Key Points
- COO Parker White purchased 17,760 shares on Dec. 10 at an average price of $5.76 (totaling $102,297.60), bringing his direct stake to 269,875 shares — a 7.04% increase in his ownership.
- The company’s Board approved a $100 million share buyback (authorizing repurchase of up to 25.9% of outstanding shares), and several institutions (Pantera, Alyeska, Polar, Millennium, UBS) recently established multi‑million dollar positions, signaling heightened investor interest.
DeFi Development Corp. (NASDAQ:DFDV - Get Free Report) COO Parker White acquired 17,760 shares of the company's stock in a transaction on Wednesday, December 10th. The stock was acquired at an average price of $5.76 per share, with a total value of $102,297.60. Following the purchase, the chief operating officer directly owned 269,875 shares in the company, valued at approximately $1,554,480. This represents a 7.04% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Parker White also recently made the following trade(s):
- On Tuesday, November 25th, Parker White bought 10,044 shares of DeFi Development stock. The shares were acquired at an average cost of $6.91 per share, for a total transaction of $69,404.04.
DeFi Development Stock Up 2.6%
NASDAQ DFDV opened at $5.86 on Friday. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.54. The company has a market cap of $176.50 million, a price-to-earnings ratio of 2.30 and a beta of -7.40. The company has a 50 day moving average of $10.33 and a 200-day moving average of $16.47. DeFi Development Corp. has a 1-year low of $0.53 and a 1-year high of $53.88.
DeFi Development (NASDAQ:DFDV - Get Free Report) last posted its quarterly earnings data on Wednesday, November 19th. The company reported $1.88 EPS for the quarter. The company had revenue of $1.86 million for the quarter.
DeFi Development declared that its Board of Directors has approved a share buyback program on Wednesday, September 24th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 25.9% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board believes its shares are undervalued.
Institutional Investors Weigh In On DeFi Development
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Pantera Capital Partners LP bought a new position in DeFi Development in the 3rd quarter valued at approximately $13,207,000. Alyeska Investment Group L.P. acquired a new stake in shares of DeFi Development during the 3rd quarter valued at $9,489,000. Polar Asset Management Partners Inc. bought a new stake in DeFi Development during the 3rd quarter worth $6,379,000. Millennium Management LLC acquired a new position in DeFi Development in the 3rd quarter worth about $1,982,000. Finally, UBS Group AG bought a new position in DeFi Development in the third quarter valued at about $693,000. 0.48% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
DFDV has been the topic of a number of analyst reports. Wall Street Zen downgraded shares of DeFi Development from a "hold" rating to a "sell" rating in a research note on Friday, September 5th. Weiss Ratings reiterated a "hold (c)" rating on shares of DeFi Development in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $35.00.
View Our Latest Stock Analysis on DFDV
About DeFi Development
(
Get Free Report)
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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