DarkIris (NASDAQ:DKI) CEO Zhifang Hong Acquires 1,428,571 Shares

DarkIris Inc. (NASDAQ:DKI) CEO Zhifang Hong purchased 1,428,571 shares of the stock in a transaction that occurred on Friday, April 24th. The stock was acquired at an average cost of $0.35 per share, with a total value of $499,999.85. Following the completion of the acquisition, the chief executive officer directly owned 6,878,171 shares of the company’s stock, valued at $2,407,359.85. This represents a 26.21% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

DarkIris Stock Down 8.1%

Shares of DKI opened at $0.48 on Wednesday. The stock has a 50 day moving average price of $0.43 and a 200 day moving average price of $0.46. DarkIris Inc. has a 52-week low of $0.28 and a 52-week high of $15.00.

DarkIris (NASDAQ:DKI) last issued its quarterly earnings data on Friday, January 30th. The company reported ($0.28) earnings per share for the quarter. The business had revenue of $2.44 million during the quarter.

Institutional Trading of DarkIris

An institutional investor recently bought a new position in DarkIris stock. Scientech Research LLC acquired a new stake in DarkIris Inc. (NASDAQ:DKI) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 33,991 shares of the company’s stock, valued at approximately $44,000. Scientech Research LLC owned approximately 0.19% of DarkIris as of its most recent SEC filing.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e-)” rating on shares of DarkIris in a report on Thursday, January 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

DarkIris Company Profile

DarkIris Inc is a holding company incorporated as an exempted company on May 31, 2024 under the laws of the Cayman Islands. We operate substantially all of our business through our subsidiaries in Hong Kong, namely Quantum Arts Co, Limited (“Quantum”) and Hongkong Stellar Wisdom Co, Limited (“Stellar”). Operated in Hong Kong, we are a comprehensive technology enterprise engaged in the development, publishing and operating of mobile digital games via various third-party digital storefronts. Our activities encompass including game design, programming and graphics, as well as distribution and operation of mobile games on various platforms.