Stardust Power CFO Udaychandra Devasper Sells Shares
CFO Udaychandra Devasper sold 8,245 shares of Stardust Power on June 15.
Key Points
- Udaychandra Devasper, CFO of Stardust Power, sold 8,245 shares on June 15, 2026.
- Stardust Power, trading at $1.81, has a market cap of about $19.47 million.
- Analysts from Roth MKM and Maxim Group have reiterated or initiated buy ratings on Stardust Power.
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Udaychandra Devasper, the Chief Financial Officer of Stardust Power Inc. (NasdaqCM: SDST), sold 8,245 shares of the company on June 15, 2026. This transaction was not pre-planned, and the shares were sold with an average price not disclosed.
Insider Buying and Selling at Stardust Power Inc.
On June 15, Stardust Power's CFO Udaychandra Devasper sold 8,245 shares. Additionally, Devasper also bought 8,245 shares on the same day. Other insiders, including COO Chris Edward Celano, sold 640 shares at $1.95 each, and CEO Roshen Pujari sold 861 shares at $1.91 each.
Other Institutional Activity in Stardust Power
Several institutional investors have recently adjusted their holdings in Stardust Power. Vanguard Capital Management LLC acquired 199,187 shares, now holding shares worth about $470,081. Geode Capital Management, LLC increased its position by 25,975 shares to a total of 85,118 shares valued at approximately $200,896. Conversely, UBS Group AG reduced its holdings by 30,997 shares, ending with 69,710 shares valued at $164,515. State Street Corp also expanded its stake by 10,316 shares, reaching a total of 24,706 shares worth $58,306.
Stardust Power Inc. Stock Up 376.9%
Stardust Power shares are currently trading around $1.81. The company holds a market cap of approximately $19.47 million. Although it has a negative forward P/E ratio of -16.73, indicating it is not currently profitable, the stock has seen a 52-week range between $1.70 and $7.67. Its 50-day moving average is $2.40, while the 200-day moving average is $3.29. The current ratio is low at 0.124, and the quick ratio is 0.089.
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. Earlier, on February 27, 2025, Maxim Group initiated coverage with a buy rating and a target of $1.75. The consensus target price among analysts is $20.00.
About Stardust Power
Stardust Power Inc., based in Greenwich, Connecticut, focuses on developing battery-grade lithium products to support clean energy independence in the United States. The company is working on a lithium refinery in Muskogee, Oklahoma, to produce battery-grade lithium carbonate. Founded in 2022, Stardust Power is led by CEO Roshan Pujari and employs around 10 people.
Bottom Line
Insider activities, such as the recent sale by CFO Udaychandra Devasper, are closely watched by investors for potential insights into company performance. Stardust Power's stock performance and analyst ratings indicate a mixed outlook, with a significant focus on its role in the clean energy sector. As always, remember that insider transactions and analyst ratings are just parts of a larger picture and do not necessarily predict future stock performance.
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