CSLM Acquisition (NASDAQ:SPWR) Director Sells $21,700.00 in Stock

CSLM Acquisition Corp. (NASDAQ:SPWR) Director Adam Gishen sold 70,000 shares of CSLM Acquisition stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $0.31, for a total value of $21,700.00. Following the transaction, the director owned 140,655 shares in the company, valued at approximately $43,603.05. This represents a 33.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

CSLM Acquisition Trading Down 3.8%

NASDAQ:SPWR opened at $0.34 on Friday. CSLM Acquisition Corp. has a 1 year low of $0.20 and a 1 year high of $2.27. The stock has a 50-day moving average price of $0.39 and a two-hundred day moving average price of $0.83. The stock has a market cap of $70.30 million, a price-to-earnings ratio of -1.77 and a beta of 0.70.

Hedge Funds Weigh In On CSLM Acquisition

Large investors have recently added to or reduced their stakes in the company. Yorkville Advisors Global LP bought a new stake in shares of CSLM Acquisition in the second quarter valued at about $378,537. Park West Asset Management LLC acquired a new position in shares of CSLM Acquisition during the second quarter worth about $83,000. BlackRock Inc. bought a new position in shares of CSLM Acquisition during the second quarter worth about $862,000. Polar Asset Management Partners Inc. bought a new position in shares of CSLM Acquisition during the second quarter worth about $1,436,000. Finally, Carlyle Group Inc. bought a new position in shares of CSLM Acquisition during the second quarter worth about $1,611,000. Institutional investors own 47.36% of the company’s stock.

Wall Street Analyst Weigh In

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

About CSLM Acquisition

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.