Insider Buying: Destiny Tech100 (NYSE:DXYZ) CEO Buys $417,457.20 in Stock

Destiny Tech100 Inc. (NYSE:DXYZ) CEO Sohail Prasad bought 13,240 shares of the company’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was purchased at an average price of $31.53 per share, for a total transaction of $417,457.20. Following the acquisition, the chief executive officer directly owned 54,240 shares in the company, valued at approximately $1,710,187.20. This trade represents a 32.29% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Thursday, September 3rd, Sohail Prasad acquired 9,760 shares of Destiny Tech100 stock. The shares were acquired at an average cost of $32.14 per share, with a total value of $313,686.40.
• On Tuesday, September 1st, Sohail Prasad purchased 33,000 shares of Destiny Tech100 stock. The stock was acquired at an average cost of $31.40 per share, for a total transaction of $1,036,200.00.

Destiny Tech100 Price Performance

DXYZ opened at $32.03 on Friday. The business has a 50 day moving average of $28.59 and a 200-day moving average of $32.24. Destiny Tech100 Inc. has a 1-year low of $19.71 and a 1-year high of $72.87.

Hedge Funds Weigh In On Destiny Tech100

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sunbelt Securities Inc. bought a new stake in shares of Destiny Tech100 in the 4th quarter worth approximately $28,000. Geneos Wealth Management Inc. boosted its stake in Destiny Tech100 by 51.2% during the first quarter. Geneos Wealth Management Inc. now owns 980 shares of the company’s stock worth $26,000 after buying an additional 332 shares in the last quarter. CWM LLC bought a new stake in Destiny Tech100 in the 4th quarter valued at $37,000. Raymond James Financial Inc. acquired a new position in shares of Destiny Tech100 in the 2nd quarter valued at $47,000. Finally, Clearstead Trust LLC bought a new position in shares of Destiny Tech100 during the 4th quarter worth about $42,000.

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.