MDB Capital (NASDAQ:MDBH) Stock: Insider Christopher Marlett Acquires 10,000 Shares

MDB Capital Holdings, LLC (NASDAQ:MDBH) insider Christopher Marlett bought 10,000 shares of MDB Capital stock in a transaction dated Tuesday, October 13th. The shares were bought at an average cost of $1.99 per share, for a total transaction of $19,900.00. Following the completion of the acquisition, the insider owned 179,933 shares in the company, valued at $358,066.67. This represents a 5.88% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

MDB Capital Stock Down 13.7%

Shares of NASDAQ:MDBH traded down $0.27 during midday trading on Thursday, hitting $1.70. The stock had a trading volume of 7,936 shares, compared to its average volume of 4,977. The company’s 50-day moving average price is $2.70 and its 200-day moving average price is $3.12. MDB Capital Holdings, LLC has a fifty-two week low of $1.75 and a fifty-two week high of $4.80. The company has a market capitalization of $17.51 million, a P/E ratio of -0.78 and a beta of 1.23.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded MDB Capital from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, September 21st. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

About MDB Capital

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.