Miles Christian Pelham Sells 6,908,540 Shares of Diginex (NASDAQ:DGNX) Stock

Diginex Limited (NASDAQ:DGNX) Director Miles Christian Pelham sold 6,908,540 shares of the stock in a transaction on Monday, August 17th. The shares were sold at an average price of $1.00, for a total value of $6,908,540.00. Following the completion of the sale, the director owned 731,707 shares in the company, valued at approximately $731,707. This trade represents a 90.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Miles Christian Pelham also recently made the following trade(s):

• On Monday, August 17th, Miles Christian Pelham sold 294,380 shares of Diginex stock. The shares were sold at an average price of $1.00, for a total transaction of $294,380.00.

Diginex Stock Up 4.1%

DGNX stock traded up $0.05 during trading hours on Friday, hitting $1.28. 438,837 shares of the stock were exchanged, compared to its average volume of 1,672,070. The company has a 50-day simple moving average of $1.26 and a two-hundred day simple moving average of $2.79. Diginex Limited has a 12 month low of $0.85 and a 12 month high of $318.84.

Diginex (NASDAQ:DGNX) last released its earnings results on Thursday, August 13th. The company reported ($0.48) earnings per share (EPS) for the quarter. The firm had revenue of $0.79 million during the quarter.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of DGNX. Quadrature Capital Ltd acquired a new stake in Diginex during the 4th quarter worth about $74,000. Millennium Management LLC acquired a new position in shares of Diginex during the fourth quarter worth approximately $345,000. Engineers Gate Manager LP bought a new position in shares of Diginex in the fourth quarter valued at $91,000. Jane Street Group LLC bought a new position in Diginex in the 4th quarter valued at about $253,000. Finally, Goldman Sachs Group Inc. purchased a new position in shares of Diginex during the fourth quarter valued at approximately $86,000.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on DGNX shares. Weiss Ratings lowered Diginex from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, June 2nd. Wall Street Zen downgraded Diginex from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 15th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Diginex Company Profile

Diginex Limited (NASDAQ: DGNX) is a digital asset financial services and solutions provider catering to institutional clients and professional investors. The company offers end-to-end trading, custody, banking and advisory services across a range of digital assets. Through its proprietary platform, Diginex delivers secure and compliant market access, enabling clients to trade, hold and transact cryptocurrencies and tokenized assets with institutional-grade infrastructures.

Key offerings include the EQUOS digital asset exchange, which provides spot and derivatives trading, as well as a suite of custody and settlement solutions designed to meet stringent regulatory requirements.