DeFi Development (NASDAQ:DFDV) Insider Daniel Kang Buys 13,000 Shares

DeFi Development Corp. (NASDAQ:DFDV) insider Daniel Kang purchased 13,000 shares of the business’s stock in a transaction dated Friday, August 14th. The shares were purchased at an average price of $2.91 per share, with a total value of $37,830.00. Following the purchase, the insider directly owned 13,000 shares in the company, valued at $37,830. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

DeFi Development Trading Up 2.9%

Shares of DFDV opened at $3.16 on Tuesday. DeFi Development Corp. has a fifty-two week low of $2.44 and a fifty-two week high of $20.30. The business has a 50-day moving average of $2.93 and a 200 day moving average of $3.67. The firm has a market cap of $95.17 million, a P/E ratio of -0.32 and a beta of -3.94. 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 (NASDAQ:DFDV) last released its quarterly earnings data on Wednesday, August 12th. The company reported ($0.21) EPS for the quarter. The business had revenue of $3.31 million for the quarter. DeFi Development had a negative net margin of 1,319.45% and a positive return on equity of 17.97%.

Analyst Upgrades and Downgrades

Several research firms recently commented on DFDV. Cantor Fitzgerald cut their price objective on shares of DeFi Development from $7.00 to $4.70 and set an “overweight” rating for the company in a report on Wednesday, July 1st. Weiss Ratings reissued a “hold (c)” rating on shares of DeFi Development in a report on Friday, July 17th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $4.70.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Pantera Capital Partners LP bought a new stake in shares of DeFi Development during the third quarter valued at about $13,207,000. Alyeska Investment Group L.P. bought a new position in shares of DeFi Development in the third quarter valued at approximately $9,489,000. Polar Asset Management Partners Inc. purchased a new position in DeFi Development during the third quarter valued at approximately $6,379,000. Millennium Management LLC grew its stake in DeFi Development by 215.0% during the fourth quarter. Millennium Management LLC now owns 407,794 shares of the company’s stock valued at $2,059,000 after acquiring an additional 278,334 shares in the last quarter. Finally, BlackRock Inc. purchased a new position in DeFi Development during the second quarter valued at approximately $1,067,000. Hedge funds and other institutional investors own 0.48% of the company’s stock.

About DeFi Development

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.