Lightbridge (NASDAQ:LTBR) Director Sweta Chakraborty Sells 1,245 Shares

Lightbridge Corporation (NASDAQ:LTBR) Director Sweta Chakraborty sold 1,245 shares of the firm’s stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $15.68, for a total transaction of $19,521.60. Following the completion of the transaction, the director directly owned 48,992 shares in the company, valued at approximately $768,194.56. This represents a 2.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at 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 transaction 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 transaction 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 shares were sold at an average price of $22.89, for a total value of $28,520.94.

Lightbridge Price Performance

Shares of NASDAQ:LTBR traded up $0.65 during midday trading on Tuesday, hitting $16.26. The company had a trading volume of 1,238,204 shares, compared to its average volume of 1,163,318. Lightbridge Corporation has a twelve month low of $5.01 and a twelve month high of $31.33. The stock has a market cap of $530.24 million, a price-to-earnings ratio of -20.32 and a beta of 1.84. The business’s 50-day simple moving average is $17.05 and its 200-day simple moving average is $16.82.

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

Institutional Investors Weigh In On Lightbridge

A number of institutional investors and hedge funds have recently made changes to their positions in LTBR. SBI Securities Co. Ltd. lifted its holdings in shares of Lightbridge by 60.0% in the 2nd quarter. SBI Securities Co. Ltd. now owns 3,071 shares of the energy company’s stock worth $41,000 after acquiring an additional 1,152 shares during the last quarter. Rhumbline Advisers raised its position in Lightbridge by 4.9% in the third quarter. Rhumbline Advisers now owns 28,241 shares of the energy company’s stock valued at $599,000 after purchasing an additional 1,325 shares during the period. Ameritas Investment Partners Inc. acquired a new position in Lightbridge during the second quarter worth $26,000. Legal & General Group Plc purchased a new position in shares of Lightbridge during the second quarter worth $28,000. Finally, JPMorgan Chase & Co. boosted its position in shares of Lightbridge by 22.2% during the third quarter. JPMorgan Chase & Co. now owns 11,501 shares of the energy company’s stock worth $244,000 after buying an additional 2,091 shares during the period. 9.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed 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 an average rating of “Sell”.

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.