DeFi Development (NASDAQ:DFDV) Major Shareholder Parker White Buys 9,462 Shares of Stock

DeFi Development Corp. (NASDAQ:DFDV) major shareholder Parker White bought 9,462 shares of the company’s stock in a transaction that occurred on Thursday, September 24th. The shares were bought at an average cost of $8.96 per share, for a total transaction of $84,779.52. Following the transaction, the insider directly owned 9,462 shares of the company’s stock, valued at $84,779.52. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases 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 bought 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 stock was bought at an average cost of $3.91 per share, with a total value of $39,369.79.

DeFi Development Stock Performance

NASDAQ DFDV opened at $6.04 on Friday. The company’s fifty day moving average is $4.17 and its two-hundred day moving average is $3.90. DeFi Development Corp. has a 52-week low of $2.44 and a 52-week high of $18.28. 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 firm has a market capitalization of $187.24 million, a price-to-earnings ratio of -0.61 and a beta of -3.75.

DeFi Development (NASDAQ:DFDV) last announced its quarterly earnings data on Wednesday, August 12th. The company reported ($0.21) EPS for the quarter. DeFi Development had a negative net margin of 1,319.45% and a positive return on equity of 17.97%. The company had revenue of $3.31 million for the quarter.

Wall Street Analyst Weigh In

DFDV has been the subject of several recent research reports. Weiss Ratings cut DeFi Development from a “hold (c)” rating to a “sell (d-)” rating in a report on Tuesday. Cantor Fitzgerald reissued an “overweight” rating and set a $10.40 price objective (up from $4.70) on shares of DeFi Development in a report on Thursday, September 10th. Finally, Wall Street Zen upgraded DeFi Development from a “strong sell” rating to a “sell” rating in a research report 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. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $10.40.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in DFDV. BlackRock Inc. acquired a new stake in DeFi Development during the second quarter valued at approximately $1,067,000. BlueChip Wealth Advisors LLC acquired a new position in shares of DeFi Development in the 1st quarter worth approximately $58,000. Bank of New York Mellon Corp acquired a new position in shares of DeFi Development in the 1st quarter worth approximately $145,000. NewEdge Advisors LLC lifted its position in shares of DeFi Development by 62.3% during the 1st quarter. NewEdge Advisors LLC now owns 83,432 shares of the company’s stock worth $274,000 after buying an additional 32,024 shares during the period. Finally, DeepCurrents Investment Group LLC lifted its position in shares of DeFi Development by 1,065.0% during the 4th quarter. DeepCurrents Investment Group LLC now owns 117,200 shares of the company’s stock worth $592,000 after buying an additional 107,140 shares during the period. Institutional investors and hedge funds own 0.48% of the company’s stock.

DeFi Development Company Profile

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.