Lightbridge (NASDAQ:LTBR) Director Sells $19,521.60 in Stock

by · The Cerbat Gem

Lightbridge Corporation (NASDAQ:LTBR – Get Free Report) Director Sweta Chakraborty sold 1,245 shares of Lightbridge stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $15.68, for a total value of $19,521.60. Following the completion of the sale, the director directly owned 48,992 shares in the company, valued at $768,194.56. This represents a 2.48% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Sweta Chakraborty also recently made the following trade(s):

  • On Friday, January 2nd, Sweta Chakraborty sold 1,947 shares of Lightbridge stock. The shares were sold at an average price of $12.88, for a total value of $25,077.36.
  • On Monday, December 1st, Sweta Chakraborty sold 1,948 shares of Lightbridge stock. The shares were sold at an average price of $15.47, for a total value of $30,135.56.
  • On Monday, November 3rd, Sweta Chakraborty sold 1,948 shares of Lightbridge stock. The stock was sold at an average price of $26.73, for a total value of $52,070.04.
  • On Wednesday, October 8th, Sweta Chakraborty sold 1,246 shares of Lightbridge stock. The stock was sold at an average price of $22.89, for a total transaction of $28,520.94.

Lightbridge Stock Down 1.8%

NASDAQ:LTBR opened at $16.11 on Friday. Lightbridge Corporation has a fifty-two week low of $5.01 and a fifty-two week high of $31.33. The stock has a market cap of $525.33 million, a PE ratio of -20.14 and a beta of 1.84. The firm’s fifty day simple moving average is $16.45 and its 200-day simple moving average is $16.83.

Lightbridge (NASDAQ:LTBR – Get Free Report) last announced its quarterly earnings data on Wednesday, November 5th. The energy company reported ($0.16) EPS for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lightbridge in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Lightbridge presently has an average rating of “Sell”.

Read Our Latest Analysis on LTBR

Institutional Trading of Lightbridge

Several large investors have recently modified their holdings of the business. Exchange Traded Concepts LLC acquired a new position in shares of Lightbridge during the 2nd quarter worth approximately $7,856,000. Ameriprise Financial Inc. purchased a new position in Lightbridge during the third quarter worth $11,952,000. BNP Paribas Financial Markets raised its holdings in shares of Lightbridge by 168.2% in the third quarter. BNP Paribas Financial Markets now owns 498,415 shares of the energy company’s stock worth $10,571,000 after acquiring an additional 312,605 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Lightbridge by 166.3% during the second quarter. Geode Capital Management LLC now owns 473,765 shares of the energy company’s stock valued at $6,336,000 after acquiring an additional 295,890 shares during the last quarter. Finally, Two Sigma Investments LP increased its position in Lightbridge by 93.1% during the 3rd quarter. Two Sigma Investments LP now owns 592,030 shares of the energy company’s stock worth $12,557,000 after purchasing an additional 285,471 shares in the last quarter. 9.14% of the stock is currently owned by institutional investors and hedge funds.

Lightbridge Company Profile

(Get Free Report)

Lightbridge Corporation is a nuclear energy technology company focused on developing advanced nuclear fuel designs to enhance the safety, efficiency and economic performance of existing and new nuclear power reactors. The company’s core technology centers on a patented metallic fuel system that replaces conventional uranium oxide fuel pellets with a uranium-zirconium alloy, configured in a helical rod design. This proprietary fuel form is intended to enable higher burnup rates, reduced fuel cycle costs and improved thermal conductivity, thereby addressing key challenges in the global nuclear industry.

Since its inception, Lightbridge has conducted extensive research and development in collaboration with national laboratories, regulatory agencies and reactor operators.

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