Cintia Nardi Sells 2,406 Shares of Bolt Projects Holdings, Inc. (NASDAQ:BSLK) Stock

Bolt Projects Holdings, Inc. (NASDAQ:BSLK) President Cintia Nardi sold 2,406 shares of the stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $5.57, for a total value of $13,401.42. Following the completion of the transaction, the president now directly owns 6,627 shares in the company, valued at $36,912.39. This represents a 26.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Cintia Nardi also recently made the following trade(s):

• On Thursday, May 15th, Cintia Nardi sold 1,219 shares of Bolt Projects stock. The stock was sold at an average price of $6.10, for a total value of $7,435.90.
• On Wednesday, May 14th, Cintia Nardi sold 1,102 shares of Bolt Projects stock. The stock was sold at an average price of $6.31, for a total transaction of $6,953.62.

Bolt Projects Stock Performance

Shares of NASDAQ BSLK opened at $5.68 on Monday. The company has a 50 day simple moving average of $5.93 and a two-hundred day simple moving average of $7.27. Bolt Projects Holdings, Inc. has a 12 month low of $4.53 and a 12 month high of $199.60.

Bolt Projects (NASDAQ:BSLK) last posted its earnings results on Monday, May 12th. The company reported ($3.00) earnings per share (EPS) for the quarter. The company had revenue of $0.17 million for the quarter.

Institutional Trading of Bolt Projects

Hedge funds have recently modified their holdings of the stock. AREX Capital Management LP acquired a new position in Bolt Projects in the fourth quarter valued at approximately $376,000. XTX Topco Ltd purchased a new position in shares of Bolt Projects during the 4th quarter valued at approximately $27,000. Finally, Geode Capital Management LLC lifted its stake in shares of Bolt Projects by 307.5% in the 4th quarter. Geode Capital Management LLC now owns 58,838 shares of the company’s stock valued at $29,000 after purchasing an additional 44,400 shares during the period. Hedge funds and other institutional investors own 5.52% of the company’s stock.

About Bolt Projects

Bolt Projects Holdings, Inc operates as a material solutions company. The company offers B-SILK PROTEIN, a biodegradable ingredient for the beauty and personal care industry. Its products also include MYLO, a mycelium-based leather material; and MICROSILK, a silk fiber. The company is based in San Francisco, California.