Stardust Power Inc. (NASDAQ:SDST) CFO Sells $21,000.00 in Stock

Stardust Power Inc. (NASDAQ:SDST) CFO Udaychandra Devasper sold 35,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $0.60, for a total transaction of $21,000.00. Following the transaction, the chief financial officer now owns 252,384 shares in the company, valued at $151,430.40. The trade was a 12.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

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

• 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 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 Price Performance

Shares of SDST traded down $0.00 on Thursday, hitting $0.60. The company’s stock had a trading volume of 82,784 shares, compared to its average volume of 992,098. Stardust Power Inc. has a fifty-two week low of $0.53 and a fifty-two week high of $28.38. The firm’s fifty day moving average price is $1.44 and its 200-day moving average price is $5.44.

Analyst Ratings Changes

A number of research firms have commented on SDST. Alliance Global Partners began coverage on shares of Stardust Power in a report on Thursday, February 6th. They set a “buy” rating and a $5.00 target price for the company. Roth Mkm reaffirmed a “buy” rating and set a $13.00 price objective on shares of Stardust Power in a research note on Wednesday, December 18th. Maxim Group assumed coverage on Stardust Power in a research note on Thursday, February 27th. They issued a “buy” rating and a $1.75 target price on the stock. Finally, Roth Capital upgraded Stardust Power to a “strong-buy” rating in a research report on Wednesday, November 20th. Three equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Stardust Power presently has a consensus rating of “Buy” and an average price target of $7.94.

Hedge Funds Weigh In On Stardust Power

A hedge fund recently bought a new stake in Stardust Power stock. Geode Capital Management LLC acquired a new position in shares of Stardust Power Inc. (NASDAQ:SDST) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 108,459 shares of the company’s stock, valued at approximately $883,000. Geode Capital Management LLC owned 0.23% of Stardust Power at the end of the most recent reporting period. 32.79% of the stock is owned by institutional investors.

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.