Key Points
- CEO Roshen Pujari sold 102,427 shares of Stardust Power stock for about $223,290 at an average price of $2.18 per share. After the sale, he still held 502,771 shares, and the company said the transaction was tied to tax withholding from vested equity awards.
- Stardust Power recently missed earnings expectations, reporting a quarterly loss of $0.53 per share versus analysts’ estimate of a $0.39 loss. The company also has a small market cap of about $25.29 million and the stock was trading near $2.39.
- Sentiment on the stock remains weak, with analysts maintaining a consensus rating of “Sell,” including a recent downgrade to “strong sell.” Institutional ownership is notable, with hedge funds and other institutions holding about 32.79% of shares.
Stardust Power Inc. (NASDAQ:SDST - Get Free Report) CEO Roshen Pujari sold 102,427 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the chief executive officer owned 502,771 shares of the company's stock, valued at approximately $1,096,040.78. The trade was a 16.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 stock was sold at an average price of $2.31, for a total transaction of $2,614.92.
Stardust Power Price Performance
NASDAQ:SDST opened at $2.39 on Friday. The firm's 50-day moving average price is $2.52 and its 200-day moving average price is $3.20. The company has a market capitalization of $25.29 million, a PE ratio of -1.20 and a beta of 0.56. Stardust Power Inc. has a 1-year low of $1.42 and a 1-year high of $7.67.
Stardust Power (NASDAQ:SDST - Get Free Report) last released its earnings results on Thursday, May 14th. The company reported ($0.53) earnings per share for the quarter, missing analysts' consensus estimates of ($0.39) by ($0.14).
Institutional Trading of Stardust Power
Several institutional investors have recently bought and sold shares of SDST. Geode Capital Management LLC grew its position 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 during the last quarter. State Street Corp purchased a new stake in Stardust Power during the 4th quarter valued at about $44,000. Finally, Price T Rowe Associates Inc. MD purchased a new stake in Stardust Power during the 4th quarter valued at about $69,000. 32.79% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on SDST. Wall Street Zen downgraded Stardust Power from a "sell" rating to a "strong sell" rating in a research note on Saturday, May 16th. Weiss Ratings restated a "sell (e+)" rating on shares of Stardust Power in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Sell".
Read Our Latest Stock Report on Stardust Power
Stardust Power Company Profile
(
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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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