Aristides Capital LLC Acquires New Shares in Destiny Tech100 Inc. $DXYZ

Key Points

• Aristides Capital LLC has invested approximately $1 million in Destiny Tech100 Inc. (NYSE:DXYZ), acquiring 28,350 shares, which represents a 0.26% ownership stake.
• CEO Sohail Prasad sold 380,000 shares at an average price of $34.14, reducing his total ownership by 35.12%, now holding 702,065 shares valued at about $23.97 million.
• Destiny Tech100's stock opened at $28.77, with a 52-week range of $9.63 to $77.35, indicating significant volatility over the past year.

Aristides Capital LLC purchased a new position in Destiny Tech100 Inc. (NYSE:DXYZ - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 28,350 shares of the company's stock, valued at approximately $1,003,000. Aristides Capital LLC owned about 0.26% of Destiny Tech100 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Barclays PLC grew its position in Destiny Tech100 by 19.1% in the fourth quarter. Barclays PLC now owns 1,248 shares of the company's stock worth $73,000 after buying an additional 200 shares during the last quarter. Cetera Investment Advisers grew its position in Destiny Tech100 by 4.0% during the 1st quarter. Cetera Investment Advisers now owns 20,965 shares of the company's stock worth $742,000 after purchasing an additional 808 shares in the last quarter. NewEdge Advisors LLC purchased a new position in Destiny Tech100 during the 4th quarter worth approximately $52,000. Harbour Investments Inc. purchased a new position in Destiny Tech100 during the 1st quarter worth approximately $56,000. Finally, Bank of America Corp DE grew its position in Destiny Tech100 by 360.0% during the 4th quarter. Bank of America Corp DE now owns 2,300 shares of the company's stock worth $135,000 after purchasing an additional 1,800 shares in the last quarter.

Insiders Place Their Bets

In other Destiny Tech100 news, CEO Sohail Prasad sold 380,000 shares of Destiny Tech100 stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $34.14, for a total transaction of $12,973,200.00. Following the transaction, the chief executive officer directly owned 702,065 shares in the company, valued at approximately $23,968,499.10. The trade was a 35.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 10.29% of the company's stock.

Destiny Tech100 Trading Down 3.3%

NYSE DXYZ traded down $0.94 on Friday, hitting $27.39. 394,960 shares of the stock were exchanged, compared to its average volume of 626,649. Destiny Tech100 Inc. has a 52-week low of $9.63 and a 52-week high of $77.35. The company's 50-day moving average price is $32.73 and its two-hundred day moving average price is $36.40.