Key Points
- Insider Bruce Czachor sold 17,655 shares of Stardust Power at an average price of $2.29 on March 20 for a total of $40,429.95, reducing his ownership by 44.14% to 22,345 shares (valued ≈ $51,170).
- SDST opened at $2.61 and is reported up about 6.5%, trading in a 12‑month range of $1.42–$8.43 with a market cap of ~$25.6M, a negative P/E of -0.66, and 50‑/200‑day averages near $3.50 and $3.63.
- Institutional ownership is ~32.79% with recent activity from State Street, Geode (which boosted its stake 40.3%), and Price T. Rowe; analysts are mixed but show a consensus rating of "Moderate Buy" and a consensus price target of $17.00, despite a Weiss Ratings "sell (e+)" call.
Stardust Power Inc. (NASDAQ:SDST - Get Free Report) CFO Udaychandra Devasper sold 4,507 shares of Stardust Power stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $2.31, for a total value of $10,411.17. Following the completion of the sale, the chief financial officer directly owned 157,387 shares in the company, valued at approximately $363,563.97. This represents a 2.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Stardust Power Stock Performance
Shares of NASDAQ SDST opened at $2.61 on Thursday. The stock has a 50 day moving average price of $3.50 and a 200 day moving average price of $3.63. Stardust Power Inc. has a 52 week low of $1.42 and a 52 week high of $8.43. The stock has a market capitalization of $25.62 million, a PE ratio of -0.66 and a beta of 0.29.
Hedge Funds Weigh In On Stardust Power
Hedge funds and other institutional investors have recently bought and sold shares of the business. State Street Corp bought a new stake in Stardust Power in the fourth quarter valued at approximately $44,000. Geode Capital Management LLC increased its holdings in shares of Stardust Power by 40.3% during the 4th quarter. Geode Capital Management LLC now owns 59,143 shares of the company's stock worth $181,000 after acquiring an additional 16,989 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD acquired a new position in shares of Stardust Power during the 4th quarter worth approximately $69,000. Institutional investors own 32.79% of the company's stock.
Analysts Set New Price Targets
Separately, Weiss Ratings reissued a "sell (e+)" rating on shares of Stardust Power in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $17.00.
View Our Latest Stock Analysis on Stardust Power
About Stardust Power
(
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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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