DeFi Development (NASDAQ:DFDV) Insider Daniel Kang Purchases 11,000 Shares of Stock

DeFi Development Corp. (NASDAQ:DFDV) insider Daniel Kang purchased 11,000 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were acquired at an average price of $3.88 per share, for a total transaction of $42,680.00. Following the completion of the transaction, the insider directly owned 18,181 shares of the company’s stock, valued at $70,542.28. The trade was a 153.18% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Daniel Kang also recently made the following trade(s):

• On Friday, August 14th, Daniel Kang acquired 13,000 shares of DeFi Development stock. The shares were acquired at an average cost of $2.91 per share, with a total value of $37,830.00.

DeFi Development Price Performance

Shares of DeFi Development stock traded up $0.17 on Friday, hitting $3.94. 2,015,190 shares of the company were exchanged, compared to its average volume of 1,104,399. The stock has a market capitalization of $122.13 million, a price-to-earnings ratio of -0.39 and a beta of -3.94. The company has a 50-day moving average price of $2.97 and a 200 day moving average price of $3.63. DeFi Development Corp. has a 1-year low of $2.44 and a 1-year high of $20.30. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 12.53.

DeFi Development (NASDAQ:DFDV) last posted its quarterly earnings results on Wednesday, August 12th. The company reported ($0.21) EPS for the quarter. The company had revenue of $3.31 million during the quarter. DeFi Development had a negative net margin of 1,319.45% and a positive return on equity of 17.97%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of DeFi Development in a research report on Friday, July 17th. Cantor Fitzgerald cut their price target 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. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $4.70.

Hedge Funds Weigh In On DeFi Development

Institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC purchased a new stake in DeFi Development during the fourth quarter worth about $32,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of DeFi Development in the fourth quarter valued at approximately $47,000. Sanctuary Advisors LLC acquired a new position in shares of DeFi Development in the fourth quarter valued at approximately $54,000. Squarepoint Ops LLC purchased a new stake in DeFi Development during the 4th quarter worth approximately $57,000. Finally, BlueChip Wealth Advisors LLC acquired a new stake in DeFi Development during the 1st quarter worth approximately $58,000. 0.48% of the stock is owned by institutional investors and hedge funds.

DeFi Development Company Profile

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.