Insider Buying: Destiny Tech100 (NYSE:DXYZ) CEO Purchases $1,036,200.00 in Stock

Destiny Tech100 Inc. (NYSE:DXYZ) CEO Sohail Prasad bought 33,000 shares of the stock in a transaction dated Tuesday, September 1st. The shares were bought at an average cost of $31.40 per share, with a total value of $1,036,200.00. Following the completion of the acquisition, the chief executive officer directly owned 41,000 shares of the company’s stock, valued at approximately $1,287,400. The trade was a 412.50% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Sohail Prasad also recently made the following trade(s):

• On Thursday, September 3rd, Sohail Prasad bought 9,760 shares of Destiny Tech100 stock. The stock was bought at an average price of $32.14 per share, for a total transaction of $313,686.40.
• On Wednesday, September 2nd, Sohail Prasad acquired 13,240 shares of Destiny Tech100 stock. The stock was purchased at an average price of $31.53 per share, for a total transaction of $417,457.20.

Destiny Tech100 Stock Down 1.7%

Shares of Destiny Tech100 stock opened at $32.03 on Friday. Destiny Tech100 Inc. has a 1-year low of $19.71 and a 1-year high of $72.87. The business’s fifty day moving average price is $28.59 and its two-hundred day moving average price is $32.24.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of DXYZ. Geneos Wealth Management Inc. boosted its stake in shares of Destiny Tech100 by 51.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 980 shares of the company’s stock worth $26,000 after acquiring an additional 332 shares in the last quarter. Sunbelt Securities Inc. purchased a new stake in shares of Destiny Tech100 in the fourth quarter worth approximately $28,000. CWM LLC acquired a new stake in shares of Destiny Tech100 during the 4th quarter valued at $37,000. Royal Bank of Canada boosted its position in Destiny Tech100 by 131.4% during the first quarter. Royal Bank of Canada now owns 1,439 shares of the company’s stock valued at $38,000 after purchasing an additional 817 shares during the last quarter. Finally, Clearstead Trust LLC bought a new stake in shares of Destiny Tech100 in the 4th quarter valued at approximately $42,000.

Destiny Tech100 is an investment company that focuses on providing exposure to a portfolio of high-growth technology businesses. The company’s strategy is centered on identifying innovative private and public technology-related companies that it believes have significant long-term potential.

As a specialty investment vehicle, Destiny Tech100 is designed for investors seeking access to the technology sector through a diversified approach rather than through a single operating business.