Stardust Power Inc. (NASDAQ:SDST) CFO Sells $21,269.50 in Stock

Stardust Power Inc. (NASDAQ:SDST) CFO Udaychandra Devasper sold 36,050 shares of the company’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $0.59, for a total value of $21,269.50. Following the sale, the chief financial officer now owns 342,147 shares of the company’s stock, valued at approximately $201,866.73. This represents a 9.53 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

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

Stardust Power Stock Up 9.2 %

Shares of Stardust Power stock opened at $0.67 on Friday. Stardust Power Inc. has a twelve month low of $0.53 and a twelve month high of $28.38. The firm’s 50-day moving average price is $1.07 and its 200 day moving average price is $5.13.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Roth Mkm reissued a “buy” rating and issued a $13.00 target price on shares of Stardust Power in a research report on Wednesday, December 18th. Alliance Global Partners began coverage on shares of Stardust Power in a report on Thursday, February 6th. They issued a “buy” rating and a $5.00 price target on the stock. Finally, Maxim Group began coverage on shares of Stardust Power in a research note on Thursday, February 27th. They set a “buy” rating and a $1.75 target price on the stock. Three analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $7.94.

Institutional Trading of 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) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 108,459 shares of the company’s stock, valued at approximately $883,000. Geode Capital Management LLC owned about 0.23% of Stardust Power at the end of the most recent quarter. 32.79% of the stock is owned by institutional investors and hedge funds.

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.