Insider Buying: DeFi Development (NASDAQ:DFDV) Insider Acquires 3,540 Shares of Stock

Key Points

• Insider buying: Daniel Kang purchased 3,540 DeFi Development shares at an average price of $8.81, investing $31,187.40. The purchase follows earlier acquisitions of 11,000 shares in August at $3.88 and 13,000 shares at $2.91.
• Stock performance and financials: DFDV shares fell 8.1% to $5.77, while the company reported a quarterly loss of $0.21 per share, $3.31 million in revenue, and a negative net margin of 1,319.45%.
• Mixed analyst outlook: Ratings include a Buy and a Sell, resulting in an average “Hold” consensus. Cantor Fitzgerald raised its price target to $10.40, while Wall Street Zen and Weiss Ratings downgraded the stock to Sell.

DeFi Development Corp. (NASDAQ:DFDV - Get Free Report) insider Daniel Kang acquired 3,540 shares of the company's stock in a transaction on Tuesday, September 22nd. The shares were bought at an average price of $8.81 per share, with a total value of $31,187.40. Following the completion of the purchase, the insider directly owned 3,540 shares of the company's stock, valued at approximately $31,187.40. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Daniel Kang also recently made the following trade(s):

• On Thursday, August 20th, Daniel Kang bought 11,000 shares of DeFi Development stock. The stock was purchased at an average price of $3.88 per share, for a total transaction of $42,680.00.
• On Friday, August 14th, Daniel Kang bought 13,000 shares of DeFi Development stock. The stock was purchased at an average cost of $2.91 per share, for a total transaction of $37,830.00.

DeFi Development Stock Down 8.1%

Shares of DeFi Development stock traded down $0.51 during mid-day trading on Wednesday, reaching $5.77. 2,019,822 shares of the stock were exchanged, compared to its average volume of 2,495,100. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 12.53. The firm has a 50-day simple moving average of $4.05 and a 200 day simple moving average of $3.87. DeFi Development Corp. has a fifty-two week low of $2.44 and a fifty-two week high of $18.28.

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

Hedge Funds Weigh In On DeFi Development

Several large investors have recently made changes to their positions in DFDV. Caitong International Asset Management Co. Ltd bought a new position in shares of DeFi Development in the 4th quarter valued at about $47,000. BlueChip Wealth Advisors LLC bought a new stake in shares of DeFi Development during the first quarter worth approximately $58,000. Squarepoint Ops LLC bought a new stake in shares of DeFi Development during the second quarter worth approximately $52,000. Headlands Technologies LLC lifted its holdings in DeFi Development by 55.7% in the second quarter. Headlands Technologies LLC now owns 78,245 shares of the company's stock valued at $230,000 after buying an additional 27,988 shares during the period. Finally, NewEdge Advisors LLC lifted its holdings in DeFi Development by 36.2% in the second quarter. NewEdge Advisors LLC now owns 113,612 shares of the company's stock valued at $334,000 after buying an additional 30,180 shares during the period. Institutional investors and hedge funds own 0.48% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on DFDV shares. Wall Street Zen upgraded DeFi Development from a "strong sell" rating to a "sell" rating in a research report on Saturday, September 12th. Weiss Ratings cut DeFi Development from a "hold (c)" rating to a "sell (d-)" rating in a report on Tuesday. Finally, Cantor Fitzgerald restated an "overweight" rating and issued a $10.40 target price (up from $4.70) on shares of DeFi Development in a research note on Thursday, September 10th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, DeFi Development has an average rating of "Hold" and an average 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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