Stardust Power (NASDAQ:SDST) Insider Bruce Czachor Sells 17,655 Shares

Stardust Power Inc. (NASDAQ:SDST) insider Bruce Czachor sold 17,655 shares of the business’s stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of $2.29, for a total value of $40,429.95. Following the completion of the transaction, the insider directly owned 22,345 shares in the company, valued at approximately $51,170.05. The trade was a 44.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Stardust Power Price Performance

Stardust Power stock opened at $2.45 on Wednesday. The business has a 50 day simple moving average of $3.53 and a 200-day simple moving average of $3.63. Stardust Power Inc. has a 12 month low of $1.42 and a 12 month high of $8.43. The stock has a market capitalization of $24.06 million, a PE ratio of -0.62 and a beta of 0.29.

Institutional Trading of Stardust Power

Several hedge funds have recently modified their holdings of SDST. State Street Corp purchased a new stake in shares of Stardust Power in the fourth quarter valued at approximately $44,000. Geode Capital Management LLC raised its position in Stardust Power by 40.3% in the fourth quarter. Geode Capital Management LLC now owns 59,143 shares of the company’s stock worth $181,000 after acquiring an additional 16,989 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD purchased a new position in Stardust Power in the fourth quarter worth $69,000. 32.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Stardust Power in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $17.00.

About Stardust Power

Stardust Power Inc is a vertically-integrated lithium refinery that engages in producing battery-grade lithium. The company was founded in 2022 and is based in Greenwich, Connecticut.