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 stock was sold at an average price of $0.59, for a total transaction of $21,269.50. Following the sale, the chief financial officer now directly owns 342,147 shares in the company, valued at approximately $201,866.73. This represents a 9.53 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 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 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 Performance

Shares of NASDAQ:SDST traded down $0.01 during mid-day trading on Tuesday, reaching $0.60. The stock had a trading volume of 112,602 shares, compared to its average volume of 358,829. The firm has a 50 day simple moving average of $1.25 and a two-hundred day simple moving average of $5.25. Stardust Power Inc. has a twelve month low of $0.53 and a twelve month high of $28.38.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SDST. Alliance Global Partners began coverage on shares of Stardust Power in a research note on Thursday, February 6th. They issued a “buy” rating and a $5.00 target price on the stock. Maxim Group began coverage on shares of Stardust Power in a research note on Thursday, February 27th. They issued a “buy” rating and a $1.75 target price on the stock. Roth Capital raised shares of Stardust Power to a “strong-buy” rating in a research note on Wednesday, November 20th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $13.00 target price on shares of Stardust Power in a research note on Wednesday, December 18th. Three research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Stardust Power currently has a consensus rating of “Buy” and a consensus 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 bought a new position in shares of Stardust Power Inc. (NASDAQ:SDST) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm 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 filing with the SEC. Institutional investors and hedge funds own 32.79% of the company’s stock.

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.