CSLM Acquisition (NASDAQ:SPWR) Director Adam Gishen Sells 70,000 Shares of Stock

CSLM Acquisition Corp. (NASDAQ:SPWR) Director Adam Gishen sold 70,000 shares of the business’s stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $0.31, for a total transaction of $21,700.00. Following the transaction, the director owned 140,655 shares in the company, valued at approximately $43,603.05. This trade represents a 33.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

CSLM Acquisition Stock Up 9.3%

NASDAQ SPWR opened at $0.35 on Friday. The stock has a market capitalization of $73.06 million, a P/E ratio of -1.84 and a beta of 0.70. CSLM Acquisition Corp. has a 52-week low of $0.20 and a 52-week high of $2.27. The firm has a 50-day moving average price of $0.39 and a 200 day moving average price of $0.83.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Wall Street Zen raised CSLM Acquisition from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Weiss Ratings restated a “sell (e+)” rating on shares of CSLM Acquisition in a research note on Friday, July 24th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, CSLM Acquisition presently has an average rating of “Hold” and a consensus price target of $5.40.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Park West Asset Management LLC acquired a new stake in shares of CSLM Acquisition during the 2nd quarter valued at approximately $83,000. Yorkville Advisors Global LP purchased a new position in CSLM Acquisition in the 2nd quarter valued at approximately $378,537. BlackRock Inc. acquired a new position in CSLM Acquisition during the second quarter worth $862,000. Polar Asset Management Partners Inc. acquired a new position in CSLM Acquisition during the second quarter worth $1,436,000. Finally, Carlyle Group Inc. purchased a new stake in CSLM Acquisition during the second quarter worth $1,611,000. 47.36% of the stock is currently owned by institutional investors and hedge funds.

CSLM Acquisition Company Profile

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.