DeFi Development (NASDAQ:DFDV) Insider Acquires $37,830. 00 in Stock
DeFi Development Corp. (NASDAQ:DFDV - Get Free Report) insider Daniel Kang purchased 13,000 shares of DeFi Development stock in a transaction that occurred on Friday, August 14th. The stock was acquired at an average cost of $2. 91 per share, with a total value of $37,830. 00. Following the acquisition, the insider directly owned 13,000 shares in the company, valued at $37,830. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
DeFi Development Corp. (NASDAQ:DFDV-Get Free Report) insider Daniel Kang bought 13,000 shares of the company's stock in a transaction dated Friday, August 14th. The shares were purchased at an average price of $2. 91 per share, with a total value of $37,830. 00. Following the completion of the acquisition, the insider owned 13,000 shares of the company's stock, valued at $37,830. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed throughthe SEC website. GetDeFi Developmentalerts:DeFi Development Trading Up 2. 9%Solana Beat BTC and ETH in Q3: These 3 Stocks Saw It ComingDeFi Development stocktraded up $0. 09 during mid-day trading on Monday, reaching $3. 16. 617,729 shares of the company traded hands, compared to its average volume of 1,076,138. The company has a debt-to-equity ratio of 12. 53, a current ratio of 1. 27 and a quick ratio of 1. 27. DeFi Development Corp. has a 52-week low of $2. 44 and a 52-week high of $20. 30. The firm's 50 day moving average price is $2. 93 and its 200 day moving average price is $3. 69. The firm has a market capitalization of $95. 18 million, a price-to-earnings ratio of -0. 32 and a beta of -3. 93. DeFi Development (NASDAQ:DFDV-Get Free Report) last announced its quarterly earnings data on Wednesday, August 12th. The company reported ($0. 21) earnings per share for the quarter. DeFi Development had a positive return on equity of 17. 97% and a negative net margin of 1,319. 45%. The business had revenue of $3. 31 million during the quarter. Analyst Upgrades and DowngradesA number of brokerages have recently commented on DFDV. Cantor Fitzgerald reduced their price target on shares of DeFi Development from $7. 00 to $4. 70 and set an "overweight" rating for the company in a research note on Wednesday, July 1st. Weiss Ratingsreaffirmed a "hold (c)" rating on shares of DeFi Development in a research report on Friday, July 17th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $4. 70. Get Our Latest Stock Report on DeFi DevelopmentInstitutional Inflows and OutflowsSeveral institutional investors and hedge funds have recently modified their holdings of the business. Pantera Capital Partners LP purchased a new stake in shares of DeFi Development in the third quarter worth $13,207,000. Alyeska Investment Group L. P. purchased a new position in shares of DeFi Development during the third quarter valued at about $9,489,000. Polar Asset Management Partners Inc. bought a new stake in DeFi Development in the 3rd quarter worth approximately $6,379,000. BlackRock Inc. purchased a new stake in DeFi Development during the second quarter valued at $1,067,000. Finally, Millennium Management LLC raised its position in shares of DeFi Development by 215. 0% during the 4th quarter. Millennium Management LLC now owns 407,794 shares of the company's stock valued at $2,059,000 after buying an additional 278,334 shares in the last quarter. Hedge funds and other institutional investors own 0. 48% of the company's stock. DeFi Development Company Profile(Get Free Report)We are a B2B fintech marketplace connecting commercial property borrowers and lenders with a human touch. We seek to revolutionize the commercial real estate lending market by making it hyper-efficient, transparent, and accessible to all rather than the few. Through our online platform, we provide technology that connects commercial mortgage borrowers looking for capital to refinance, build, or purchase commercial property, including, but not limited to, apartment buildings, to commercial property lenders. See AlsoFive stocks we like better than DeFi DevelopmentCommodities Are Booming, But These 3 ETFs Tell Different Stories3 Active ETFs Making Big Moves in AugustThis ETF Is Outperforming by Avoiding the S&P 500’s Biggest ProblemBirkenstock Beats the Skeptics—But Not on EPSThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat. com. Continue following MarketBeatAdd MarketBeat as your preferred source on Google to see our latest stories in your feed. 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