Parker White Buys 10,069 Shares of DeFi Development (NASDAQ:DFDV) Stock

DeFi Development Corp. (NASDAQ:DFDV) major shareholder Parker White purchased 10,069 shares of the stock in a transaction on Friday, August 21st. The shares were purchased at an average price of $3.91 per share, with a total value of $39,369.79. Following the acquisition, the insider owned 279,944 shares in the company, valued at approximately $1,094,581.04. The trade was a 3.73% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

DeFi Development Trading Up 12.0%

NASDAQ:DFDV opened at $4.58 on Wednesday. The firm’s fifty day moving average is $3.02 and its 200-day moving average is $3.62. The company has a debt-to-equity ratio of 12.53, a quick ratio of 1.27 and a current ratio of 1.27. DeFi Development Corp. has a 52 week low of $2.44 and a 52 week high of $18.99. The firm has a market cap of $141.98 million, a P/E ratio of -0.46 and a beta of -3.94.

DeFi Development (NASDAQ:DFDV) last posted its quarterly earnings data on Wednesday, August 12th. The company reported ($0.21) earnings per share 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%.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On DeFi Development

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Headlands Technologies LLC grew its stake in shares of DeFi Development by 55.7% in the 2nd 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. BlackRock Inc. bought a new position in DeFi Development in the second quarter worth approximately $1,067,000. Bank of New York Mellon Corp bought a new position in DeFi Development in the second quarter worth approximately $138,000. NewEdge Advisors LLC lifted its position in DeFi Development by 62.3% in the 1st quarter. NewEdge Advisors LLC now owns 83,432 shares of the company’s stock valued at $274,000 after acquiring an additional 32,024 shares in the last quarter. Finally, BlueChip Wealth Advisors LLC bought a new position in DeFi Development in the 1st quarter valued at about $58,000. 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.