Diginex Limited’s (NASDAQ:DGNX) Lock-Up Period Set To End on July 21st

Diginex’s (NASDAQ:DGNX) lock-up period is set to end on Monday, July 21st. Diginex had issued 2,250,000 shares in its public offering on January 22nd. The total size of the offering was $9,225,000 based on an initial share price of $4.10. After the expiration of the company’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Diginex to a “hold” rating in a report on Saturday, June 14th.

Diginex Trading Down 4.5%

Diginex stock opened at $59.24 on Wednesday. Diginex has a twelve month low of $3.60 and a twelve month high of $155.00. The firm has a 50-day moving average of $57.86.

Diginex shares are going to split on the morning of Friday, August 1st. The 8-1 split was announced on Monday, July 7th. The newly created shares will be payable to shareholders after the market closes on Thursday, July 31st.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Diginex stock. Y Intercept Hong Kong Ltd purchased a new position in shares of Diginex Limited (NASDAQ:DGNX) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 6,447 shares of the company’s stock, valued at approximately $572,000.

Diginex Company Profile

DSL is the wholly owned subsidiary of Diginex Limited. Accordingly, Diginex Limited owns 100% of DSL and all of DSL’s business lines and subsidiaries. DSL is an impact technology business that helps organizations to address the some of the most pressing Environmental, Social and Governance (“ESG”), climate and sustainability issues, utilizing blockchain, machine learning and data analysis technology to lead change and increase transparency in corporate social responsibility and climate action.