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Lightbridge (NASDAQ:LTBR) EVP Andrey Mushakov Sells 25,093 Shares

Lightbridge logo with Energy background

Key Points

  • Andrey Mushakov, the Executive Vice President of Lightbridge Corporation, sold 25,093 shares at an average price of $25.06, totaling around $628,831, which is a 5.96% decrease in his stake.
  • Following the sale, Mushakov retains 395,699 shares valued approximately at $9.92 million, indicating a significant personal investment in the company.
  • Lightbridge's stock price fell by 7.3% on the trading day mentioned, with a current price of $22.08, significantly down from its 12-month high of $25.98.
  • MarketBeat previews top five stocks to own in November.

Lightbridge Corporation (NASDAQ:LTBR - Get Free Report) EVP Andrey Mushakov sold 25,093 shares of the stock in a transaction that occurred on Friday, October 10th. The shares were sold at an average price of $25.06, for a total value of $628,830.58. Following the sale, the executive vice president owned 395,699 shares of the company's stock, valued at approximately $9,916,216.94. The trade was a 5.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Andrey Mushakov also recently made the following trade(s):

  • On Monday, September 22nd, Andrey Mushakov sold 17,598 shares of Lightbridge stock. The shares were sold at an average price of $20.04, for a total value of $352,663.92.

Lightbridge Trading Down 7.3%

NASDAQ:LTBR traded down $1.74 during mid-day trading on Friday, hitting $22.08. 3,922,860 shares of the company's stock traded hands, compared to its average volume of 2,070,851. The firm has a 50 day moving average of $16.73 and a two-hundred day moving average of $13.24. Lightbridge Corporation has a 12 month low of $3.09 and a 12 month high of $25.98. The firm has a market capitalization of $572.20 million, a price-to-earnings ratio of -26.60 and a beta of 1.93.

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

Analyst Upgrades and Downgrades

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

Check Out Our Latest Research Report on LTBR

Hedge Funds Weigh In On Lightbridge

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Exchange Traded Concepts LLC acquired a new stake in Lightbridge during the 2nd quarter valued at $7,856,000. Geneos Wealth Management Inc. acquired a new stake in shares of Lightbridge in the 1st quarter valued at $471,000. Goldman Sachs Group Inc. lifted its holdings in shares of Lightbridge by 601.6% in the first quarter. Goldman Sachs Group Inc. now owns 91,620 shares of the energy company's stock valued at $683,000 after purchasing an additional 78,561 shares in the last quarter. Rathbones Group PLC acquired a new stake in shares of Lightbridge in the first quarter valued at about $139,000. Finally, OMERS ADMINISTRATION Corp acquired a new stake in shares of Lightbridge in the first quarter valued at about $159,000. Institutional investors own 9.14% of the company's stock.

Lightbridge Company Profile

(Get Free Report)

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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