Key Points
- Director Adam Gishen sold 70,000 shares of CSLM Acquisition at an average price of $0.31, generating $21,700. The sale reduced his direct ownership by 33.23% to 140,655 shares.
- Shares opened at $0.35 and were reported as trading up 9.3%, while the company’s market capitalization stood at approximately $73.1 million. The stock has traded between $0.20 and $2.27 over the past year.
- Analyst views remain mixed, resulting in a consensus “Hold” rating and a $5.40 price target. Institutional and hedge-fund ownership accounts for 47.36% of outstanding shares.
CSLM Acquisition Corp. (NASDAQ:SPWR - Get Free Report) Director Adam Gishen sold 70,000 shares of the stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $0.31, for a total transaction of $21,700.00. Following the completion of the sale, the director directly owned 140,655 shares in the company, valued at approximately $43,603.05. The trade was a 33.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
CSLM Acquisition Trading Up 9.3%
NASDAQ:SPWR opened at $0.35 on Friday. The company has a market capitalization of $73.06 million, a P/E ratio of -1.84 and a beta of 0.70. The firm has a 50-day moving average price of $0.39 and a two-hundred day moving average price of $0.83. CSLM Acquisition Corp. has a twelve month low of $0.20 and a twelve month high of $2.27.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on SPWR shares. Wall Street Zen upgraded CSLM Acquisition from a "sell" rating to a "hold" rating in a report on Saturday, July 25th. Weiss Ratings reissued a "sell (e+)" rating on shares of CSLM Acquisition in a report on Friday, July 24th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $5.40.
Get Our Latest Report on CSLM Acquisition
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Park West Asset Management LLC acquired a new stake in shares of CSLM Acquisition during the 2nd quarter worth about $83,000. Yorkville Advisors Global LP acquired a new position in shares of CSLM Acquisition in the second quarter valued at approximately $378,537. BlackRock Inc. acquired a new position in shares of CSLM Acquisition in the second quarter valued at approximately $862,000. Polar Asset Management Partners Inc. acquired a new position in shares of CSLM Acquisition in the second quarter valued at approximately $1,436,000. Finally, Carlyle Group Inc. purchased a new position in shares of CSLM Acquisition during the second quarter valued at approximately $1,611,000. 47.36% of the stock is currently owned by hedge funds and other institutional investors.
CSLM Acquisition Company Profile
(
Get Free Report)
Complete Solaria, Inc engages in the provision of solar services. It offers sales enablement, project management, partner coordination, and customer communication. The company is headquartered in San Ramon, CA and does business as SunPower Corporation.
Further Reading
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