Stardust Power Inc. (NASDAQ:SDST) CFO Udaychandra Devasper Sells 36,050 Shares of Stock

Stardust Power Inc. (NASDAQ:SDST) CFO Udaychandra Devasper sold 36,050 shares of the business’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $0.59, for a total transaction of $21,269.50. Following the sale, the chief financial officer now directly owns 342,147 shares in the company, valued at approximately $201,866.73. The trade was a 9.53 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Udaychandra Devasper also recently made the following trade(s):

• On Tuesday, March 11th, Udaychandra Devasper sold 35,000 shares of Stardust Power stock. The stock was sold at an average price of $0.60, for a total transaction 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 Stock Performance

SDST stock opened at $0.61 on Wednesday. Stardust Power Inc. has a 12-month low of $0.53 and a 12-month high of $28.38. The company’s fifty day simple moving average is $1.19 and its 200 day simple moving average is $5.19.

Hedge Funds 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 the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 108,459 shares of the company’s stock, valued at approximately $883,000. Geode Capital Management LLC owned 0.23% of Stardust Power at the end of the most recent quarter. Institutional investors and hedge funds own 32.79% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on SDST. Roth Mkm reissued a “buy” rating and issued a $13.00 price objective on shares of Stardust Power in a research note on Wednesday, December 18th. Alliance Global Partners initiated coverage on shares of Stardust Power in a research note on Thursday, February 6th. They issued a “buy” rating and a $5.00 price objective on the stock. Roth Capital upgraded shares of Stardust Power to a “strong-buy” rating in a report on Wednesday, November 20th. Finally, Maxim Group initiated coverage on shares of Stardust Power in a report on Thursday, February 27th. They issued a “buy” rating and a $1.75 target price on the stock. Three investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price 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.