Sohail Prasad Acquires 33,000 Shares of Destiny Tech100 (NYSE:DXYZ) Stock

Key Points

• CEO Sohail Prasad bought 33,000 Destiny Tech100 shares at an average price of $31.40, investing approximately $1.04 million. The purchase increased his holdings by 412.5% to 41,000 shares.
• Prasad also purchased 9,760 shares at $32.14 on September 3 and 13,240 shares at $31.53 on September 2, bringing his reported recent purchases to 56,000 shares.
• DXYZ shares rose $0.84 to $33.54, while several institutional investors increased their positions, including Cetera Investment Advisers, which boosted its stake by 403.9%.

Destiny Tech100 Inc. (NYSE:DXYZ - Get Free Report) CEO Sohail Prasad acquired 33,000 shares of the stock in a transaction on Tuesday, September 1st. The stock was bought at an average cost of $31.40 per share, with a total value of $1,036,200.00. Following the completion of the transaction, the chief executive officer owned 41,000 shares in the company, valued at $1,287,400. This trade represents a 412.50% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Thursday, September 3rd, Sohail Prasad purchased 9,760 shares of Destiny Tech100 stock. The shares were purchased at an average price of $32.14 per share, for a total transaction of $313,686.40.
• On Wednesday, September 2nd, Sohail Prasad purchased 13,240 shares of Destiny Tech100 stock. The stock was acquired at an average price of $31.53 per share, with a total value of $417,457.20.

Destiny Tech100 Stock Performance

DXYZ stock traded up $0.84 during trading on Tuesday, hitting $33.54. 1,077,093 shares of the company's stock traded hands, compared to its average volume of 2,470,150. Destiny Tech100 Inc. has a 1 year low of $19.71 and a 1 year high of $72.87. The business has a fifty day simple moving average of $28.11 and a two-hundred day simple moving average of $32.15.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Cetera Investment Advisers boosted its stake in shares of Destiny Tech100 by 403.9% in the first quarter. Cetera Investment Advisers now owns 167,973 shares of the company's stock worth $4,498,000 after buying an additional 134,638 shares during the last quarter. Kestra Advisory Services LLC raised its position in Destiny Tech100 by 157.8% during the first quarter. Kestra Advisory Services LLC now owns 140,185 shares of the company's stock valued at $3,754,000 after acquiring an additional 85,803 shares in the last quarter. Virtu Financial LLC acquired a new position in Destiny Tech100 in the fourth quarter valued at approximately $743,000. FirstWave Capital Management LLC acquired a new position in Destiny Tech100 in the second quarter valued at approximately $1,729,000. Finally, Kestra Private Wealth Services LLC purchased a new stake in Destiny Tech100 in the 1st quarter worth approximately $645,000.

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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