Dave Inc. Appoints Parker Barrile as Chief Product Officer

Dave Inc. appointed Parker Barrile as Chief Product Officer, effective November 10, to drive product innovation and growth.

Quiver AI Summary

Dave Inc., a prominent neobank, has appointed Parker Barrile as its new Chief Product Officer, effective November 10, 2025. Barrile comes with substantial experience from his previous roles at Prosper and LinkedIn, as well as a history with Dave as a partner at Norwest, where he was involved in the company's Series B fundraising and served on its Board of Directors. In his new role, Barrile will oversee product, design, and operations, focusing on expanding Dave's financial product offerings and enhancing AI and credit capabilities. CEO Jason Wilk expressed confidence in Barrile’s ability to drive innovation and value for Dave’s members, while Barrile emphasized his commitment to supporting the company's mission of providing equitable financial products for Americans.

Potential Positives

Parker Barrile's appointment as Chief Product Officer brings significant executive-level product leadership experience from established companies like Prosper and LinkedIn, which is expected to enhance Dave's product development and strategic initiatives.
As a former investor and board member, Parker's deep familiarity with Dave positions him to effectively drive the company's growth and innovation in financial products and services.
Parker's leadership is expected to strengthen Dave's AI and credit capabilities, potentially leading to increased growth and profitability for the company.
CEO Jason Wilk's endorsement of Parker highlights the confidence in his ability to enhance the value delivered to customers, which could positively impact customer retention and acquisition.

Potential Negatives

Appointment of a new Chief Product Officer may indicate previous leadership shortcomings in product strategy and execution.
Hiring someone who has previously served on the Board may raise concerns about lack of new perspectives in the company's leadership.

FAQ

Who is the new Chief Product Officer of Dave?

Parker Barrile has been appointed as the Chief Product Officer of Dave, effective November 10, 2025.

What experience does Parker Barrile bring to Dave?

Parker has executive-level experience from Prosper and LinkedIn, along with a background in investment from Norwest.

What will Parker Barrile's role include at Dave?

Parker will lead Dave’s product, design, and operations teams, focusing on expanding financial products and enhancing AI capabilities.

How does Parker Barrile view Dave’s mission?

Parker believes in Dave’s mission to create financial products that level the playing field for everyday Americans.

Where can I find more information about Dave Inc.?

More information about Dave can be found on their website at www.dave.com and their investor portal at investors.dave.com.

Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.

$DAVE Insider Trading Activity

$DAVE insiders have traded $DAVE stock on the open market 204 times in the past 6 months. Of those trades, 0 have been purchases and 204 have been sales.

Here’s a breakdown of recent trading of $DAVE stock by insiders over the last 6 months:

JASON WILK (Chief Executive Officer) has made 0 purchases and 30 sales selling 287,738 shares for an estimated $62,665,079.
IMRAN KHAN has made 0 purchases and 112 sales selling 200,000 shares for an estimated $42,996,223.
KYLE BEILMAN (CFO and COO and Secretary) has made 0 purchases and 24 sales selling 108,943 shares for an estimated $24,271,389.
YADIN ROZOV has made 0 purchases and 16 sales selling 24,886 shares for an estimated $5,141,284.
MICHAEL W POPE has made 0 purchases and 16 sales selling 16,793 shares for an estimated $3,613,457.
ANDREA MITCHELL has made 0 purchases and 5 sales selling 2,361 shares for an estimated $543,263.
DAN PRESTON sold 2,361 shares for an estimated $491,017

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$DAVE Hedge Fund Activity

We have seen 180 institutional investors add shares of $DAVE stock to their portfolio, and 91 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

DIVISADERO STREET CAPITAL MANAGEMENT, LP removed 460,551 shares (-46.3%) from their portfolio in Q2 2025, for an estimated $123,616,493
D. E. SHAW & CO., INC. added 420,653 shares (+491.1%) to their portfolio in Q2 2025, for an estimated $112,907,471
NVP ASSOCIATES, LLC removed 350,000 shares (-60.1%) from their portfolio in Q2 2025, for an estimated $93,943,500
TWO SIGMA ADVISERS, LP added 236,073 shares (+2089.1%) to their portfolio in Q2 2025, for an estimated $63,364,353
TWO SIGMA INVESTMENTS, LP added 191,842 shares (+1372.4%) to their portfolio in Q2 2025, for an estimated $51,492,311
COOPER CREEK PARTNERS MANAGEMENT LLC removed 190,077 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $51,018,567
G2 INVESTMENT PARTNERS MANAGEMENT LLC removed 149,816 shares (-56.2%) from their portfolio in Q2 2025, for an estimated $40,212,112

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

$DAVE Analyst Ratings

Wall Street analysts have issued reports on $DAVE in the last several months. We have seen 6 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Benchmark issued a "Buy" rating on 10/01/2025
JMP Securities issued a "Market Outperform" rating on 09/26/2025
Barrington Research issued a "Outperform" rating on 08/04/2025
B. Riley Securities issued a "Buy" rating on 07/29/2025
Lake Street issued a "Buy" rating on 05/09/2025
Canaccord Genuity issued a "Buy" rating on 05/09/2025

To track analyst ratings and price targets for $DAVE, check out Quiver Quantitative's $DAVE forecast page.

$DAVE Price Targets

Multiple analysts have issued price targets for $DAVE recently. We have seen 6 analysts offer price targets for $DAVE in the last 6 months, with a median target of $283.5.

Here are some recent targets:

Mark Palmer from Benchmark set a target price of $320.0 on 10/01/2025
Devin Ryan from JMP Securities set a target price of $300.0 on 09/26/2025
Gary Prestopino from Barrington Research set a target price of $290.0 on 08/18/2025
Joseph Vafi from Canaccord Genuity set a target price of $229.0 on 08/08/2025
Hal Goetsch from B. Riley Securities set a target price of $277.0 on 07/29/2025
Jacob Stephan from Lake Street set a target price of $177.0 on 05/09/2025

Full Release

Los Angeles, Oct. 29, 2025 (GLOBE NEWSWIRE) -- Dave Inc. (“Dave” or the “Company”) (Nasdaq: DAVE), one of the nation’s leading neobanks, today announced the appointment of Parker Barrile as Chief Product Officer, effective November 10.

Parker brings executive-level product leadership experience from Prosper and LinkedIn in building and scaling consumer and financial technology businesses. He also brings an investor mindset, having spent the last nine years as a partner at Norwest, where he led Dave’s Series B fundraise and served on the Company’s Board of Directors. Parker will report directly to Dave’s founder and CEO, Jason Wilk.

As Chief Product Officer, Parker will lead Dave’s product, design and operations teams as the Company advances its strategic roadmap. This includes broadening Dave’s suite of financial products and strengthening its AI and credit capabilities to drive future growth and profitability.

“Parker has been part of Dave’s journey for years as an investor, Board member and trusted advisor,” said Jason Wilk, CEO of Dave. “His track record of scaling and investing in category-defining consumer and financial products makes him uniquely suited to help us continue enhancing the value we deliver to millions of members. We have an exciting product roadmap and I’m thrilled Parker is joining the leadership team to help execute the next chapter of Dave’s growth.”

“I’ve long believed in Dave’s mission to build products that level the financial playing field for everyday Americans,” said Parker Barrile. “It’s an honor to join Jason and the team to help accelerate innovation, expand our product offerings and continue delivering on the company’s mission at scale.”

About Dave

Dave (Nasdaq: DAVE) is a leading U.S. neobank and fintech pioneer serving millions of everyday Americans. Dave uses disruptive technologies to provide best-in-class banking services at a fraction of the price of incumbents. For more information about the Company, visit: www.dave.com . For investor information and updates, visit: investors.dave.com and follow @ davebanking on X.