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 company’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $1.00, for a total transaction of $6,908,540.00. Following the completion of the sale, the director directly owned 731,707 shares in the company, valued at approximately $731,707. The trade was a 90.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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 stock was sold at an average price of $1.00, for a total value of $294,380.00.

Diginex Price Performance

Shares of DGNX stock traded up $0.05 during trading hours on Friday, hitting $1.28. 438,837 shares of the company’s stock were exchanged, compared to its average volume of 1,672,070. The stock’s 50-day moving average is $1.26 and its 200-day moving average is $2.79. Diginex Limited has a 52 week low of $0.85 and a 52 week high of $318.84.

Diginex (NASDAQ:DGNX) last announced its quarterly earnings data on Thursday, August 13th. The company reported ($0.48) EPS for the quarter. The business had revenue of $0.79 million during the quarter.

Analyst Upgrades and Downgrades

DGNX has been the topic of several research analyst reports. Weiss Ratings downgraded Diginex from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, June 2nd. Wall Street Zen lowered 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, According to MarketBeat, Diginex presently has an average rating of “Sell”.

Institutional Trading of Diginex

Several institutional investors and hedge funds have recently bought and sold shares of DGNX. NewEdge Advisors LLC bought a new position in shares of Diginex in the 3rd quarter valued at about $38,000. Bank of America Corp DE raised its holdings in shares of Diginex by 625.0% in the 3rd quarter. Bank of America Corp DE now owns 2,900 shares of the company’s stock valued at $42,000 after purchasing an additional 2,500 shares during the period. Quarry LP acquired a new stake in Diginex in the 3rd quarter valued at about $44,000. Quadrature Capital Ltd acquired a new stake in Diginex in the 4th quarter valued at about $74,000. Finally, Goldman Sachs Group Inc. bought a new position in Diginex during the fourth quarter worth about $86,000.

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.