MDB Capital Holdings, LLC (NASDAQ:MDBH – Get Free Report) CFO Jeremy William James sold 10,000 shares of the firm’s stock in a transaction on Tuesday, October 13th. The stock was sold at an average price of $1.99, for a total value of $19,900.00. Following the sale, the chief financial officer directly owned 29,839 shares of the company’s stock, valued at approximately $59,379.61. This represents a 25.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
MDB Capital Stock Performance
MDBH traded down $0.27 during trading on Thursday, reaching $1.70. The company had a trading volume of 7,936 shares, compared to its average volume of 4,977. The firm’s 50-day simple moving average is $2.70 and its 200 day simple moving average is $3.12. The company has a market cap of $17.51 million, a price-to-earnings ratio of -0.78 and a beta of 1.23. MDB Capital Holdings, LLC has a 12-month low of $1.75 and a 12-month high of $4.80.
Analysts Set New Price Targets
Separately, Weiss Ratings downgraded shares of MDB Capital from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, September 21st. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock currently has an average rating of “Sell”.
MDB Capital Company Profile
MDB Capital Holdings, LLC (NASDAQ: MDBH) is a financial services company focused on supporting businesses whose value is substantially tied to intellectual property. Through its investment banking platform, the company works with innovative and technology-driven enterprises seeking to develop, protect and commercialize their intellectual property.
MDB Capital provides services that may include capital raising, mergers and acquisitions advice, strategic planning and investor communications.
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