Brevan Howard Capital Management LP Makes New Investment in DeFi Technologies Inc. $DEFT

Key Points

• Brevan Howard Capital Management LP bought 2,500,002 shares of DeFi Technologies (NASDAQ:DEFT) in Q3, a position worth about $5.275 million and representing roughly 0.73% of the company.
• Other institutions—including Swiss National Bank, Geode Capital Management and JPMorgan—also initiated or added positions recently, indicating rising institutional interest in DEFT.
• Analyst sentiment is mixed (three Buys, one Sell) with an average MarketBeat price target of $4.50, while the stock trades around $0.64 and has a 52‑week range of $0.60–$4.95.

Brevan Howard Capital Management LP bought a new position in shares of DeFi Technologies Inc. (NASDAQ:DEFT - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,500,002 shares of the company's stock, valued at approximately $5,275,000. Brevan Howard Capital Management LP owned about 0.73% of DeFi Technologies at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in DEFT. Allworth Financial LP bought a new position in shares of DeFi Technologies in the second quarter worth about $44,000. Geode Capital Management LLC bought a new stake in DeFi Technologies during the 2nd quarter valued at about $1,294,000. Western Wealth Management LLC purchased a new stake in DeFi Technologies in the 2nd quarter valued at about $418,000. Swiss National Bank purchased a new stake in DeFi Technologies in the 2nd quarter valued at about $1,727,000. Finally, JPMorgan Chase & Co. bought a new position in DeFi Technologies in the 2nd quarter worth about $88,000.

Wall Street Analysts Forecast Growth

DEFT has been the topic of a number of research reports. Northland Securities set a $2.50 target price on shares of DeFi Technologies in a research report on Monday, November 17th. Wall Street Zen cut DeFi Technologies from a "hold" rating to a "sell" rating in a research note on Saturday, February 7th. Weiss Ratings restated a "sell (d-)" rating on shares of DeFi Technologies in a report on Wednesday, January 21st. Finally, Benchmark decreased their target price on DeFi Technologies from $8.00 to $3.00 and set a "buy" rating for the company in a research report on Friday, November 21st. Three research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $4.50.

DeFi Technologies Trading Up 0.6%

NASDAQ DEFT opened at $0.64 on Monday. DeFi Technologies Inc. has a one year low of $0.60 and a one year high of $4.95. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.88 and a current ratio of 0.88. The company has a market capitalization of $249.65 million, a price-to-earnings ratio of 12.88 and a beta of 4.38. The company's 50-day simple moving average is $0.81 and its two-hundred day simple moving average is $1.39.

DeFi Technologies Profile

DeFi Technologies Inc is a Vancouver-based company focused on decentralized finance (DeFi) and digital asset investments. Through strategic equity stakes and token allocations, the company aims to provide investors with exposure to leading DeFi protocols, applications, and infrastructure projects. Its core activities include sourcing, evaluating and acquiring positions in blockchain-based platforms that facilitate decentralized lending, trading, yield farming and liquidity provision.

In addition to its investment portfolio, DeFi Technologies works to develop and distribute tokenized products that bridge traditional capital markets with emerging DeFi ecosystems.

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