Drilling Tools International (NASDAQ:DTI) CEO Robert Wayne Prejean Purchases 100,000 Shares of Company Stock

Drilling Tools International Corp. (NASDAQ:DTI) CEO Robert Wayne Prejean acquired 100,000 shares of the company’s stock in a transaction on Monday, November 9th. The shares were purchased at an average cost of $1.64 per share, with a total value of $164,000.00. Following the completion of the acquisition, the chief executive officer directly owned 591,076 shares in the company, valued at approximately $969,364.64. The trade was a 20.36% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Drilling Tools International Stock Performance

Drilling Tools International stock opened at $1.48 on Wednesday. The company has a current ratio of 2.08, a quick ratio of 1.58 and a debt-to-equity ratio of 0.37. Drilling Tools International Corp. has a 1 year low of $1.35 and a 1 year high of $4.69. The company has a market cap of $52.21 million, a PE ratio of -11.38, a PEG ratio of 4.39 and a beta of -0.56. The company’s 50-day moving average is $2.11 and its two-hundred day moving average is $2.80.

Drilling Tools International (NASDAQ:DTI) last issued its quarterly earnings results on Thursday, November 5th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.05). The business had revenue of $40.65 million for the quarter, compared to analyst estimates of $40.87 million. Drilling Tools International had a negative return on equity of 0.40% and a negative net margin of 3.06%. Equities analysts anticipate that Drilling Tools International Corp. will post 0.04 earnings per share for the current year.

Key Drilling Tools International News

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.

Analyst Ratings Changes

DTI has been the subject of a number of analyst reports. Jefferies Financial Group reaffirmed a “hold” rating and set a $2.80 target price on shares of Drilling Tools International in a report on Sunday, August 9th. Zacks Research downgraded Drilling Tools International from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 9th. Finally, Weiss Ratings restated 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 issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $2.80.

Institutional Trading of Drilling Tools International

A number of hedge funds have recently modified their holdings of the company. Squarepoint Ops LLC bought a new position in Drilling Tools International during the 2nd quarter worth approximately $34,000. OMERS ADMINISTRATION Corp bought a new stake in Drilling Tools International in the first quarter valued at approximately $80,000. Bfsg LLC increased its stake in Drilling Tools International by 45.1% in the third quarter. Bfsg LLC now owns 21,265 shares of the company’s stock valued at $49,000 after purchasing an additional 6,610 shares in the last quarter. Engineers Gate Manager LP increased its stake in Drilling Tools International by 129.2% in the second quarter. Engineers Gate Manager LP now owns 37,825 shares of the company’s stock valued at $73,000 after purchasing an additional 21,319 shares in the last quarter. Finally, AXQ Capital LP raised its holdings in Drilling Tools International by 93.5% in the second quarter. AXQ Capital LP now owns 48,048 shares of the company’s stock worth $93,000 after purchasing an additional 23,213 shares during the period. 2.79% of the stock is currently owned by institutional investors and hedge funds.

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.