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Destiny Tech100 CEO Sells 295,000 Shares at $34.14 per Share.
ByAinvest
Friday, Jul 18, 2025 4:36 pm ET1min read
Destiny Tech100 Inc.[DXYZ] has disclosed that Prasad Sohail, Director, 10% Owner, President and CEO, has executed two transactions on July 16, 2025. Firstly, he sold 29,500 shares at a price of $34.14 per share. Secondly, he sold 380,000 shares at the same price.
Destiny Tech100 Inc. [DXYZ], a closed-end fund focused on private tech ventures, experienced significant shareholder activity on July 16, 2025. Prasad Sohail, the Director, 10% Owner, and President and CEO of Destiny Tech100 Inc., executed two substantial transactions. Firstly, he sold 29,500 shares at a price of $34.14 per share. Secondly, he sold an additional 380,000 shares at the same price [2].The share sales come amidst a period of volatility for the stock. On July 16, 2025, Destiny Tech100 Inc. experienced a significant drop of 22.84% in pre-market trading, reflecting a sharp decline in investor sentiment towards the stock [3]. The stock price fell from $34.45 to $33.41 on the last trading day, July 17, 2025, marking a 3.02% decrease [1]. The stock has been in a downward trend, with a 10.12% decline over the last 10 days.
The recent transactions by Sohail may signal a change in the company's outlook or investor sentiment. The stock is currently trading at $33.41, down from its peak of $35.20 on July 17, 2025. Analysts expect the stock to rise by 2.03% over the next three months, with a 90% probability of holding a price between $30.31 and $49.42 [1].
Investors should closely monitor the developments surrounding Destiny Tech100 Inc. and the impact of the recent share sales on the stock's performance. The company's regulatory approval from the SEC, which was announced on July 16, 2025, could potentially influence investor confidence and the stock's future trajectory [3].
References:
[1] https://stockinvest.us/stock/DXYZ
[2] https://www.sec.gov/Archives/edgar/data/1843974/000157587225000471/xslF345X03/ownership.xml
[3] https://www.ainvest.com/news/destiny-tech100-plunges-22-84-sec-notice-2507/
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