Chris Edward Celano Sells 25,975 Shares of Stardust Power (NASDAQ:SDST) Stock

Stardust Power Inc. (NASDAQ:SDST) COO Chris Edward Celano sold 25,975 shares of the company’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $2.05, for a total value of $53,248.75. Following the transaction, the chief operating officer directly owned 102,383 shares in the company, valued at $209,885.15. This represents a 20.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Chris Edward Celano also recently made the following trade(s):

• On Friday, March 20th, Chris Edward Celano sold 3,457 shares of Stardust Power stock. The stock was sold at an average price of $2.32, for a total value of $8,020.24.

Stardust Power Stock Up 7.8%

SDST stock traded up $0.17 on Thursday, reaching $2.34. 45,241 shares of the company’s stock were exchanged, compared to its average volume of 301,248. The stock has a fifty day moving average of $2.59 and a 200-day moving average of $3.27. Stardust Power Inc. has a twelve month low of $1.42 and a twelve month high of $7.67. The firm has a market cap of $23.33 million, a PE ratio of -1.17 and a beta of 0.56.

Stardust Power (NASDAQ:SDST) last announced its quarterly earnings data 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).

Analyst Upgrades and Downgrades

A number of research firms have commented on SDST. Wall Street Zen downgraded Stardust Power from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 16th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Stardust Power in a research report on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

Institutional Trading of Stardust Power

A number of institutional investors have recently bought and sold shares of SDST. Geode Capital Management LLC boosted its position in Stardust Power by 40.3% during the fourth quarter. Geode Capital Management LLC now owns 59,143 shares of the company’s stock worth $181,000 after purchasing an additional 16,989 shares in the last quarter. State Street Corp purchased a new stake in Stardust Power during the fourth quarter worth $44,000. Finally, Price T Rowe Associates Inc. MD purchased a new stake in Stardust Power during the fourth quarter worth $69,000. 32.79% of the stock is currently 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.