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

Lightbridge Corporation (NASDAQ:LTBR) Director Sweta Chakraborty sold 1,947 shares of the stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $12.88, for a total value of $25,077.36. Following the completion of the transaction, the director owned 39,606 shares in the company, valued at approximately $510,125.28. The trade was a 4.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• 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 transaction 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 Trading Up 10.6%

Shares of NASDAQ:LTBR opened at $15.61 on Tuesday. The firm has a 50 day simple moving average of $17.05 and a 200-day simple moving average of $16.82. Lightbridge Corporation has a twelve month low of $5.01 and a twelve month high of $31.33. The company has a market capitalization of $509.04 million, a PE ratio of -19.51 and a beta of 1.84.

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

Analyst Ratings Changes

Separately, Weiss Ratings restated 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 data from MarketBeat, the stock has a consensus rating of “Sell”.

Hedge Funds Weigh In On Lightbridge

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. purchased a new stake in Lightbridge during the 2nd quarter valued at approximately $26,000. Legal & General Group Plc purchased a new stake in shares of Lightbridge during the second quarter worth approximately $28,000. Advisory Services Network LLC acquired a new stake in shares of Lightbridge during the third quarter worth $50,000. Russell Investments Group Ltd. purchased a new position in Lightbridge in the 3rd quarter valued at $53,000. Finally, SBI Securities Co. Ltd. grew its position in Lightbridge by 60.0% in the 2nd quarter. SBI Securities Co. Ltd. now owns 3,071 shares of the energy company’s stock valued at $41,000 after buying an additional 1,152 shares during the last quarter. Hedge funds and other institutional investors own 9.14% of the company’s stock.

About Lightbridge

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.