Lightbridge (NASDAQ:LTBR) Director Sweta Chakraborty Sells 1,246 Shares

Key Points

• Sweta Chakraborty, Director of Lightbridge Corporation, sold 1,246 shares of the company's stock on October 8th at an average price of $22.89, resulting in a total transaction of approximately $28,520.94.
• Following the sale, Chakraborty's ownership in Lightbridge decreased by 2.67%, leaving her with 45,449 shares valued at around $1,040,327.61.
• Lightbridge's stock experienced a slight decline of 0.3% during trading hours, with the current share price at $23.09, while analysts have assigned the stock an average rating of "Sell."

Lightbridge Corporation (NASDAQ:LTBR - Get Free Report) Director Sweta Chakraborty sold 1,246 shares of the company's stock in a transaction on Wednesday, October 8th. The stock was sold at an average price of $22.89, for a total transaction of $28,520.94. Following the transaction, the director directly owned 45,449 shares in the company, valued at approximately $1,040,327.61. This trade represents a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Friday, August 15th, Sweta Chakraborty sold 20,000 shares of Lightbridge stock. The stock was sold at an average price of $15.15, for a total value of $303,000.00.

Lightbridge Trading Down 0.3%

NASDAQ LTBR traded down $0.06 during trading hours on Wednesday, reaching $23.09. The company's stock had a trading volume of 1,881,202 shares, compared to its average volume of 2,061,135. Lightbridge Corporation has a 52 week low of $2.92 and a 52 week high of $24.78. The stock has a market cap of $598.49 million, a PE ratio of -27.82 and a beta of 1.93. The business has a 50-day simple moving average of $16.34 and a 200 day simple moving average of $13.07.

Lightbridge (NASDAQ:LTBR - Get Free Report) last released its quarterly earnings results on Monday, August 11th. The energy company reported ($0.16) earnings per share for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a "sell (d-)" rating on shares of Lightbridge in a research report on Wednesday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of "Sell".

Institutional Trading of Lightbridge

Hedge funds have recently made changes to their positions in the business. Exchange Traded Concepts LLC acquired a new position in Lightbridge in the 2nd quarter valued at about $7,856,000. Geode Capital Management LLC increased its holdings in Lightbridge by 166.3% in the 2nd quarter. Geode Capital Management LLC now owns 473,765 shares of the energy company's stock valued at $6,336,000 after buying an additional 295,890 shares during the period. Baird Financial Group Inc. acquired a new stake in shares of Lightbridge in the 2nd quarter valued at $3,102,000. BNP Paribas Financial Markets bought a new stake in shares of Lightbridge during the 2nd quarter worth $2,484,000. Finally, Tortoise Investment Management LLC boosted its holdings in shares of Lightbridge by 132.6% during the 1st quarter. Tortoise Investment Management LLC now owns 163,521 shares of the energy company's stock valued at $1,220,000 after acquiring an additional 93,225 shares in the last quarter. 9.14% of the stock is owned by institutional investors and hedge funds.

Lightbridge Company Profile

Lightbridge Corporation, together with its subsidiaries, engages in developing nuclear fuel technology. It develops and commercializes metallic nuclear fuels. The company was formerly known as Thorium Power, Ltd. and changed its name to Lightbridge Corporation in September 2009. Lightbridge Corporation is headquartered in Reston, Virginia.

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