Insider Buying: Drilling Tools International (NASDAQ:DTI) CFO Acquires $50,077.50 in Stock

Key Points

• CFO David Richard Johnson bought 30,350 shares at $1.65 each, spending $50,077.50 and increasing his direct holdings by 45% to 97,780 shares. The article also reports that three company insiders bought a combined 155,350 shares.
• Drilling Tools International missed quarterly earnings expectations, reporting a loss of $0.01 per share versus analysts’ expected $0.04 profit; revenue also came in slightly below forecasts.
• Analyst sentiment is cautious: the stock has an average “Reduce” rating, with two Hold ratings and one Sell, and an average price target of $2.80. Shares recently traded at $1.48.

Drilling Tools International Corp. (NASDAQ:DTI - Get Free Report) CFO David Richard Johnson acquired 30,350 shares of the business's stock in a transaction that occurred on Monday, November 9th. The stock was purchased at an average cost of $1.65 per share, with a total value of $50,077.50. Following the acquisition, the chief financial officer directly owned 97,780 shares of the company's stock, valued at $161,337. This trade represents a 45.01% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink.

Drilling Tools International Stock Performance

Shares of NASDAQ:DTI traded down $0.10 during trading on Tuesday, hitting $1.48. The company's stock had a trading volume of 77,822 shares, compared to its average volume of 297,686. The company has a 50-day moving average of $2.13 and a 200-day moving average of $2.81. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.18 and a quick ratio of 1.58. The firm has a market cap of $52.21 million, a price-to-earnings ratio of -11.38, a P/E/G ratio of 4.17 and a beta of -0.56. Drilling Tools International Corp. has a 12 month low of $1.35 and a 12 month high of $4.69.

Drilling Tools International (NASDAQ:DTI - Get Free Report) last announced its earnings results on Thursday, November 5th. The company reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.05). The business had revenue of $40.65 million for the quarter, compared to analysts' expectations of $40.87 million. Drilling Tools International had a negative net margin of 1.97% and a positive return on equity of 0.58%. On average, sell-side analysts expect that Drilling Tools International Corp. will post 0.04 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Zacks Research downgraded Drilling Tools International from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 9th. Jefferies Financial Group restated a "hold" rating and issued a $2.80 price target on shares of Drilling Tools International in a research report on Sunday, August 9th. Finally, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Drilling Tools International in a research report on Monday, October 26th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Reduce" and an average target price of $2.80.

Key Drilling Tools International News

Here are the key news stories impacting Drilling Tools International this week:

• Positive Sentiment: Three insiders bought a combined 155,350 shares for about $255,000. CEO Robert Prejean purchased 100,000 shares, while the CFO and a director also increased their holdings—an encouraging signal of confidence from company leadership. CEO SEC filing CFO SEC filing Director SEC filing
• Neutral Sentiment: A report listed short interest at zero shares, so it indicates no measurable short position in the figures provided, rather than a notable short squeeze setup.
• Negative Sentiment: DTI’s third-quarter adjusted results missed estimates as higher costs offset stronger sales. Increased capital spending is also weighing on the company’s 2026 free-cash-flow outlook. Zacks earnings article
• Negative Sentiment: Sidoti cut several earnings forecasts, including FY2027 EPS to $0.13 from $0.16 and Q4 2026 EPS to $0.03 from $0.06. The reductions reinforce concerns about near-term profitability.

Hedge Funds Weigh In On Drilling Tools International

Hedge funds have recently modified their holdings of the company. Private Management Group Inc. purchased a new stake in shares of Drilling Tools International in the second quarter worth $3,361,000. Walleye Capital LLC purchased a new position in shares of Drilling Tools International during the 1st quarter valued at $1,243,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of Drilling Tools International during the 1st quarter valued at $954,000. AXQ Capital LP lifted its stake in shares of Drilling Tools International by 93.5% during the 2nd quarter. AXQ Capital LP now owns 48,048 shares of the company's stock valued at $93,000 after buying an additional 23,213 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Drilling Tools International by 385.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 113,109 shares of the company's stock worth $488,000 after buying an additional 89,806 shares during the period. 2.79% of the stock is currently owned by institutional investors.

About Drilling Tools International

Drilling Tools International Corporation NASDAQ: DTI provides rental tools and related services to the oil and gas drilling industry. The company supplies downhole equipment used in drilling, completion and production operations, serving exploration and production companies, drilling contractors and oilfield service providers. Its product offering includes drill pipe, drill collars, heavy-weight drill pipe, stabilizers, subs, mud motors, drilling jars and other specialized downhole tools. Drilling Tools International also provides equipment inspection, maintenance, repair, refurbishment and machining services intended to support the safe and efficient use of drilling equipment.

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