Key Points
- Major shareholder Parker White bought 9,462 DeFi Development shares at an average price of $8.96, spending $84,779.52. White also purchased 538 shares in September and 10,069 shares in August.
- DeFi Development shares opened at $6.04, with a market capitalization of approximately $187 million. The company reported a quarterly loss of $0.21 per share on revenue of $3.31 million.
- Analyst sentiment is mixed: Cantor Fitzgerald raised its price target to $10.40 and maintained an “overweight” rating, while other ratings include “sell”; the overall consensus is Hold.
DeFi Development Corp. (NASDAQ:DFDV - Get Free Report) major shareholder Parker White bought 9,462 shares of DeFi Development stock in a transaction dated Thursday, September 24th. The stock was purchased at an average price of $8.96 per share, for a total transaction of $84,779.52. Following the purchase, the insider directly owned 9,462 shares in the company, valued at $84,779.52. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company's shares are required to disclose their transactions with the SEC.
Parker White also recently made the following trade(s):
- On Friday, September 25th, Parker White bought 538 shares of DeFi Development stock. The shares were purchased at an average price of $8.90 per share, with a total value of $4,788.20.
- On Friday, August 21st, Parker White purchased 10,069 shares of DeFi Development stock. The shares were purchased at an average cost of $3.91 per share, with a total value of $39,369.79.
DeFi Development Trading Up 4.3%
Shares of DFDV stock opened at $6.04 on Friday. The company has a market capitalization of $187.24 million, a P/E ratio of -0.61 and a beta of -3.75. DeFi Development Corp. has a 12-month low of $2.44 and a 12-month high of $18.28. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 12.53. The firm has a 50-day moving average price of $4.17 and a 200 day moving average price of $3.90.
DeFi Development (NASDAQ:DFDV - Get Free Report) last issued its quarterly earnings data on Wednesday, August 12th. The company reported ($0.21) earnings per share for the quarter. The firm had revenue of $3.31 million for the quarter. DeFi Development had a positive return on equity of 17.97% and a negative net margin of 1,319.45%.
Hedge Funds Weigh In On DeFi Development
A number of institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC lifted its position in shares of DeFi Development by 36.2% during the second quarter. NewEdge Advisors LLC now owns 113,612 shares of the company's stock worth $334,000 after purchasing an additional 30,180 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in shares of DeFi Development in the second quarter valued at approximately $52,000. Headlands Technologies LLC increased its holdings in shares of DeFi Development by 55.7% in the second quarter. Headlands Technologies LLC now owns 78,245 shares of the company's stock valued at $230,000 after purchasing an additional 27,988 shares in the last quarter. BlackRock Inc. bought a new position in DeFi Development in the 2nd quarter worth approximately $1,067,000. Finally, Bank of New York Mellon Corp bought a new position in DeFi Development in the 2nd quarter worth approximately $138,000. 0.48% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on the company. Cantor Fitzgerald restated an "overweight" rating and set a $10.40 price target (up from $4.70) on shares of DeFi Development in a research report on Thursday, September 10th. Weiss Ratings downgraded DeFi Development from a "hold (c)" rating to a "sell (d-)" rating in a research report on Tuesday. Finally, Wall Street Zen raised DeFi Development from a "strong sell" rating to a "sell" rating in a research note on Saturday, September 12th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $10.40.
View Our Latest Research Report on DeFi Development
About DeFi Development
(
Get Free Report)
DeFi Development Corp. (NASDAQ:DFDV) is a digital-asset and blockchain-focused company centered on the Solana ecosystem. Its principal strategy is to build and manage a Solana treasury while participating in the network through activities such as staking, validator operations and other infrastructure initiatives.
The company may also pursue investments, partnerships and acquisitions involving decentralized finance, blockchain infrastructure and applications built on Solana. Through these activities, DeFi Development seeks to support the network's growth while generating potential utility from its digital-asset holdings and related operating capabilities.
The company was formerly known as Janover Inc, a technology business that provided a platform for commercial real estate finance.
Further Reading
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