Stardust Power Inc. (NASDAQ:SDST – Get Free Report) CEO Roshen Pujari sold 102,427 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $2.18, for a total value of $223,290.86. Following the transaction, the chief executive officer directly owned 502,771 shares in the company, valued at $1,096,040.78. The trade was a 16.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 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 value of $2,614.92.
Stardust Power Trading Down 4.6%
NASDAQ:SDST opened at $2.28 on Friday. Stardust Power Inc. has a 1-year low of $1.42 and a 1-year high of $7.67. The business’s fifty day moving average price is $2.52 and its 200 day moving average price is $3.19. The firm has a market capitalization of $24.12 million, a price-to-earnings ratio of -1.14 and a beta of 0.56.
Analyst Ratings Changes
SDST has been the topic of a number of analyst reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Stardust Power in a report on Tuesday, April 21st. Wall Street Zen lowered Stardust Power from a “sell” rating to a “strong sell” rating in a report on Saturday, May 16th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.
Check Out Our Latest Stock Analysis on SDST
Hedge Funds Weigh In On Stardust Power
A number of hedge funds have recently modified their holdings of SDST. Geode Capital Management LLC increased its holdings in Stardust Power by 40.3% during the 4th 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 in the last quarter. State Street Corp acquired a new stake in shares of Stardust Power in the 4th quarter valued at $44,000. Finally, Price T Rowe Associates Inc. MD acquired a new stake in shares of Stardust Power in the 4th quarter valued at $69,000. 32.79% of the stock is owned by institutional investors and hedge funds.
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.
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