Decent (NASDAQ:DXST) Major Shareholder Sells $689,821.28 in Stock

Decent Holding Inc. (NASDAQ:DXST) major shareholder Financial Lp Hrt sold 128,698 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $5.36, for a total value of $689,821.28. Following the completion of the transaction, the insider directly owned 59,694 shares of the company’s stock, valued at approximately $319,959.84. This trade represents a 68.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Financial Lp Hrt also recently made the following trade(s):

• On Wednesday, June 3rd, Financial Lp Hrt purchased 65,073 shares of Decent stock. The stock was purchased at an average cost of $4.71 per share, with a total value of $306,493.83.

Decent Trading Up 22.7%

Decent stock traded up $0.77 during trading hours on Friday, hitting $4.14. The stock had a trading volume of 822,160 shares, compared to its average volume of 2,022,677. The company has a 50-day moving average of $2.47 and a two-hundred day moving average of $18.00. Decent Holding Inc. has a fifty-two week low of $1.50 and a fifty-two week high of $62.00.

Decent (NASDAQ:DXST) last posted its quarterly earnings results on Monday, March 2nd. The company reported $0.12 EPS for the quarter. The firm had revenue of $3.69 million during the quarter.

Hedge Funds Weigh In On Decent

A hedge fund recently bought a new stake in Decent stock. Jane Street Group LLC bought a new position in Decent Holding Inc. (NASDAQ:DXST) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 97,790 shares of the company’s stock, valued at approximately $136,000. Jane Street Group LLC owned approximately 0.40% of Decent at the end of the most recent quarter.

Analysts Set New Price Targets

DXST has been the subject of a number of recent research reports. Wall Street Zen raised Decent from a “sell” rating to a “hold” rating in a report on Saturday, April 11th. Weiss Ratings reissued a “sell (d)” rating on shares of Decent in a report on Friday, May 1st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

About Decent

Decent Holding, Inc engages in the provision of wastewater treatment by cleansing the industrial wastewater, ecological river restoration, and river ecosystem management. Its products and services include river water quality management and microbial products for water quality enhancement and pollutant cleansing purposes. The company was founded by Ding Xin Sun on January 6, 2022 and is headquartered in Yantai, China.