Insider Buying: DeFi Development (NASDAQ:DFDV) Insider Acquires $42,680.00 in Stock

DeFi Development Corp. (NASDAQ:DFDV) insider Daniel Kang purchased 11,000 shares of DeFi Development stock in a transaction on Thursday, August 20th. The stock was bought at an average cost of $3.88 per share, with a total value of $42,680.00. Following the transaction, the insider directly owned 18,181 shares of the company’s stock, valued at approximately $70,542.28. The trade was a 153.18% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Daniel Kang also recently made the following trade(s):

• On Friday, August 14th, Daniel Kang purchased 13,000 shares of DeFi Development stock. The shares were bought at an average price of $2.91 per share, with a total value of $37,830.00.

DeFi Development Stock Performance

Shares of NASDAQ DFDV opened at $3.94 on Monday. The business’s 50-day simple moving average is $2.98 and its 200-day simple moving average is $3.62. The company has a debt-to-equity ratio of 12.53, a quick ratio of 1.27 and a current ratio of 1.27. DeFi Development Corp. has a 52 week low of $2.44 and a 52 week high of $20.30. The firm has a market cap of $122.13 million, a price-to-earnings ratio of -0.39 and a beta of -3.94.

DeFi Development (NASDAQ:DFDV) last posted 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 during the quarter. DeFi Development had a positive return on equity of 17.97% and a negative net margin of 1,319.45%.

Wall Street Analysts Forecast Growth

DFDV has been the topic of several recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of DeFi Development in a report on Friday, July 17th. Cantor Fitzgerald lowered their price target on DeFi Development from $7.00 to $4.70 and set an “overweight” rating on the stock in a research report on Wednesday, July 1st. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, DeFi Development currently has an average rating of “Moderate Buy” and an average price target of $4.70.

Institutional Trading of DeFi Development

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC bought a new position in shares of DeFi Development during the 4th quarter worth about $32,000. Caitong International Asset Management Co. Ltd acquired a new stake in DeFi Development during the fourth quarter worth about $47,000. Sanctuary Advisors LLC acquired a new stake in DeFi Development during the fourth quarter worth about $54,000. Squarepoint Ops LLC bought a new position in DeFi Development during the fourth quarter valued at about $57,000. Finally, BlueChip Wealth Advisors LLC acquired a new position in DeFi Development in the 1st quarter valued at approximately $58,000. 0.48% of the stock is currently owned by institutional investors and hedge funds.

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.