MDB Capital (NASDAQ:MDBH) CFO Sells $19,900.00 in Stock

MDB Capital Holdings, LLC (NASDAQ:MDBH) CFO Jeremy William James sold 10,000 shares of the stock in a transaction on Tuesday, October 13th. The shares were sold at an average price of $1.99, for a total value of $19,900.00. Following the completion of the transaction, the chief financial officer owned 29,839 shares of the company’s stock, valued at $59,379.61. This trade represents a 25.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

MDB Capital Price Performance

MDB Capital stock opened at $1.87 on Friday. The firm’s 50 day simple moving average is $2.65 and its 200-day simple moving average is $3.10. The company has a market cap of $19.26 million, a P/E ratio of -0.86 and a beta of 1.23. MDB Capital Holdings, LLC has a fifty-two week low of $1.75 and a fifty-two week high of $4.80.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered MDB Capital from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, September 21st. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

MDB Capital Company Profile

MDB Capital Holdings, LLC (NASDAQ: MDBH) is a financial services company focused on supporting businesses whose value is substantially tied to intellectual property. Through its investment banking platform, the company works with innovative and technology-driven enterprises seeking to develop, protect and commercialize their intellectual property.

MDB Capital provides services that may include capital raising, mergers and acquisitions advice, strategic planning and investor communications.