Stardust Power Inc. (NASDAQ:SDST – Get Free Report) CFO Udaychandra Devasper sold 4,507 shares of the firm’s stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $2.31, for a total transaction of $10,411.17. Following the sale, the chief financial officer owned 157,387 shares in the company, valued at approximately $363,563.97. This trade represents a 2.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Stardust Power Stock Performance
Shares of SDST opened at $2.45 on Wednesday. Stardust Power Inc. has a fifty-two week low of $1.42 and a fifty-two week high of $8.43. The company has a market capitalization of $24.06 million, a PE ratio of -0.62 and a beta of 0.29. The stock has a fifty day moving average of $3.53 and a two-hundred day moving average of $3.63.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Stardust Power in a research note on Thursday, January 22nd. One equities research 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 given a Sell rating to the stock. According to data from MarketBeat, Stardust Power has an average rating of “Moderate Buy” and a consensus price target of $17.00.
Institutional Investors Weigh In On Stardust Power
Several hedge funds have recently modified their holdings of SDST. State Street Corp purchased a new stake in Stardust Power in the fourth quarter valued at approximately $44,000. Price T Rowe Associates Inc. MD purchased a new position in Stardust Power during the fourth quarter worth approximately $69,000. Finally, Geode Capital Management LLC raised its stake in Stardust Power by 40.3% during the fourth quarter. Geode Capital Management LLC now owns 59,143 shares of the company’s stock worth $181,000 after purchasing an additional 16,989 shares during the period. 32.79% of the stock is owned by institutional investors and hedge funds.
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.
Further Reading
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