Drilling Tools International (NASDAQ:DTI) CFO David Richard Johnson Acquires 30,350 Shares of Company Stock

Drilling Tools International Corp. (NASDAQ:DTI) CFO David Richard Johnson purchased 30,350 shares of the company’s stock in a transaction that occurred on Monday, November 9th. The stock was bought at an average cost of $1.65 per share, with a total value of $50,077.50. Following the purchase, the chief financial officer owned 97,780 shares of the company’s stock, valued at $161,337. This represents a 45.01% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Drilling Tools International Trading Down 6.3%

Shares of Drilling Tools International stock opened at $1.48 on Wednesday. The company has a market capitalization of $52.21 million, a price-to-earnings ratio of -11.38, a PEG ratio of 4.39 and a beta of -0.56. The company has a quick ratio of 1.58, a current ratio of 2.08 and a debt-to-equity ratio of 0.37. Drilling Tools International Corp. has a 12-month low of $1.35 and a 12-month high of $4.69. The firm’s 50-day moving average price is $2.11 and its two-hundred day moving average price is $2.80.

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 the consensus estimate of $0.04 by ($0.05). The firm had revenue of $40.65 million for the quarter, compared to analyst estimates of $40.87 million. Drilling Tools International had a negative return on equity of 0.40% and a negative net margin of 3.06%. On average, analysts forecast that Drilling Tools International Corp. will post 0.04 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of Drilling Tools International in a research note on Monday, October 26th. Jefferies Financial Group reiterated a “hold” rating and issued a $2.80 target price on shares of Drilling Tools International in a research report on Sunday, August 9th. Finally, Zacks Research cut shares of Drilling Tools International from a “strong-buy” rating to a “hold” rating in a report on Friday, October 9th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $2.80.

Hedge Funds Weigh In On Drilling Tools International

A number of institutional investors and hedge funds have recently bought and sold shares of DTI. Private Management Group Inc. bought a new position in Drilling Tools International in the second quarter valued at about $3,361,000. Walleye Capital LLC bought a new stake in shares of Drilling Tools International during the first quarter worth about $1,243,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of Drilling Tools International during the first quarter worth about $954,000. BlackRock Inc. acquired a new position in shares of Drilling Tools International in the second quarter valued at approximately $254,000. Finally, Engineers Gate Manager LP increased its stake in shares of Drilling Tools International by 129.2% in the second quarter. Engineers Gate Manager LP now owns 37,825 shares of the company’s stock valued at $73,000 after buying an additional 21,319 shares during the period. Institutional investors and hedge funds own 2.79% of the company’s stock.

Key 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.

Drilling Tools International Company Profile

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.