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 Stardust Power stock in a transaction 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 directly owns 252,384 shares of the company’s stock, valued at $151,430.40. This represents a 12.18 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 shares were sold at an average price of $0.68, for a total transaction of $26,481.24.

Stardust Power Stock Up 3.5 %

Shares of SDST stock opened at $0.62 on Friday. Stardust Power Inc. has a 52-week low of $0.53 and a 52-week high of $28.38. The company has a 50-day simple moving average of $1.32 and a two-hundred day simple moving average of $5.33.

Institutional Investors Weigh In On Stardust Power

A hedge fund recently bought a new stake in Stardust Power stock. Geode Capital Management LLC bought a new stake in shares of Stardust Power Inc. (NASDAQ:SDST) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 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 SEC filing. 32.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

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.