Key Points
- Director Sweta Chakraborty sold 1,948 Lightbridge shares on December 1 at an average price of $15.47 for $30,135.56, reducing her stake by 4.48% to 41,553 shares (SEC Form 4 filed).
- Chakraborty has repeatedly sold stock this quarter, also disposing of 1,948 shares on November 3 at $26.73 and 1,246 shares on October 8 at $22.89, indicating a pattern of insider selling.
- For context, LTBR shares recently traded around $15.72 with a market cap of about $509 million, reported (-$0.16) EPS last quarter, and carry a consensus analyst rating of "Sell" (Weiss D-).
Lightbridge Corporation (NASDAQ:LTBR - Get Free Report) Director Sweta Chakraborty sold 1,948 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $15.47, for a total value of $30,135.56. Following the completion of the sale, the director owned 41,553 shares in the company, valued at approximately $642,824.91. The trade was a 4.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Sweta Chakraborty also recently made the following trade(s):
- On Monday, November 3rd, Sweta Chakraborty sold 1,948 shares of Lightbridge stock. The stock was sold at an average price of $26.73, for a total transaction of $52,070.04.
- On Wednesday, October 8th, Sweta Chakraborty sold 1,246 shares of Lightbridge stock. The stock was sold at an average price of $22.89, for a total transaction of $28,520.94.
Lightbridge Price Performance
Shares of LTBR opened at $15.72 on Wednesday. The firm has a market capitalization of $508.87 million, a price-to-earnings ratio of -18.94 and a beta of 1.81. Lightbridge Corporation has a 1-year low of $4.37 and a 1-year high of $31.33. The company has a 50-day moving average of $21.01 and a 200 day moving average of $16.65.
Lightbridge (NASDAQ:LTBR - Get Free Report) last issued its earnings results on Wednesday, November 5th. The energy company reported ($0.16) EPS for the quarter.
Institutional Trading of Lightbridge
Several hedge funds and other institutional investors have recently bought and sold shares of LTBR. Exchange Traded Concepts LLC purchased a new stake in shares of Lightbridge during the 2nd quarter worth $7,856,000. Balboa Wealth Partners purchased a new position in Lightbridge in the second quarter valued at about $159,000. Geneos Wealth Management Inc. bought a new position in Lightbridge in the first quarter worth about $471,000. Goldman Sachs Group Inc. lifted its position in shares of Lightbridge by 601.6% during the first quarter. Goldman Sachs Group Inc. now owns 91,620 shares of the energy company's stock valued at $683,000 after buying an additional 78,561 shares during the last quarter. Finally, Rathbones Group PLC bought a new stake in shares of Lightbridge in the 1st quarter valued at about $139,000. Institutional investors own 9.14% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings restated a "sell (d-)" rating on shares of Lightbridge in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Lightbridge presently has a consensus rating of "Sell".
Read Our Latest Stock Analysis on Lightbridge
Lightbridge Company Profile
(
Get Free Report)
Lightbridge Corporation, together with its subsidiaries, engages in developing nuclear fuel technology. It develops and commercializes metallic nuclear fuels. The company was formerly known as Thorium Power, Ltd. and changed its name to Lightbridge Corporation in September 2009. Lightbridge Corporation is headquartered in Reston, Virginia.
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