MDB Capital (NASDAQ:MDBH) Stock: Insider Christopher Marlett Purchases 10,000 Shares

MDB Capital Holdings, LLC (NASDAQ:MDBH) insider Christopher Marlett acquired 10,000 shares of MDB Capital stock in a transaction that occurred on Tuesday, October 13th. The shares were purchased at an average cost of $1.99 per share, with a total value of $19,900.00. Following the completion of the acquisition, the insider owned 179,933 shares of the company’s stock, valued at $358,066.67. The trade was a 5.88% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

MDB Capital Price Performance

MDBH traded up $0.12 during trading on Friday, reaching $1.87. 1,129 shares of the stock were exchanged, compared to its average volume of 4,068. The company has a market capitalization of $19.26 million, a price-to-earnings ratio of -0.86 and a beta of 1.23. MDB Capital Holdings, LLC has a 1 year low of $1.75 and a 1 year high of $4.80. The business’s 50 day moving average price is $2.65 and its two-hundred day moving average price is $3.10.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded MDB Capital from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, September 21st. One research analyst has rated the stock with a Sell rating. According to MarketBeat, the stock currently has a consensus rating of “Sell”.

MDB Capital Company Profile

MDB Capital Holdings, LLC (NASDAQ: MDBH) is a financial services company focused on supporting businesses whose value is substantially tied to intellectual property. Through its investment banking platform, the company works with innovative and technology-driven enterprises seeking to develop, protect and commercialize their intellectual property.

MDB Capital provides services that may include capital raising, mergers and acquisitions advice, strategic planning and investor communications.