Decent (NASDAQ:DXST) Major Shareholder Financial Lp Hrt Purchases 65,073 Shares

Decent Holding Inc. (NASDAQ:DXST) major shareholder Financial Lp Hrt acquired 65,073 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were acquired at an average cost of $4.71 per share, for a total transaction of $306,493.83. Following the purchase, the insider directly owned 188,392 shares in the company, valued at $887,326.32. This trade represents a 52.77% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

• On Thursday, June 4th, Financial Lp Hrt sold 128,698 shares of Decent stock. The stock was sold at an average price of $5.36, for a total value of $689,821.28.

Decent Stock Performance

Decent stock traded up $0.77 during mid-day trading on Friday, hitting $4.14. 822,160 shares of the company’s stock were exchanged, compared to its average volume of 2,022,677. Decent Holding Inc. has a fifty-two week low of $1.50 and a fifty-two week high of $62.00. The company’s 50 day simple moving average is $2.47 and its 200-day simple moving average is $18.00.

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

Analyst Upgrades and Downgrades

DXST has been the topic of several recent research reports. Wall Street Zen raised Decent from a “sell” rating to a “hold” rating in a research note on Saturday, April 11th. Weiss Ratings reissued a “sell (d)” rating on shares of Decent in a research note on Friday, May 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Institutional Trading of Decent

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

Decent Company Profile

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.