DeFi Development Corp. (NASDAQ:DFDV – Get Free Report) major shareholder Parker White purchased 10,069 shares of DeFi Development stock in a transaction that occurred on Friday, August 21st. The shares were bought at an average cost of $3.91 per share, for a total transaction of $39,369.79. Following the transaction, the insider directly owned 279,944 shares of the company’s stock, valued at $1,094,581.04. This represents a 3.73% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
DeFi Development Price Performance
DeFi Development stock opened at $4.09 on Tuesday. The firm has a market cap of $126.79 million, a PE ratio of -0.41 and a beta of -3.93. The company has a debt-to-equity ratio of 12.53, a current ratio of 1.27 and a quick ratio of 1.27. The stock’s fifty day moving average price is $3.00 and its two-hundred day moving average price is $3.62. DeFi Development Corp. has a one year low of $2.44 and a one year high of $18.99.
DeFi Development (NASDAQ:DFDV – Get Free Report) last released its earnings results on Wednesday, August 12th. The company reported ($0.21) earnings per share for the quarter. The company had revenue of $3.31 million for the quarter. DeFi Development had a negative net margin of 1,319.45% and a positive return on equity of 17.97%.
Wall Street Analyst Weigh In
Check Out Our Latest Research Report on DFDV
Hedge Funds Weigh In On DeFi Development
A number of institutional investors have recently modified their holdings of DFDV. Pantera Capital Partners LP bought a new stake in shares of DeFi Development during the 3rd quarter worth $13,207,000. Alyeska Investment Group L.P. bought a new position in DeFi Development in the third quarter valued at about $9,489,000. Polar Asset Management Partners Inc. acquired a new position in DeFi Development during the third quarter worth about $6,379,000. Millennium Management LLC raised its stake in DeFi Development by 215.0% during the fourth quarter. Millennium Management LLC now owns 407,794 shares of the company’s stock worth $2,059,000 after acquiring an additional 278,334 shares in the last quarter. Finally, BlackRock Inc. bought a new position in shares of DeFi Development in the second quarter worth about $1,067,000. Institutional investors and hedge funds own 0.48% of the company’s stock.
DeFi Development Company Profile
We are a B2B fintech marketplace connecting commercial property borrowers and lenders with a human touch. We seek to revolutionize the commercial real estate lending market by making it hyper-efficient, transparent, and accessible to all rather than the few. Through our online platform, we provide technology that connects commercial mortgage borrowers looking for capital to refinance, build, or purchase commercial property, including, but not limited to, apartment buildings, to commercial property lenders.
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