Udaychandra Devasper Sells 35,000 Shares of Stardust Power Inc. (NASDAQ:SDST) Stock

Stardust Power Inc. (NASDAQ:SDST) CFO Udaychandra Devasper sold 35,000 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $0.60, for a total value of $21,000.00. Following the sale, the chief financial officer now owns 252,384 shares in the company, valued at approximately $151,430.40. The trade was a 12.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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 value 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 Stock Up 3.5 %

NASDAQ SDST 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 fifty day moving average of $1.32 and a 200-day moving average of $5.35.

Analysts Set New Price Targets

Several analysts have issued reports on SDST shares. 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. Roth Mkm reiterated a “buy” rating and issued a $13.00 price objective on shares of Stardust Power in a research report on Wednesday, December 18th. Maxim Group began coverage on 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 Capital upgraded Stardust Power to a “strong-buy” rating in a research note on Wednesday, November 20th. Three investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $7.94.

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 stake in shares of Stardust Power Inc. (NASDAQ:SDST) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 108,459 shares of the company’s stock, valued at approximately $883,000. Geode Capital Management LLC owned about 0.23% of Stardust Power at the end of the most recent quarter. 32.79% of the stock is owned by hedge funds and other institutional investors.

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.