Insider Buying: DeFi Development (NASDAQ:DFDV) COO Buys $102,297.60 in Stock

DeFi Development Corp. (NASDAQ:DFDV) COO Parker White bought 17,760 shares of the business’s stock in a transaction that occurred on Wednesday, December 10th. The stock was purchased at an average cost of $5.76 per share, with a total value of $102,297.60. Following the purchase, the chief operating officer directly owned 269,875 shares in the company, valued at $1,554,480. The trade was a 7.04% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Parker White also recently made the following trade(s):

• On Tuesday, November 25th, Parker White purchased 10,044 shares of DeFi Development stock. The shares were purchased at an average cost of $6.91 per share, for a total transaction of $69,404.04.

DeFi Development Stock Performance

Shares of NASDAQ DFDV opened at $5.56 on Friday. The company has a 50-day simple moving average of $10.13 and a 200-day simple moving average of $16.20. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.77 and a quick ratio of 1.77. The company has a market cap of $167.47 million, a PE ratio of 2.19 and a beta of -7.40. DeFi Development Corp. has a 12 month low of $0.53 and a 12 month high of $53.88.

DeFi Development (NASDAQ:DFDV) last announced its earnings results on Wednesday, November 19th. The company reported $1.88 earnings per share (EPS) for the quarter. The firm had revenue of $1.86 million for the quarter.

DeFi Development announced that its board has initiated a stock repurchase program on Wednesday, September 24th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to buy up to 25.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DFDV. Bank of America Corp DE purchased a new position in shares of DeFi Development in the 3rd quarter worth about $66,000. Centiva Capital LP acquired a new stake in DeFi Development during the 3rd quarter worth approximately $469,000. NewEdge Advisors LLC purchased a new position in DeFi Development in the third quarter valued at approximately $478,000. UBS Group AG acquired a new position in DeFi Development during the third quarter valued at approximately $693,000. Finally, Millennium Management LLC acquired a new position in DeFi Development during the third quarter valued at approximately $1,982,000. Institutional investors and hedge funds own 0.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on DFDV shares. Weiss Ratings reiterated a “hold (c)” rating on shares of DeFi Development in a research note on Wednesday, October 8th. Wall Street Zen upgraded DeFi Development from a “sell” rating to a “hold” rating in a report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, DeFi Development currently has an average rating of “Buy” and an average price target of $35.00.

DeFi Development Company Profile

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.