Insider Selling: Decent (NASDAQ:DXST) Major Shareholder Sells 128,698 Shares of Stock

Decent Holding Inc. (NASDAQ:DXST) major shareholder Financial Lp Hrt sold 128,698 shares of the stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $5.36, for a total value of $689,821.28. Following the completion of the transaction, the insider owned 59,694 shares in the company, valued at $319,959.84. This represents a 68.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Financial Lp Hrt also recently made the following trade(s):

• On Wednesday, June 3rd, Financial Lp Hrt acquired 65,073 shares of Decent stock. The stock was purchased at an average price of $4.71 per share, for a total transaction of $306,493.83.

Decent Trading Up 22.7%

NASDAQ:DXST traded up $0.77 during mid-day trading on Friday, reaching $4.14. The stock had a trading volume of 822,160 shares, compared to its average volume of 2,022,677. The business’s 50 day moving average is $2.47 and its 200 day moving average is $18.00. Decent Holding Inc. has a fifty-two week low of $1.50 and a fifty-two week high of $62.00.

Decent (NASDAQ:DXST) last released its quarterly earnings data on Monday, March 2nd. The company reported $0.12 EPS for the quarter. The firm had revenue of $3.69 million during the quarter.

Institutional Trading of Decent

An institutional investor recently bought a new position in Decent stock. Jane Street Group LLC bought a new stake in shares of Decent Holding Inc. (NASDAQ:DXST) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 97,790 shares of the company’s stock, valued at approximately $136,000. Jane Street Group LLC owned 0.40% of Decent as of its most recent SEC filing.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Decent in a research note on Friday, May 1st. Wall Street Zen upgraded Decent from a “sell” rating to a “hold” rating in a research note on Saturday, April 11th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Decent Company Profile

Decent Holding, Inc engages in the provision of wastewater treatment by cleansing the industrial wastewater, ecological river restoration, and river ecosystem management. Its products and services include river water quality management and microbial products for water quality enhancement and pollutant cleansing purposes. The company was founded by Ding Xin Sun on January 6, 2022 and is headquartered in Yantai, China.