Stardust Power CFO Udaychandra Devasper Acquires Shares

Udaychandra Devasper, the Chief Financial Officer of Stardust Power Inc. (NasdaqCM: SDST), purchased 8,245 shares of the company on June 15, 2026. This transaction comes as the stock trades at $1.81.

Insider Buying and Selling at Stardust Power Inc.

On June 15, 2026, Udaychandra Devasper, Stardust Power's CFO, acquired 8,245 shares in the company. This transaction was not part of a pre-planned trading program. Also on June 15, Devasper sold 3,554 shares at an average price of $1.95. Other insiders, including CEO Roshan Pujari and COO Chris Edward Celano, also sold shares on the same date.

Other Institutional Activity in Stardust Power

Vanguard Capital Management LLC opened a new position in Stardust Power, acquiring 199,187 shares valued at about $470,081. Geode Capital Management, LLC increased its stake by 25,975 shares, bringing its total to 85,118 shares worth around $200,896. UBS Group AG reduced its holdings by 30,997 shares, resulting in 69,710 shares valued at approximately $164,515. Meanwhile, State Street Corp added 10,316 shares, ending with 24,706 shares valued at $58,306.

Stardust Power Inc. Stock Up 376.9%

Stardust Power Inc. is trading near $1.81 with a market capitalization of approximately $19.5 million. The company has no meaningful P/E ratio as it is not currently profitable. The stock's 52-week range spans from $1.70 to $7.67, with a 50-day moving average of $2.40 and a 200-day moving average of $3.29. The company's current and quick ratios are notably low, at 0.124 and 0.089 respectively.

Analysts Set New Price Targets

Roth MKM reiterated its 'buy' rating on Stardust Power on April 2, 2025, with a price target of $1.70. On February 27, 2025, Maxim Group initiated coverage with a 'buy' rating and a target price of $1.75. The consensus recommendation is a 'buy', with a mean target price of $20 based on one analyst opinion.

About Stardust Power

Stardust Power Inc. is an industrial company focused on producing battery-grade lithium products to support clean energy independence in the United States. The company, founded in 2022, is developing a lithium refinery in Muskogee, Oklahoma. Headquartered in Greenwich, Connecticut, Stardust Power is led by CEO Roshan Pujari and employs around 10 people.

Bottom Line

Stardust Power's recent insider activity highlights confidence from its CFO, Udaychandra Devasper, who acquired a significant number of shares. The company's stock has seen varied institutional interest, with some firms increasing their holdings while others reduced theirs. Analysts maintain a positive outlook, with reiterated 'buy' ratings and price targets suggesting potential growth. However, as a developing company, Stardust Power's financials reflect its early stage, with no current profitability.