DeFi Development (NASDAQ:DFDV) Major Shareholder Purchases $39,369.79 in Stock

DeFi Development Corp. (NASDAQ:DFDV) major shareholder Parker White acquired 10,069 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The shares were purchased at an average cost of $3.91 per share, for a total transaction of $39,369.79. Following the acquisition, the insider owned 279,944 shares in the company, valued at $1,094,581.04. This represents a 3.73% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

DeFi Development Price Performance

Shares of DFDV opened at $4.50 on Thursday. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 12.53. The stock has a market cap of $139.49 million, a PE ratio of -0.45 and a beta of -3.94. DeFi Development Corp. has a 12-month low of $2.44 and a 12-month high of $18.99. The business has a 50-day simple moving average of $3.05 and a two-hundred day simple moving average of $3.63.

DeFi Development (NASDAQ:DFDV) last announced its quarterly earnings results on Wednesday, August 12th. The company reported ($0.21) EPS for the quarter. DeFi Development had a negative net margin of 1,319.45% and a positive return on equity of 17.97%. The firm had revenue of $3.31 million for the quarter.

Institutional Investors Weigh In On DeFi Development

Institutional investors and hedge funds have recently bought and sold shares of the business. Farther Finance Advisors LLC purchased a new position in DeFi Development during the fourth quarter valued at $32,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of DeFi Development during the 4th quarter valued at about $47,000. Sanctuary Advisors LLC purchased a new position in shares of DeFi Development during the 4th quarter valued at $54,000. Squarepoint Ops LLC bought a new position in DeFi Development in the 4th quarter worth approximately $57,000. Finally, BlueChip Wealth Advisors LLC bought a new position in shares of DeFi Development during the 1st quarter valued at about $58,000. Hedge funds and other institutional investors own 0.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DFDV. Cantor Fitzgerald dropped their price target on DeFi Development from $7.00 to $4.70 and set an “overweight” rating on the stock in a research note on Wednesday, July 1st. Weiss Ratings restated a “hold (c)” rating on shares of DeFi Development in a 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. According to MarketBeat.com, DeFi Development currently has a consensus rating of “Moderate Buy” and an average price target of $4.70.

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.