Wedbush Securities Inc. Buys New Stake in Destiny Tech100 Inc. (NYSE:DXYZ)

Key Points

• Wedbush Securities Inc. has acquired a new stake in Destiny Tech100 Inc., purchasing 16,870 shares valued at approximately $597,000, representing about 0.16% of the company's stock.
• CEO Sohail Prasad recently sold 380,000 shares at an average price of $34.14, decreasing his position by 35.12% while still holding shares valued at around $23.97 million.
• Destiny Tech100's stock has demonstrated significant volatility, with a 12-month range between a low of $9.00 and a high of $77.35.

Wedbush Securities Inc. bought a new stake in shares of Destiny Tech100 Inc. (NYSE:DXYZ - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 16,870 shares of the company's stock, valued at approximately $597,000. Wedbush Securities Inc. owned approximately 0.16% of Destiny Tech100 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DXYZ. Invesco Ltd. acquired a new stake in shares of Destiny Tech100 in the 4th quarter valued at $632,000. Stifel Financial Corp acquired a new position in Destiny Tech100 during the 4th quarter valued at about $679,000. Cetera Investment Advisers acquired a new position in Destiny Tech100 during the fourth quarter worth about $1,186,000. Jane Street Group LLC purchased a new stake in Destiny Tech100 in the 4th quarter worth about $1,960,000. Finally, Strategy Asset Managers LLC boosted its position in shares of Destiny Tech100 by 71.4% in the fourth quarter. Strategy Asset Managers LLC now owns 18,000 shares of the company's stock valued at $1,059,000 after acquiring an additional 7,500 shares during the period.

Destiny Tech100 Trading Down 4.6%

NYSE DXYZ traded down $1.47 during trading hours on Tuesday, hitting $30.68. The company's stock had a trading volume of 213,726 shares, compared to its average volume of 652,764. The stock has a fifty day moving average of $38.72 and a 200 day moving average of $40.67. Destiny Tech100 Inc. has a twelve month low of $9.00 and a twelve month high of $77.35.

Insider Buying and Selling at Destiny Tech100

In related news, CEO Sohail Prasad sold 380,000 shares of the company's stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $34.14, for a total value of $12,973,200.00. Following the sale, the chief executive officer directly owned 702,065 shares of the company's stock, valued at $23,968,499.10. This represents a 35.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 10.29% of the company's stock.