Drilling Tools International (NASDAQ:DTI) Insider Sells $10,415.00 in Stock

Key Points

• Insider Michael Wayne Jr. Domino sold 4,166 shares of Drilling Tools International at $2.50 per share, totaling $10,415, reducing his ownership by 0.28% to 1,466,382 shares.
• Drilling Tools International reported an earnings miss with EPS of ($0.02), falling short of expectations of $0.04, and generated $39.42 million in revenue against a $40.14 million estimate.
• Brokerages have varied opinions on the stock, with Zacks Research downgrading it to "strong sell," while Wall Street Zen upgraded it to "hold," reflecting mixed analyst sentiment.

Drilling Tools International Corp. (NASDAQ:DTI - Get Free Report) insider Michael Wayne Jr. Domino sold 4,166 shares of the stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $2.50, for a total value of $10,415.00. Following the sale, the insider directly owned 1,466,382 shares of the company's stock, valued at $3,665,955. The trade was a 0.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Drilling Tools International Stock Performance

Shares of DTI traded down $0.15 on Friday, reaching $2.40. 274,158 shares of the company's stock traded hands, compared to its average volume of 70,069. The company has a current ratio of 2.06, a quick ratio of 1.49 and a debt-to-equity ratio of 0.41. The stock has a market cap of $85.58 million, a PE ratio of -18.46 and a beta of -0.42. The stock's 50 day simple moving average is $2.11 and its two-hundred day simple moving average is $2.40. Drilling Tools International Corp. has a 52-week low of $1.43 and a 52-week high of $4.18.

Drilling Tools International (NASDAQ:DTI - Get Free Report) last released its earnings results on Wednesday, August 13th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by ($0.06). Drilling Tools International had a positive return on equity of 4.29% and a negative net margin of 2.81%.The firm had revenue of $39.42 million during the quarter, compared to analysts' expectations of $40.14 million. Drilling Tools International has set its FY 2025 guidance at EPS. On average, analysts forecast that Drilling Tools International Corp. will post 0.38 earnings per share for the current fiscal year.

Institutional Trading of Drilling Tools International

Large investors have recently bought and sold shares of the company. Wellington Management Group LLP boosted its position in Drilling Tools International by 50.6% during the 1st quarter. Wellington Management Group LLP now owns 23,965 shares of the company's stock valued at $57,000 after acquiring an additional 8,054 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in shares of Drilling Tools International in the 4th quarter worth approximately $46,000. Northern Trust Corp boosted its position in shares of Drilling Tools International by 6.7% in the 4th quarter. Northern Trust Corp now owns 73,848 shares of the company's stock worth $241,000 after purchasing an additional 4,639 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Drilling Tools International by 38.0% in the 1st quarter. Bank of New York Mellon Corp now owns 22,526 shares of the company's stock worth $53,000 after purchasing an additional 6,203 shares in the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of Drilling Tools International in the 1st quarter worth approximately $32,000. 2.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered shares of Drilling Tools International from a "hold" rating to a "strong sell" rating in a report on Friday, August 15th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Drilling Tools International has a consensus rating of "Hold" and an average price target of $5.50.

Drilling Tools International Company Profile

Drilling Tools International Corporation provides oilfield equipment and services to oil and natural gas sectors in North America, Europe, and the Middle East. It offers downhole tool rentals, machining, and inspection services to support the global drilling and wellbore construction industry. The company also provides products are bottom hole assembly components, such as stabilizers, subs, non-magnetic and steel drill collars, hole openers, and roller reamers, as well as drill pipe and drill pipe accessories; ancillary equipment and handling tools to support its rental platform, including float valves, ring gauges, tool baskets, lift bail, lift subs, mud magnets, elevators, bracket and bail assemblies, slips, tongs, stabbing guides and safety clamps; and blowout preventers, and pressure control accessory equipment.