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 Stardust Power stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $0.59, for a total value 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 $201,866.73. The trade was a 9.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 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 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 0.5 %

Shares of NASDAQ SDST opened at $0.61 on Thursday. The business’s 50 day moving average price is $1.13 and its 200 day moving average price is $5.16. Stardust Power Inc. has a 52 week low of $0.53 and a 52 week high of $28.38.

Institutional Investors 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 Stardust Power Inc. (NASDAQ:SDST) during the 3rd quarter, according to the company in its most recent 13F 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 approximately 0.23% of Stardust Power at the end of the most recent quarter. Hedge funds and other institutional investors own 32.79% of the company’s stock.

Analyst Upgrades and Downgrades

SDST has been the subject of a number of recent research reports. Alliance Global Partners initiated coverage on shares of Stardust Power in a report on Thursday, February 6th. They issued a “buy” rating and a $5.00 target price for the company. Roth Mkm reiterated a “buy” rating and issued a $13.00 target price on shares of Stardust Power in a report on Wednesday, December 18th. Roth Capital upgraded shares of Stardust Power to a “strong-buy” rating in a report on Wednesday, November 20th. Finally, Maxim Group started coverage on shares of Stardust Power in a report on Thursday, February 27th. They set a “buy” rating and a $1.75 price objective on the stock. Three 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, the stock presently has an average rating of “Buy” and an average 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.