Insider Buying: Drilling Tools International (NASDAQ:DTI) Director Purchases 25,000 Shares of Stock

Key Points

• Director Ira Harris Green Jr. bought 25,000 DTI shares at an average of $1.63 each, investing $40,750 and increasing his holdings by 145.29% to 42,207 shares. Other company insiders also purchased shares, bringing reported insider buying to 155,350 shares.
• Drilling Tools International missed third-quarter earnings expectations, reporting a loss of $0.01 per share versus analysts’ forecast of $0.04 earnings; revenue also came in slightly below estimates.
• Analyst sentiment is cautious: the stock carries an average “Reduce” rating and a $2.80 price target, while recent forecast cuts and higher capital spending have raised concerns about profitability and free cash flow.

Drilling Tools International Corp. (NASDAQ:DTI - Get Free Report) Director Ira Harris Green, Jr. bought 25,000 shares of Drilling Tools International stock in a transaction dated Monday, November 9th. The stock was acquired at an average cost of $1.63 per share, with a total value of $40,750.00. Following the completion of the acquisition, the director owned 42,207 shares of the company's stock, valued at $68,797.41. This represents a 145.29% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Drilling Tools International Stock Performance

Shares of DTI traded down $0.10 on Tuesday, reaching $1.48. 77,822 shares of the company's stock traded hands, compared to its average volume of 297,686. The stock's 50 day simple moving average is $2.13 and its two-hundred day simple moving average is $2.81. The stock has a market cap of $52.21 million, a PE ratio of -11.38, a PEG ratio of 4.17 and a beta of -0.56. Drilling Tools International Corp. has a 52-week low of $1.35 and a 52-week high of $4.69. The company has a current ratio of 2.18, a quick ratio of 1.58 and a debt-to-equity ratio of 0.40.

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

Drilling Tools International News Roundup

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.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Zacks Research downgraded shares of Drilling Tools International from a "strong-buy" rating to a "hold" rating in a report on Friday, October 9th. Jefferies Financial Group restated a "hold" rating and set a $2.80 price objective on shares of Drilling Tools International in a 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 analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Reduce" and an average price target of $2.80.

Institutional Trading of Drilling Tools International

Several hedge funds have recently made changes to their positions in the company. Squarepoint Ops LLC purchased a new stake in Drilling Tools International in the 2nd quarter worth about $34,000. OMERS ADMINISTRATION Corp bought a new stake in Drilling Tools International in the 1st quarter valued at about $80,000. Bfsg LLC lifted its holdings in Drilling Tools International by 45.1% during the third quarter. Bfsg LLC now owns 21,265 shares of the company's stock valued at $49,000 after purchasing an additional 6,610 shares during the last quarter. Engineers Gate Manager LP lifted its holdings in Drilling Tools International by 129.2% during the second quarter. Engineers Gate Manager LP now owns 37,825 shares of the company's stock valued at $73,000 after purchasing an additional 21,319 shares during the last quarter. Finally, AXQ Capital LP lifted its holdings in Drilling Tools International by 93.5% during the second quarter. AXQ Capital LP now owns 48,048 shares of the company's stock valued at $93,000 after purchasing an additional 23,213 shares during the last quarter. 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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