DeFi Development (NASDAQ:DFDV) Major Shareholder Acquires 9,462 Shares of Company Stock

Key Points

• Major shareholder Parker White purchased 9,462 DeFi Development shares on September 24 at an average of $8.96 per share, a transaction valued at approximately $84,780. White also bought additional shares in August and September.
• DFDV shares rose 2.8% to $5.96, while the company reported a quarterly loss of $0.21 per share on $3.31 million in revenue. The stock has a negative net margin and high debt-to-equity ratio.
• Analyst sentiment remains mixed: Weiss Ratings downgraded the stock to sell, while Cantor Fitzgerald maintained an overweight rating and raised its price target to $10.40; MarketBeat lists a consensus rating of Hold.

DeFi Development Corp. (NASDAQ:DFDV - Get Free Report) major shareholder Parker White acquired 9,462 shares of the business's stock in a transaction dated Thursday, September 24th. The stock was purchased at an average price of $8.96 per share, with a total value of $84,779.52. Following the completion of the acquisition, the insider directly owned 9,462 shares in the company, valued at approximately $84,779.52. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.

Parker White also recently made the following trade(s):

• On Friday, September 25th, Parker White bought 538 shares of DeFi Development stock. The stock was purchased at an average cost of $8.90 per share, with a total value of $4,788.20.
• On Friday, August 21st, Parker White acquired 10,069 shares of DeFi Development stock. The stock was acquired at an average price of $3.91 per share, with a total value of $39,369.79.

DeFi Development Trading Up 2.8%

Shares of DFDV traded up $0.17 during trading hours on Friday, hitting $5.96. The company had a trading volume of 2,067,742 shares, compared to its average volume of 1,289,215. The firm has a market cap of $184.60 million, a P/E ratio of -0.60 and a beta of -3.75. DeFi Development Corp. has a 52-week low of $2.44 and a 52-week high of $18.28. The stock's 50 day moving average price is $4.10 and its 200 day moving average price is $3.88. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 12.53.

DeFi Development (NASDAQ:DFDV - Get Free Report) last issued its earnings results on Wednesday, August 12th. The company reported ($0.21) earnings per share (EPS) for the quarter. The firm had revenue of $3.31 million during the quarter. DeFi Development had a positive return on equity of 17.97% and a negative net margin of 1,319.45%.

Institutional Trading of DeFi Development

Institutional investors have recently bought and sold shares of the company. NewEdge Advisors LLC lifted its stake in shares of DeFi Development by 36.2% in the second quarter. NewEdge Advisors LLC now owns 113,612 shares of the company's stock worth $334,000 after buying an additional 30,180 shares in the last quarter. Squarepoint Ops LLC purchased a new position in DeFi Development in the 2nd quarter worth approximately $52,000. Headlands Technologies LLC lifted its position in DeFi Development by 55.7% in the 2nd quarter. Headlands Technologies LLC now owns 78,245 shares of the company's stock valued at $230,000 after acquiring an additional 27,988 shares in the last quarter. BlackRock Inc. purchased a new stake in DeFi Development during the 2nd quarter valued at $1,067,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of DeFi Development in the 2nd quarter worth $138,000. 0.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Weiss Ratings cut shares of DeFi Development from a "hold (c)" rating to a "sell (d-)" rating in a research report on Tuesday. Wall Street Zen upgraded shares of DeFi Development from a "strong sell" rating to a "sell" rating in a report on Saturday, September 12th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and set a $10.40 price objective (up from $4.70) on shares of DeFi Development in a research report on Thursday, September 10th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $10.40.

DeFi Development Company Profile

DeFi Development Corp. NASDAQ: DFDV is a digital-asset and blockchain-focused company centered on the Solana ecosystem. Its principal strategy is to build and manage a Solana treasury while participating in the network through activities such as staking, validator operations and other infrastructure initiatives.

The company may also pursue investments, partnerships and acquisitions involving decentralized finance, blockchain infrastructure and applications built on Solana. Through these activities, DeFi Development seeks to support the network's growth while generating potential utility from its digital-asset holdings and related operating capabilities.

The company was formerly known as Janover Inc, a technology business that provided a platform for commercial real estate finance.

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