, November 14th.

Complete Solaria Price Performance

NASDAQ:CSLR opened at $1.72 on Friday. Complete Solaria, Inc. has a fifty-two week low of $0.20 and a fifty-two week high of $3.37. The business has a 50 day moving average price of $1.86 and a 200-day moving average price of $1.89.

About Complete Solaria

Complete Solaria, Inc provides custom solar solutions in the United States. The company offers solar systems to homeowners and small to medium-sized commercial customers. It also provides HelioQuoteTM software system, a platform for residential solar designs, proposals, and engineering services. In addition, the company installs solar systems, as well as provides financing solutions.