Jagtar Narula sells 5,863 shares of 3D Systems Co. (NYSE: DDD)

3D Systems Co. (NYSE:DDD- Get a rating) CFO Jagtar Narula sold 5,863 shares of the company in a transaction dated Monday, March 21. The shares were sold at an average price of $16.13, for a total value of $94,570.19. The sale was disclosed in a legal filing with the SEC, accessible via this hyperlink.

Jagtar Narula also recently completed the following trade(s):

  • On Friday, January 21, Jagtar Narula sold 5,863 shares of 3D Systems. The stock was sold at an average price of $17.99, for a total value of $105,475.37.

NYSE: DDD rose $0.27 during midday trading on Tuesday, hitting $16.18. 1,454,544 shares of the company were traded, against an average volume of 2,016,689. The company has a market capitalization of $2.08 billion, a PE ratio of 6.42 and a beta of 1.24. The company has a debt ratio of 0.53, a current ratio of 5.80 and a quick ratio of 5.27. 3D Systems Co. has a one-year low of $13.33 and a one-year high of $41.48. The company has a fifty-day moving average price of $17.14 and a 200-day moving average price of $22.74.

3D systems (NYSE: DDD – Get a rating) last released its quarterly results on Monday, February 28. The 3D printing company reported ($0.02) EPS for the quarter, missing analyst consensus estimates of ($0.01) by ($0.01). 3D Systems had a negative return on equity of 0.56% and a net margin of 52.31%. The company posted revenue of $150.90 million in the quarter, versus a consensus estimate of $143.93 million. During the same period of the previous year, the company made earnings per share of $0.05. The company’s revenue for the quarter was down 12.6% from the same quarter last year. On average, stock analysts expect 3D Systems Co. to post -0.19 EPS for the current fiscal year.

(A d)

Nevada may be known as the “Silver State,” but it’s also North America’s lithium hotspot. With China controlling 80% of the world’s lithium supply, the defense industry and electric vehicle manufacturers are scrambling to find more domestic sources of the precious metal.

Several hedge funds and other institutional investors have recently increased or reduced their stake in DDD. Norges Bank bought a new stock position in 3D Systems in Q4 for a value of approximately $19,997,000. BlackRock Inc. increased its stake in 3D Systems by 3.0% during the 4th quarter. BlackRock Inc. now owns 19,795,446 shares of the 3D printing company valued at $426,392,000 after buying an additional 583,388 shares last quarter. Vident Investment Advisory LLC increased its stake in 3D Systems by 50.1% in the fourth quarter. Vident Investment Advisory LLC now owns 1,098,475 shares of the 3D printing company worth $23,661,000 after buying 366,438 additional shares in the last quarter. Wells Fargo & Company MN increased its stake in 3D Systems stock by 50.2% in the fourth quarter. Wells Fargo & Company MN now owns 183,276 shares of the 3D printing company worth $3,948,000 after buying an additional 61,236 shares last quarter. Finally, Virtu Financial LLC increased its holdings of 3D Systems stock by 36.2% during the fourth quarter. Virtu Financial LLC now owns 19,045 shares of the 3D printing company valued at $410,000 after buying an additional 5,063 shares in the last quarter. 70.07% of the shares are currently held by hedge funds and other institutional investors.

A number of analysts have recently commented on DDD stocks. StockNews.com downgraded 3D Systems from a “hold” rating to a “sell” rating in a Thursday, March 3, research note. Zacks Investment Research cut 3D Systems shares from a “hold” rating to a “strong sell” rating and set a target price of $19.00 for the company. in a research report on Tuesday, January 4. Bank of America raised its price target on 3D Systems stock from $22.00 to $23.00 and gave the company an “underperforming” rating in a Tuesday, March 1 research report. JPMorgan Chase & Co. lowered its price target on 3D Systems stock from $22.00 to $18.00 and set an “underweight” rating for the company in a Tuesday, March 1 report. Finally, B. Riley cut his price target on 3D Systems from $24.00 to $22.00 and set a “neutral” rating on the stock in a Tuesday, March 1 report. Four equity research analysts gave the stock a sell rating, four gave the company a hold rating and one gave the company a buy rating. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $23.14.

About 3D Systems (Get a rating)

3D Systems Corporation, through its subsidiaries, provides 3D printing and digital manufacturing solutions in the Americas, Europe, the Middle East, Africa and Asia-Pacific. The company offers 3D printers, such as stereolithography, selective laser sintering, direct-to-metal printing, multi-jet printing, color-jet printing, and SLA-based extrusion and bio-printing that transform the input of digital data generated by 3D design software, computer-aided design (CAD) software, or other 3D design tools into printed parts.

See also

Insider buying and selling by quarter for 3D Systems (NYSE: DDD)

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