DeFi Development (NASDAQ:DFDV) Major Shareholder Parker White Purchases 10,069 Shares of Stock

DeFi Development Corp. (NASDAQ:DFDV) major shareholder Parker White acquired 10,069 shares of DeFi Development stock in a transaction that occurred on Friday, August 21st. The stock was bought at an average price of $3.91 per share, for a total transaction of $39,369.79. Following the completion of the acquisition, the insider owned 279,944 shares in the company, valued at $1,094,581.04. This trade represents a 3.73% increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

DeFi Development Trading Up 3.8%

DFDV stock traded up $0.15 during mid-day trading on Monday, hitting $4.09. 1,784,231 shares of the company were exchanged, compared to its average volume of 1,109,165. DeFi Development Corp. has a 12-month low of $2.44 and a 12-month high of $18.99. The firm has a market capitalization of $126.78 million, a P/E ratio of -0.41 and a beta of -3.94. The business has a fifty day simple moving average of $2.98 and a 200-day simple moving average of $3.62. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 12.53.

DeFi Development (NASDAQ:DFDV) last issued its quarterly earnings data on Wednesday, August 12th. The company reported ($0.21) EPS 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 Analyst Weigh In

A number of brokerages have recently weighed in on DFDV. Weiss Ratings reaffirmed a “hold (c)” rating on shares of DeFi Development in a research note on Friday, July 17th. Cantor Fitzgerald lowered their target price on DeFi Development from $7.00 to $4.70 and set an “overweight” rating for the company in a 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $4.70.

Hedge Funds Weigh In On DeFi Development

Several institutional investors have recently modified their holdings of DFDV. Farther Finance Advisors LLC acquired a new stake in shares of DeFi Development in the fourth quarter valued at $32,000. Caitong International Asset Management Co. Ltd acquired a new position in DeFi Development during the 4th quarter worth $47,000. Sanctuary Advisors LLC purchased a new stake in DeFi Development during the 4th quarter worth about $54,000. Squarepoint Ops LLC purchased a new stake in DeFi Development during the 4th quarter worth about $57,000. Finally, BlueChip Wealth Advisors LLC acquired a new stake in DeFi Development in the 1st quarter valued at about $58,000. Institutional investors and hedge funds own 0.48% of the company’s stock.

About DeFi Development

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.