Stardust Power (NASDAQ:SDST) CEO Roshen Pujari Sells 102,427 Shares

Stardust Power Inc. (NASDAQ:SDST) CEO Roshen Pujari sold 102,427 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $2.18, for a total transaction of $223,290.86. Following the completion of the sale, the chief executive officer owned 502,771 shares in the company, valued at approximately $1,096,040.78. This trade represents a 16.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Roshen Pujari also recently made the following trade(s):

• On Friday, March 20th, Roshen Pujari sold 1,132 shares of Stardust Power stock. The shares were sold at an average price of $2.31, for a total transaction of $2,614.92.

Stardust Power Stock Performance

Shares of Stardust Power stock traded up $0.07 during trading on Thursday, reaching $2.39. The company had a trading volume of 95,243 shares, compared to its average volume of 295,108. The company has a market cap of $25.29 million, a price-to-earnings ratio of -1.20 and a beta of 0.56. The firm’s fifty day moving average is $2.53 and its 200-day moving average is $3.21. Stardust Power Inc. has a fifty-two week low of $1.42 and a fifty-two week high of $7.67.

Stardust Power (NASDAQ:SDST) last issued its earnings results on Thursday, May 14th. The company reported ($0.53) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.14).

Institutional Investors Weigh In On Stardust Power

Several institutional investors and hedge funds have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD acquired a new stake in Stardust Power during the fourth quarter worth about $69,000. State Street Corp acquired a new stake in shares of Stardust Power in the fourth quarter valued at approximately $44,000. Finally, Geode Capital Management LLC increased its stake in shares of Stardust Power by 40.3% in the fourth quarter. Geode Capital Management LLC now owns 59,143 shares of the company’s stock valued at $181,000 after purchasing an additional 16,989 shares during the period. Institutional investors and hedge funds own 32.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on SDST shares. Wall Street Zen lowered shares of Stardust Power from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 16th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Stardust Power in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

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.