Stardust Power (NASDAQ:SDST) Insider Bruce Czachor Sells 17,655 Shares of Stock

Stardust Power Inc. (NASDAQ:SDST) insider Bruce Czachor sold 17,655 shares of the company’s stock in a transaction on Friday, March 20th. The stock was sold at an average price of $2.29, for a total transaction of $40,429.95. Following the transaction, the insider directly owned 22,345 shares in the company, valued at approximately $51,170.05. This trade represents a 44.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Stardust Power Stock Down 0.4%

Shares of SDST opened at $2.45 on Wednesday. Stardust Power Inc. has a 52-week low of $1.42 and a 52-week high of $8.43. The company has a 50-day simple moving average of $3.53 and a 200-day simple moving average of $3.63. The company has a market capitalization of $24.06 million, a PE ratio of -0.62 and a beta of 0.29.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Stardust Power in a report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Stardust Power has a consensus rating of “Moderate Buy” and a consensus target price of $17.00.

Institutional Trading of Stardust Power

Large investors have recently bought and sold shares of the company. State Street Corp purchased a new position in shares of Stardust Power in the fourth quarter valued at $44,000. Price T Rowe Associates Inc. MD acquired a new position in shares of Stardust Power during the 4th quarter worth $69,000. Finally, Geode Capital Management LLC boosted its position in shares of Stardust Power by 40.3% in the 4th quarter. Geode Capital Management LLC now owns 59,143 shares of the company’s stock worth $181,000 after buying an additional 16,989 shares in the last quarter. 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.