Datavault AI Inc. (NASDAQ:DVLT – Get Free Report)’s stock price was up 4.2% during trading on Wednesday . The stock traded as high as $0.4240 and last traded at $0.4025. 19,547,726 shares traded hands during mid-day trading, a decline of 65% from the average session volume of 56,065,305 shares. The stock had previously closed at $0.3864.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on DVLT. Maxim Group cut their price target on shares of Datavault AI from $4.00 to $3.00 and set a “buy” rating for the company in a report on Monday, March 30th. Weiss Ratings reissued a “sell (e+)” rating on shares of Datavault AI in a research note on Friday, April 24th. Finally, Wall Street Zen downgraded shares of Datavault AI from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $3.00.
Read Our Latest Report on DVLT
Datavault AI Stock Performance
Datavault AI (NASDAQ:DVLT – Get Free Report) last released its earnings results on Wednesday, March 18th. The company reported $0.53 earnings per share (EPS) for the quarter. The firm had revenue of $33.82 million for the quarter. Datavault AI had a negative return on equity of 64.71% and a negative net margin of 292.68%.
Insider Buying and Selling at Datavault AI
In other news, insider Stanley Mbugua sold 62,982 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $0.41, for a total value of $25,822.62. Following the sale, the insider directly owned 2,052,846 shares in the company, valued at approximately $841,666.86. This trade represents a 2.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 7.70% of the company’s stock.
Hedge Funds Weigh In On Datavault AI
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp boosted its position in Datavault AI by 78.3% in the first quarter. Bank of New York Mellon Corp now owns 44,580 shares of the company’s stock valued at $28,000 after buying an additional 19,578 shares in the last quarter. Stonebridge Capital Advisors LLC increased its holdings in shares of Datavault AI by 175.0% during the fourth quarter. Stonebridge Capital Advisors LLC now owns 55,000 shares of the company’s stock worth $36,000 after buying an additional 35,000 shares in the last quarter. OMERS ADMINISTRATION Corp bought a new position in shares of Datavault AI in the 4th quarter valued at $42,000. Prelude Capital Management LLC acquired a new stake in shares of Datavault AI during the 3rd quarter valued at $43,000. Finally, State of Wyoming acquired a new stake in shares of Datavault AI during the 1st quarter valued at $43,000. Institutional investors own 0.66% of the company’s stock.
About Datavault AI
Datavault AI Inc, a data sciences technology company, owns and operates data management and supercomputer platforms. It offers data technology and software solutions. The company was formerly known as WiSA Technologies, Inc and changed its name to Datavault AI Inc in February 2025. Datavault AI Inc was incorporated in 2010 and is headquartered in Beaverton, Oregon.
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