Stardust Power (NASDAQ:SDST) CFO Udaychandra Devasper Sells 3,927 Shares

Stardust Power Inc. (NASDAQ:SDST) CFO Udaychandra Devasper sold 3,927 shares of Stardust Power stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $3.49, for a total value of $13,705.23. Following the completion of the sale, the chief financial officer directly owned 68,558 shares of the company’s stock, valued at approximately $239,267.42. This trade represents a 5.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Stardust Power Stock Performance

NASDAQ SDST traded up $0.11 during trading on Thursday, hitting $3.40. 11,395 shares of the company’s stock traded hands, compared to its average volume of 395,518. The stock has a market capitalization of $33.33 million, a price-to-earnings ratio of -0.86 and a beta of 0.24. Stardust Power Inc. has a 12-month low of $1.42 and a 12-month high of $55.00. The business has a 50 day moving average of $4.09 and a 200-day moving average of $3.81.

Stardust Power (NASDAQ:SDST) last posted its quarterly earnings results on Thursday, November 13th. The company reported ($0.53) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.30) by ($0.23). On average, analysts expect that Stardust Power Inc. will post -0.63 EPS for the current year.

Institutional Investors Weigh In On Stardust Power

Several large investors have recently added to or reduced their stakes in SDST. Armistice Capital LLC bought a new stake in shares of Stardust Power during the 1st quarter valued at about $2,134,000. Landscape Capital Management L.L.C. purchased a new stake in Stardust Power in the first quarter valued at approximately $160,000. Finally, Warberg Asset Management LLC purchased a new stake in Stardust Power in the second quarter valued at approximately $35,000. Institutional investors own 32.79% of the company’s stock.

Analyst Ratings Changes

SDST has been the subject of several recent research reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Stardust Power in a research report on Wednesday, October 8th. Wall Street Zen lowered Stardust Power to a “strong sell” rating in a report on Saturday, September 13th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.17.

Stardust Power Company Profile

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.