DeFi Development (NASDAQ:DFDV) Insider Daniel Kang Purchases 11,000 Shares of Stock

DeFi Development Corp. (NASDAQ:DFDV) insider Daniel Kang acquired 11,000 shares of the business’s stock in a transaction dated Thursday, August 20th. The stock was bought at an average cost of $3.88 per share, with a total value of $42,680.00. Following the acquisition, the insider owned 18,181 shares in the company, valued at $70,542.28. The trade was a 153.18% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• 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, with a total value of $37,830.00.

DeFi Development Price Performance

Shares of DFDV opened at $3.94 on Friday. The company has a market cap of $122.14 million, a price-to-earnings ratio of -0.39 and a beta of -3.94. DeFi Development Corp. has a 1-year low of $2.44 and a 1-year high of $20.30. The company’s fifty day simple moving average is $2.98 and its 200 day simple moving average is $3.63. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 12.53.

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

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on DFDV. Weiss Ratings reiterated a “hold (c)” rating on shares of DeFi Development in a research note on Friday, July 17th. Cantor Fitzgerald lowered their price target on DeFi Development from $7.00 to $4.70 and set an “overweight” rating on the stock in a research report on Wednesday, July 1st. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $4.70.

Hedge Funds Weigh In On DeFi Development

A number of large investors have recently made changes to their positions in the company. Pantera Capital Partners LP acquired a new stake in DeFi Development during the 3rd quarter worth approximately $13,207,000. Alyeska Investment Group L.P. acquired a new position in DeFi Development in the 3rd quarter valued at $9,489,000. Polar Asset Management Partners Inc. acquired a new position in DeFi Development in the 3rd quarter valued at $6,379,000. Millennium Management LLC increased its position in DeFi Development by 215.0% during the 4th quarter. Millennium Management LLC now owns 407,794 shares of the company’s stock worth $2,059,000 after buying an additional 278,334 shares during the period. Finally, BlackRock Inc. bought a new position in DeFi Development during the 2nd quarter worth $1,067,000. Institutional investors own 0.48% of the company’s stock.

DeFi Development Company Profile

We are a B2B fintech marketplace connecting commercial property borrowers and lenders with a human touch. We seek to revolutionize the commercial real estate lending market by making it hyper-efficient, transparent, and accessible to all rather than the few. Through our online platform, we provide technology that connects commercial mortgage borrowers looking for capital to refinance, build, or purchase commercial property, including, but not limited to, apartment buildings, to commercial property lenders.