Insider Selling: Lightbridge (NASDAQ:LTBR) Director Sells 1,947 Shares of Stock

Lightbridge Corporation (NASDAQ:LTBR) Director Sweta Chakraborty sold 1,947 shares of Lightbridge stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $12.88, for a total value of $25,077.36. Following the sale, the director directly owned 39,606 shares of the company’s stock, valued at approximately $510,125.28. The trade was a 4.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Sweta Chakraborty also recently made the following trade(s):

• On Monday, December 1st, Sweta Chakraborty sold 1,948 shares of Lightbridge stock. The stock was sold at an average price of $15.47, for a total transaction of $30,135.56.
• 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 shares were sold at an average price of $22.89, for a total value of $28,520.94.

Lightbridge Price Performance

Shares of NASDAQ LTBR traded up $1.50 during trading hours on Monday, hitting $15.61. 1,278,276 shares of the company’s stock were exchanged, compared to its average volume of 1,122,869. The company’s 50-day moving average price is $17.21 and its 200-day moving average price is $16.80. Lightbridge Corporation has a 1-year low of $5.01 and a 1-year high of $31.33. The stock has a market capitalization of $509.04 million, a price-to-earnings ratio of -19.51 and a beta of 1.84.

Lightbridge (NASDAQ:LTBR) last issued its quarterly earnings results on Wednesday, November 5th. The energy company reported ($0.16) EPS for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Lightbridge in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Hedge Funds Weigh In On Lightbridge

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Ameritas Investment Partners Inc. bought a new stake in Lightbridge in the second quarter valued at about $26,000. Legal & General Group Plc bought a new stake in shares of Lightbridge in the 2nd quarter valued at approximately $28,000. Advisory Services Network LLC acquired a new position in shares of Lightbridge in the 3rd quarter worth approximately $50,000. Russell Investments Group Ltd. acquired a new position in shares of Lightbridge in the 3rd quarter worth approximately $53,000. Finally, SBI Securities Co. Ltd. lifted its position in shares of Lightbridge by 60.0% during the 2nd quarter. SBI Securities Co. Ltd. now owns 3,071 shares of the energy company’s stock worth $41,000 after buying an additional 1,152 shares during the period. 9.14% of the stock is owned by institutional investors.

About Lightbridge

Lightbridge Corporation is a nuclear energy technology company focused on developing advanced nuclear fuel designs to enhance the safety, efficiency and economic performance of existing and new nuclear power reactors. The company’s core technology centers on a patented metallic fuel system that replaces conventional uranium oxide fuel pellets with a uranium-zirconium alloy, configured in a helical rod design. This proprietary fuel form is intended to enable higher burnup rates, reduced fuel cycle costs and improved thermal conductivity, thereby addressing key challenges in the global nuclear industry.

Since its inception, Lightbridge has conducted extensive research and development in collaboration with national laboratories, regulatory agencies and reactor operators.