Drilling Tools International (NASDAQ:DTI) Stock: Insider Robert Wayne Prejean Buys 100,000 Shares

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

Drilling Tools International Trading Down 6.3%

DTI traded down $0.10 on Tuesday, reaching $1.48. 77,822 shares of the company traded hands, compared to its average volume of 297,686. The company has a market cap of $52.21 million, a P/E ratio of -11.38, a price-to-earnings-growth ratio of 4.17 and a beta of -0.56. The company has a quick ratio of 1.58, a current ratio of 2.18 and a debt-to-equity ratio of 0.40. Drilling Tools International Corp. has a one year low of $1.35 and a one year high of $4.69. The firm has a fifty day simple moving average of $2.13 and a two-hundred day simple moving average of $2.81.

Drilling Tools International (NASDAQ:DTI) last posted its quarterly earnings results on Thursday, November 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.05). The firm had revenue of $40.65 million for the quarter, compared to the consensus estimate of $40.87 million. Drilling Tools International had a positive return on equity of 0.58% and a negative net margin of 1.97%. As a group, equities research analysts expect that Drilling Tools International Corp. will post 0.04 earnings per share for the current year.

More 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 Upgrades and Downgrades

A number of research firms have weighed in on DTI. Zacks Research lowered Drilling Tools International from a “strong-buy” rating to a “hold” rating in a report on Friday, October 9th. Jefferies Financial Group reiterated a “hold” rating and issued a $2.80 price target on shares of Drilling Tools International in a report on Sunday, August 9th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Drilling Tools International in a research note on Monday, October 26th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $2.80.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of DTI. Squarepoint Ops LLC acquired a new stake in Drilling Tools International in the second quarter valued at approximately $34,000. OMERS ADMINISTRATION Corp acquired a new position in shares of Drilling Tools International during the first quarter worth $80,000. Bfsg LLC increased its position in shares of Drilling Tools International by 45.1% during the third quarter. Bfsg LLC now owns 21,265 shares of the company’s stock worth $49,000 after purchasing an additional 6,610 shares in the last quarter. Engineers Gate Manager LP lifted its holdings in shares of Drilling Tools International by 129.2% during the 2nd 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 during the last quarter. Finally, AXQ Capital LP lifted its holdings in shares of Drilling Tools International by 93.5% during the 2nd quarter. AXQ Capital LP now owns 48,048 shares of the company’s stock valued at $93,000 after purchasing an additional 23,213 shares during the last quarter. Institutional investors own 2.79% of the company’s stock.

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.