Drilling Tools International (NASDAQ:DTI) CEO Robert Wayne Prejean Acquires 100,000 Shares of Stock

Drilling Tools International Corp. (NASDAQ:DTI) CEO Robert Wayne Prejean bought 100,000 shares of the business’s stock in a transaction that occurred on Monday, November 9th. The shares were acquired at an average price of $1.64 per share, with a total value of $164,000.00. Following the transaction, the chief executive officer directly owned 591,076 shares of the company’s stock, valued at $969,364.64. This represents a 20.36% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Drilling Tools International Price Performance

DTI traded down $0.10 on Tuesday, hitting $1.48. 77,822 shares of the company’s stock traded hands, compared to its average volume of 297,686. The company’s 50 day simple moving average is $2.13 and its 200-day simple moving average is $2.81. The company has a current ratio of 2.18, a quick ratio of 1.58 and a debt-to-equity ratio of 0.40. Drilling Tools International Corp. has a one year low of $1.35 and a one year high of $4.69. The firm has a market cap of $52.21 million, a price-to-earnings ratio of -11.38, a P/E/G ratio of 4.17 and a beta of -0.56.

Drilling Tools International (NASDAQ:DTI) last posted its quarterly earnings results on Thursday, November 5th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.05). The business had revenue of $40.65 million during the quarter, compared to the consensus estimate of $40.87 million. Drilling Tools International had a positive return on equity of 0.58% and a negative net margin of 1.97%. As a group, research analysts anticipate that Drilling Tools International Corp. will post 0.04 EPS for the current year.

Institutional Investors Weigh In On Drilling Tools International

Several large investors have recently bought and sold shares of the business. Bfsg LLC lifted its position in Drilling Tools International by 45.1% during the third quarter. Bfsg LLC now owns 21,265 shares of the company’s stock valued at $49,000 after purchasing an additional 6,610 shares during the last quarter. Squarepoint Ops LLC purchased a new position in shares of Drilling Tools International in the 2nd quarter worth $34,000. OMERS ADMINISTRATION Corp bought a new stake in shares of Drilling Tools International in the 1st quarter worth about $80,000. Engineers Gate Manager LP increased its holdings in shares of Drilling Tools International by 129.2% in the 2nd quarter. Engineers Gate Manager LP now owns 37,825 shares of the company’s stock worth $73,000 after buying an additional 21,319 shares during the last quarter. Finally, AXQ Capital LP raised its position in shares of Drilling Tools International by 93.5% during the 2nd quarter. AXQ Capital LP now owns 48,048 shares of the company’s stock valued at $93,000 after buying an additional 23,213 shares in the last quarter. Institutional investors own 2.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on DTI shares. Zacks Research cut shares of Drilling Tools International from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 9th. Jefferies Financial Group restated a “hold” rating and set a $2.80 price objective on shares of Drilling Tools International in a research report on Sunday, August 9th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Drilling Tools International in a report on Monday, October 26th. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Drilling Tools International has a consensus rating of “Reduce” and a consensus target price of $2.80.

Trending Headlines about Drilling Tools International

Here are the key news stories impacting Drilling Tools International this week:

• Positive Sentiment: Three insiders bought a combined 155,350 shares for about $255,000. CEO Robert Prejean purchased 100,000 shares, while the CFO and a director also increased their holdings—an encouraging signal of confidence from company leadership. CEO SEC filing CFO SEC filing Director SEC filing
• Neutral Sentiment: A report listed short interest at zero shares, so it indicates no measurable short position in the figures provided, rather than a notable short squeeze setup.
• Negative Sentiment: DTI’s third-quarter adjusted results missed estimates as higher costs offset stronger sales. Increased capital spending is also weighing on the company’s 2026 free-cash-flow outlook. Zacks earnings article
• Negative Sentiment: Sidoti cut several earnings forecasts, including FY2027 EPS to $0.13 from $0.16 and Q4 2026 EPS to $0.03 from $0.06. The reductions reinforce concerns about near-term profitability.

About Drilling Tools International

Drilling Tools International Corporation (NASDAQ: DTI) provides rental tools and related services to the oil and gas drilling industry. The company supplies downhole equipment used in drilling, completion and production operations, serving exploration and production companies, drilling contractors and oilfield service providers. Its product offering includes drill pipe, drill collars, heavy-weight drill pipe, stabilizers, subs, mud motors, drilling jars and other specialized downhole tools. Drilling Tools International also provides equipment inspection, maintenance, repair, refurbishment and machining services intended to support the safe and efficient use of drilling equipment.