Sweta Chakraborty Sells 1,947 Shares of Lightbridge (NASDAQ:LTBR) Stock

Lightbridge Corporation (NASDAQ:LTBR) Director Sweta Chakraborty sold 1,947 shares of the stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $12.88, for a total value of $25,077.36. Following the transaction, the director directly owned 39,606 shares in the company, valued at $510,125.28. The trade was a 4.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Tuesday, January 6th, Sweta Chakraborty sold 1,245 shares of Lightbridge stock. The shares were sold at an average price of $15.68, for a total value of $19,521.60.
• 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 shares were 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 shares were sold at an average price of $22.89, for a total transaction of $28,520.94.

Lightbridge Stock Up 4.2%

Shares of NASDAQ:LTBR opened at $16.26 on Wednesday. The stock has a market capitalization of $530.24 million, a PE ratio of -20.32 and a beta of 1.84. The firm’s 50 day moving average price is $16.89 and its 200-day moving average price is $16.84. Lightbridge Corporation has a twelve month low of $5.01 and a twelve month high of $31.33.

Lightbridge (NASDAQ:LTBR) last announced its earnings results on Wednesday, November 5th. The energy company reported ($0.16) EPS for the quarter.

Institutional Trading of Lightbridge

Hedge funds and other institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. lifted its stake in shares of Lightbridge by 22.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,501 shares of the energy company’s stock valued at $244,000 after buying an additional 2,091 shares in the last quarter. Advisory Services Network LLC purchased a new position in shares of Lightbridge in the third quarter valued at about $50,000. Scientech Research LLC purchased a new position in shares of Lightbridge in the third quarter valued at about $409,000. Mercer Global Advisors Inc. ADV bought a new position in shares of Lightbridge in the third quarter worth about $293,000. Finally, Flow Traders U.S. LLC purchased a new stake in shares of Lightbridge during the third quarter worth about $239,000. 9.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Lightbridge in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Lightbridge currently has a consensus rating of “Sell”.

Lightbridge Company Profile

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.