Stardust Power Inc. (NASDAQ:SDST) CFO Udaychandra Devasper Sells 36,050 Shares

Stardust Power Inc. (NASDAQ:SDST) CFO Udaychandra Devasper sold 36,050 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $0.59, for a total transaction of $21,269.50. Following the completion of the sale, the chief financial officer now owns 342,147 shares of the company’s stock, valued at approximately $201,866.73. The trade was a 9.53 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Udaychandra Devasper also recently made the following trade(s):

• On Tuesday, March 11th, Udaychandra Devasper sold 35,000 shares of Stardust Power stock. The shares were sold at an average price of $0.60, for a total transaction of $21,000.00.
• On Thursday, March 6th, Udaychandra Devasper sold 38,943 shares of Stardust Power stock. The stock was sold at an average price of $0.68, for a total transaction of $26,481.24.
• On Thursday, March 6th, Udaychandra Devasper sold 38,943 shares of Stardust Power stock. The stock was sold at an average price of $0.68, for a total transaction of $26,481.24.

Stardust Power Trading Up 9.2 %

Shares of NASDAQ:SDST opened at $0.67 on Friday. The company’s fifty day moving average price is $1.07 and its 200 day moving average price is $5.13. Stardust Power Inc. has a 12 month low of $0.53 and a 12 month high of $28.38.

Institutional Investors Weigh In On Stardust Power

An institutional investor recently bought a new position in Stardust Power stock. Geode Capital Management LLC acquired a new stake in Stardust Power Inc. (NASDAQ:SDST) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 108,459 shares of the company’s stock, valued at approximately $883,000. Geode Capital Management LLC owned 0.23% of Stardust Power as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 32.79% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Alliance Global Partners assumed coverage on shares of Stardust Power in a report on Thursday, February 6th. They set a “buy” rating and a $5.00 price target for the company. Maxim Group assumed coverage on shares of Stardust Power in a research report on Thursday, February 27th. They issued a “buy” rating and a $1.75 price target for the company. Finally, Roth Mkm reaffirmed a “buy” rating and set a $13.00 price objective on shares of Stardust Power in a research report on Wednesday, December 18th. Three equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Stardust Power currently has a consensus rating of “Buy” and an average target price of $7.94.

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.