Stardust Power (NASDAQ:SDST) CEO Roshen Pujari Sells 102,427 Shares

Stardust Power Inc. (NASDAQ:SDST) CEO Roshen Pujari sold 102,427 shares of Stardust Power stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $2.18, for a total transaction of $223,290.86. Following the completion of the transaction, the chief executive officer directly owned 502,771 shares in the company, valued at approximately $1,096,040.78. The trade was a 16.92% decrease in their ownership of the stock. The sale 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 Stock Up 3.0%

Shares of NASDAQ SDST opened at $2.39 on Friday. Stardust Power Inc. has a 52 week low of $1.42 and a 52 week high of $7.67. The firm’s fifty day moving average is $2.52 and its 200 day moving average is $3.20. The company has a market cap of $25.29 million, a price-to-earnings ratio of -1.20 and a beta of 0.56.

Stardust Power (NASDAQ:SDST) last issued its earnings results on Thursday, May 14th. The company reported ($0.53) EPS for the quarter, missing the consensus estimate of ($0.39) by ($0.14).

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Wall Street Zen downgraded Stardust Power from a “sell” rating to a “strong sell” rating in a report on Saturday, May 16th. Weiss Ratings restated a “sell (e+)” rating on shares of Stardust Power in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased 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 period. Price T Rowe Associates Inc. MD purchased a new position in Stardust Power during the 4th quarter valued at $69,000. Finally, State Street Corp purchased a new position in Stardust Power during the 4th quarter valued at $44,000. 32.79% of the stock is owned by hedge funds and other institutional investors.

Stardust Power Company Profile

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.