Stardust Power Inc. (NASDAQ:SDST) Insider Sells $32,985.90 in Stock

Stardust Power Inc. (NASDAQ:SDST) insider Pablo Cortegoso sold 173,610 shares of the company’s stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $0.19, for a total transaction of $32,985.90. Following the sale, the insider now directly owns 5,006,616 shares in the company, valued at $951,257.04. This trade represents a 3.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Pablo Cortegoso also recently made the following trade(s):

• On Monday, June 16th, Pablo Cortegoso sold 2,355 shares of Stardust Power stock. The shares were sold at an average price of $0.53, for a total transaction of $1,248.15.

Stardust Power Price Performance

NASDAQ:SDST opened at $0.20 on Thursday. The company has a market capitalization of $12.21 million, a price-to-earnings ratio of -0.27 and a beta of 0.35. Stardust Power Inc. has a 1-year low of $0.14 and a 1-year high of $28.38. The business has a 50 day moving average of $0.53 and a 200 day moving average of $1.40.

Stardust Power (NASDAQ:SDST) last released its quarterly earnings data on Wednesday, May 14th. The company reported ($0.03) EPS for the quarter, hitting the consensus estimate of ($0.03). As a group, sell-side analysts anticipate that Stardust Power Inc. will post -0.63 EPS for the current year.

Hedge Funds Weigh In On Stardust Power

An institutional investor recently bought a new position in Stardust Power stock. Landscape Capital Management L.L.C. bought a new position in Stardust Power Inc. (NASDAQ:SDST) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 340,114 shares of the company’s stock, valued at approximately $160,000. Landscape Capital Management L.L.C. owned 0.59% of Stardust Power as of its most recent SEC filing. Hedge funds and other institutional investors own 32.79% of the company’s stock.

Wall Street Analysts Forecast Growth

SDST has been the topic of a number of recent analyst reports. Maxim Group reiterated a “hold” rating on shares of Stardust Power in a research report on Tuesday, May 20th. B. Riley raised shares of Stardust Power to a “strong-buy” rating in a research note on Tuesday, April 8th. Finally, Roth Mkm reiterated a “buy” rating and set a $1.70 target price (down from $4.00) on shares of Stardust Power in a research report on Wednesday, April 2nd. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $5.11.

About Stardust Power

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.