Destiny Tech100 (NYSE:DXYZ) CEO Purchases 33,000 Shares

Destiny Tech100 Inc. (NYSE:DXYZ) CEO Sohail Prasad acquired 33,000 shares of the business’s stock in a transaction on Tuesday, September 1st. The stock was acquired at an average price of $31.40 per share, with a total value of $1,036,200.00. Following the acquisition, the chief executive officer owned 41,000 shares in the company, valued at $1,287,400. The trade was a 412.50% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Sohail Prasad also recently made the following trade(s):

• On Thursday, September 3rd, Sohail Prasad acquired 9,760 shares of Destiny Tech100 stock. The shares were bought at an average cost of $32.14 per share, for a total transaction of $313,686.40.
• On Wednesday, September 2nd, Sohail Prasad acquired 13,240 shares of Destiny Tech100 stock. The stock was purchased at an average cost of $31.53 per share, with a total value of $417,457.20.

Destiny Tech100 Stock Performance

Shares of Destiny Tech100 stock traded up $0.84 during mid-day trading on Tuesday, hitting $33.54. The stock had a trading volume of 1,077,093 shares, compared to its average volume of 2,470,150. The firm has a 50-day moving average of $28.11 and a two-hundred day moving average of $32.15. Destiny Tech100 Inc. has a 12-month low of $19.71 and a 12-month high of $72.87.

Institutional Trading of Destiny Tech100

Several hedge funds have recently added to or reduced their stakes in the company. Cetera Investment Advisers grew its stake in shares of Destiny Tech100 by 403.9% during the first quarter. Cetera Investment Advisers now owns 167,973 shares of the company’s stock worth $4,498,000 after purchasing an additional 134,638 shares in the last quarter. Virtu Financial LLC acquired a new stake in Destiny Tech100 in the fourth quarter valued at $743,000. Kestra Advisory Services LLC lifted its holdings in Destiny Tech100 by 157.8% during the 1st quarter. Kestra Advisory Services LLC now owns 140,185 shares of the company’s stock worth $3,754,000 after buying an additional 85,803 shares during the last quarter. FirstWave Capital Management LLC purchased a new stake in Destiny Tech100 during the 2nd quarter worth about $1,729,000. Finally, Kestra Private Wealth Services LLC acquired a new position in shares of Destiny Tech100 during the 1st quarter worth about $645,000.

Destiny Tech100 is an investment company that focuses on providing exposure to a portfolio of high-growth technology businesses. The company’s strategy is centered on identifying innovative private and public technology-related companies that it believes have significant long-term potential.

As a specialty investment vehicle, Destiny Tech100 is designed for investors seeking access to the technology sector through a diversified approach rather than through a single operating business.