Destiny Tech100 (NYSE:DXYZ) CEO Sohail Prasad Acquires 13,240 Shares of Stock

Key Points

• CEO Sohail Prasad acquired 13,240 DXYZ shares at an average price of $31.53, investing approximately $417,457 and increasing his direct ownership by 32.29% to 54,240 shares.
• Prasad also bought 9,760 shares on September 3 and 33,000 shares on September 1, bringing his recent purchases to 56,000 shares.
• DXYZ shares rose 2.6% to $33.54, while several institutional investors—including UBS Group and Private Advisor Group—recently increased their positions.

Destiny Tech100 Inc. (NYSE:DXYZ - Get Free Report) CEO Sohail Prasad acquired 13,240 shares of the company's stock in a transaction on Wednesday, September 2nd. The stock was acquired at an average price of $31.53 per share, with a total value of $417,457.20. Following the purchase, the chief executive officer directly owned 54,240 shares in the company, valued at approximately $1,710,187.20. This represents a 32.29% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Sohail Prasad also recently made the following trade(s):

• On Thursday, September 3rd, Sohail Prasad bought 9,760 shares of Destiny Tech100 stock. The shares were acquired at an average price of $32.14 per share, for a total transaction of $313,686.40.
• On Tuesday, September 1st, Sohail Prasad bought 33,000 shares of Destiny Tech100 stock. The shares were acquired at an average cost of $31.40 per share, for a total transaction of $1,036,200.00.

Destiny Tech100 Trading Up 2.6%

Shares of DXYZ stock traded up $0.84 during trading on Tuesday, hitting $33.54. The company had a trading volume of 1,077,093 shares, compared to its average volume of 2,470,150. Destiny Tech100 Inc. has a one year low of $19.71 and a one year high of $72.87. The stock's 50-day moving average price is $28.11 and its 200 day moving average price is $32.15.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of DXYZ. Cresset Asset Management LLC acquired a new stake in Destiny Tech100 during the second quarter worth about $221,000. Raymond James Financial Inc. acquired a new position in shares of Destiny Tech100 in the 2nd quarter valued at approximately $47,000. Visionary Wealth Advisors acquired a new position in shares of Destiny Tech100 in the 2nd quarter valued at approximately $239,000. Private Advisor Group LLC lifted its holdings in shares of Destiny Tech100 by 40.5% during the 3rd quarter. Private Advisor Group LLC now owns 15,204 shares of the company's stock worth $324,000 after acquiring an additional 4,384 shares during the period. Finally, UBS Group AG boosted its position in shares of Destiny Tech100 by 45.3% during the 3rd quarter. UBS Group AG now owns 29,639 shares of the company's stock worth $631,000 after acquiring an additional 9,241 shares in the last quarter.

Destiny Tech100 is an investment company that focuses on providing exposure to a portfolio of high-growth technology businesses. The company’s strategy is centered on identifying innovative private and public technology-related companies that it believes have significant long-term potential.

As a specialty investment vehicle, Destiny Tech100 is designed for investors seeking access to the technology sector through a diversified approach rather than through a single operating business.

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