DeFi Development (NASDAQ:DFDV) Insider Acquires 3,540 Shares of Stock

DeFi Development Corp. (NASDAQ:DFDV) insider Daniel Kang purchased 3,540 shares of the business’s stock in a transaction dated Tuesday, September 22nd. The stock was bought at an average cost of $8.81 per share, for a total transaction of $31,187.40. Following the purchase, the insider owned 3,540 shares in the company, valued at $31,187.40. This trade represents a ? 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 hyperlink.

Daniel Kang also recently made the following trade(s):

• On Thursday, August 20th, Daniel Kang acquired 11,000 shares of DeFi Development stock. The shares were bought at an average cost of $3.88 per share, with a total value of $42,680.00.
• On Friday, August 14th, Daniel Kang acquired 13,000 shares of DeFi Development stock. The shares were bought at an average cost of $2.91 per share, with a total value of $37,830.00.

DeFi Development Stock Down 8.1%

NASDAQ DFDV traded down $0.51 on Wednesday, reaching $5.77. The company had a trading volume of 2,019,822 shares, compared to its average volume of 2,495,100. DeFi Development Corp. has a 52 week low of $2.44 and a 52 week high of $18.28. The stock’s 50 day moving average is $4.05 and its 200-day moving average is $3.87. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 12.53.

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

Institutional Trading of DeFi Development

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new stake in shares of DeFi Development in the 2nd quarter valued at approximately $1,067,000. DeepCurrents Investment Group LLC grew its position in shares of DeFi Development by 1,065.0% in the 4th quarter. DeepCurrents Investment Group LLC now owns 117,200 shares of the company’s stock valued at $592,000 after acquiring an additional 107,140 shares during the period. NewEdge Advisors LLC increased its stake in shares of DeFi Development by 36.2% during the 2nd quarter. NewEdge Advisors LLC now owns 113,612 shares of the company’s stock worth $334,000 after purchasing an additional 30,180 shares during the last quarter. Headlands Technologies LLC increased its stake in shares of DeFi Development by 55.7% during the 2nd quarter. Headlands Technologies LLC now owns 78,245 shares of the company’s stock worth $230,000 after purchasing an additional 27,988 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in shares of DeFi Development in the 2nd quarter valued at about $138,000. 0.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of DeFi Development from a “strong sell” rating to a “sell” rating in a report on Saturday, September 12th. Weiss Ratings lowered shares of DeFi Development from a “hold (c)” rating to a “sell (d-)” rating in a report on Tuesday. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $10.40 price target (up from $4.70) on shares of DeFi Development in a report on Thursday, September 10th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $10.40.

DeFi Development Company Profile

DeFi Development Corp. (NASDAQ:DFDV) is a digital-asset and blockchain-focused company centered on the Solana ecosystem. Its principal strategy is to build and manage a Solana treasury while participating in the network through activities such as staking, validator operations and other infrastructure initiatives.

The company may also pursue investments, partnerships and acquisitions involving decentralized finance, blockchain infrastructure and applications built on Solana. Through these activities, DeFi Development seeks to support the network’s growth while generating potential utility from its digital-asset holdings and related operating capabilities.

The company was formerly known as Janover Inc, a technology business that provided a platform for commercial real estate finance.