Drilling Tools International (NASDAQ:DTI) Stock: Insider David Richard Johnson Acquires 30,350 Shares

Drilling Tools International Corp. (NASDAQ:DTI) CFO David Richard Johnson acquired 30,350 shares of the company’s stock in a transaction dated Monday, November 9th. The stock was acquired at an average cost of $1.65 per share, with a total value of $50,077.50. Following the purchase, the chief financial officer owned 97,780 shares of the company’s stock, valued at approximately $161,337. This trade represents a 45.01% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.

Drilling Tools International Price Performance

Shares of NASDAQ:DTI traded down $0.10 during trading on Tuesday, hitting $1.48. 77,822 shares of the company’s stock were exchanged, compared to its average volume of 297,686. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.18 and a quick ratio of 1.58. Drilling Tools International Corp. has a 52-week low of $1.35 and a 52-week high of $4.69. The business’s 50-day simple moving average is $2.13 and its 200 day simple moving average is $2.81. The company has a market cap of $52.21 million, a price-to-earnings ratio of -11.38, a PEG ratio of 4.17 and a beta of -0.56.

Drilling Tools International (NASDAQ:DTI) last released its quarterly earnings data on Thursday, November 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.05). The company had revenue of $40.65 million for the quarter, compared to the consensus estimate of $40.87 million. Drilling Tools International had a negative net margin of 1.97% and a positive return on equity of 0.58%. As a group, equities analysts predict that Drilling Tools International Corp. will post 0.04 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on DTI shares. Jefferies Financial Group reiterated a “hold” rating and issued a $2.80 price target on shares of Drilling Tools International in a research report on Sunday, August 9th. Zacks Research downgraded shares of Drilling Tools International from a “strong-buy” rating to a “hold” rating in a report on Friday, October 9th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Drilling Tools International in a research report on Monday, October 26th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Drilling Tools International currently has an average rating of “Reduce” and an average target price of $2.80.

Hedge Funds Weigh In On Drilling Tools International

A number of large investors have recently bought and sold shares of the business. Bfsg LLC grew its position in Drilling Tools International by 45.1% in the 3rd quarter. Bfsg LLC now owns 21,265 shares of the company’s stock valued at $49,000 after acquiring an additional 6,610 shares during the last quarter. Squarepoint Ops LLC bought a new stake in shares of Drilling Tools International during the second quarter worth $34,000. OMERS ADMINISTRATION Corp bought a new stake in shares of Drilling Tools International during the first quarter worth $80,000. Engineers Gate Manager LP lifted its position in shares of Drilling Tools International by 129.2% during the second quarter. Engineers Gate Manager LP now owns 37,825 shares of the company’s stock worth $73,000 after purchasing an additional 21,319 shares during the last quarter. Finally, AXQ Capital LP boosted its stake in shares of Drilling Tools International by 93.5% during the second quarter. AXQ Capital LP now owns 48,048 shares of the company’s stock valued at $93,000 after purchasing an additional 23,213 shares during the period. Hedge funds and other institutional investors own 2.79% of the company’s stock.

Trending Headlines about Drilling Tools International

Here are the key news stories impacting Drilling Tools International this week:

• Positive Sentiment: Three insiders bought a combined 155,350 shares for about $255,000. CEO Robert Prejean purchased 100,000 shares, while the CFO and a director also increased their holdings—an encouraging signal of confidence from company leadership. CEO SEC filing CFO SEC filing Director SEC filing
• Neutral Sentiment: A report listed short interest at zero shares, so it indicates no measurable short position in the figures provided, rather than a notable short squeeze setup.
• Negative Sentiment: DTI’s third-quarter adjusted results missed estimates as higher costs offset stronger sales. Increased capital spending is also weighing on the company’s 2026 free-cash-flow outlook. Zacks earnings article
• Negative Sentiment: Sidoti cut several earnings forecasts, including FY2027 EPS to $0.13 from $0.16 and Q4 2026 EPS to $0.03 from $0.06. The reductions reinforce concerns about near-term profitability.

About Drilling Tools International

Drilling Tools International Corporation (NASDAQ: DTI) provides rental tools and related services to the oil and gas drilling industry. The company supplies downhole equipment used in drilling, completion and production operations, serving exploration and production companies, drilling contractors and oilfield service providers. Its product offering includes drill pipe, drill collars, heavy-weight drill pipe, stabilizers, subs, mud motors, drilling jars and other specialized downhole tools. Drilling Tools International also provides equipment inspection, maintenance, repair, refurbishment and machining services intended to support the safe and efficient use of drilling equipment.