Insider Buying: MDB Capital (NASDAQ:MDBH) Insider Purchases $19,900.00 in Stock

MDB Capital Holdings, LLC (NASDAQ:MDBH) insider Christopher Marlett acquired 10,000 shares of the firm’s stock in a transaction dated Tuesday, October 13th. The stock was purchased at an average cost of $1.99 per share, with a total value of $19,900.00. Following the transaction, the insider owned 179,933 shares in the company, valued at approximately $358,066.67. This trade represents a 5.88% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.

MDB Capital Trading Up 6.9%

Shares of NASDAQ MDBH opened at $1.87 on Friday. MDB Capital Holdings, LLC has a 12 month low of $1.75 and a 12 month high of $4.80. The stock has a 50 day moving average of $2.65 and a 200-day moving average of $3.10. The company has a market capitalization of $19.26 million, a P/E ratio of -0.86 and a beta of 1.23.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of MDB Capital from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, September 21st. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, MDB Capital currently has a consensus 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.