Destiny Tech100 (NYSE:DXYZ) CEO Sohail Prasad Acquires 9,760 Shares of Stock

Destiny Tech100 Inc. (NYSE:DXYZ) CEO Sohail Prasad purchased 9,760 shares of the stock in a transaction dated Thursday, September 3rd. The stock was acquired at an average cost of $32.14 per share, for a total transaction of $313,686.40. Following the transaction, the chief executive officer owned 64,000 shares of the company’s stock, valued at approximately $2,056,960. This trade represents a 17.99% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Sohail Prasad also recently made the following trade(s):

• On Wednesday, September 2nd, Sohail Prasad acquired 13,240 shares of Destiny Tech100 stock. The shares were bought at an average cost of $31.53 per share, for a total transaction of $417,457.20.
• On Tuesday, September 1st, Sohail Prasad purchased 33,000 shares of Destiny Tech100 stock. The stock was purchased at an average cost of $31.40 per share, for a total transaction of $1,036,200.00.

Destiny Tech100 Price Performance

Shares of NYSE:DXYZ opened at $34.10 on Wednesday. The firm has a fifty day moving average price of $28.28 and a two-hundred day moving average price of $32.18. Destiny Tech100 Inc. has a one year low of $19.71 and a one year high of $72.87.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of DXYZ. Geneos Wealth Management Inc. boosted its holdings in Destiny Tech100 by 51.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 980 shares of the company’s stock valued at $26,000 after acquiring an additional 332 shares during the period. Sunbelt Securities Inc. purchased a new position in Destiny Tech100 in the 4th quarter worth approximately $28,000. CWM LLC bought a new stake in Destiny Tech100 in the fourth quarter valued at approximately $37,000. Royal Bank of Canada lifted its position in Destiny Tech100 by 131.4% in the first quarter. Royal Bank of Canada now owns 1,439 shares of the company’s stock valued at $38,000 after purchasing an additional 817 shares during the last quarter. Finally, Clearstead Trust LLC bought a new stake in Destiny Tech100 in the fourth quarter valued at approximately $42,000.

Destiny Tech100 is an investment company that focuses on providing exposure to a portfolio of high-growth technology businesses. The company’s strategy is centered on identifying innovative private and public technology-related companies that it believes have significant long-term potential.

As a specialty investment vehicle, Destiny Tech100 is designed for investors seeking access to the technology sector through a diversified approach rather than through a single operating business.