3D Systems Co. (NYSE:DDD) CEO Purchases $231,000.00 in Stock

3D Systems Co. (NYSE:DDD) CEO Jeffrey A. Graves bought 60,000 shares of the stock in a transaction that occurred on Tuesday, December 17th. The shares were bought at an average price of $3.85 per share, for a total transaction of $231,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,091,782 shares of the company’s stock, valued at $4,203,360.70. This represents a 5.82 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

3D Systems Trading Down 0.8 %

Shares of DDD opened at $3.55 on Friday. The firm has a market cap of $481.45 million, a P/E ratio of -0.89 and a beta of 1.64. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.31 and a quick ratio of 2.34. 3D Systems Co. has a 1 year low of $1.72 and a 1 year high of $6.85. The company has a 50 day simple moving average of $3.20 and a two-hundred day simple moving average of $3.09.

Hedge Funds Weigh In On 3D Systems

Several institutional investors have recently bought and sold shares of DDD. ARK Investment Management LLC boosted its holdings in shares of 3D Systems by 26.0% during the 3rd quarter. ARK Investment Management LLC now owns 3,878,628 shares of the 3D printing company’s stock valued at $11,015,000 after purchasing an additional 799,157 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of 3D Systems by 1.3% in the third quarter. Geode Capital Management LLC now owns 3,007,031 shares of the 3D printing company’s stock worth $8,541,000 after buying an additional 38,431 shares in the last quarter. Silverberg Bernstein Capital Management LLC lifted its position in shares of 3D Systems by 32.8% in the third quarter. Silverberg Bernstein Capital Management LLC now owns 1,223,759 shares of the 3D printing company’s stock worth $3,475,000 after buying an additional 302,484 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in 3D Systems by 13.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 993,145 shares of the 3D printing company’s stock valued at $2,821,000 after buying an additional 116,158 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its holdings in 3D Systems by 85.1% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 876,987 shares of the 3D printing company’s stock valued at $2,692,000 after buying an additional 403,175 shares in the last quarter. 64.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on DDD. Needham & Company LLC reaffirmed a “hold” rating on shares of 3D Systems in a research note on Thursday, December 12th. StockNews.com raised shares of 3D Systems from a “sell” rating to a “hold” rating in a report on Thursday, November 28th. Cantor Fitzgerald reduced their price objective on shares of 3D Systems from $5.50 to $3.75 and set an “overweight” rating for the company in a research note on Friday, August 30th. Loop Capital lowered their target price on shares of 3D Systems from $4.50 to $2.00 and set a “hold” rating on the stock in a research note on Thursday, September 5th. Finally, Lake Street Capital cut their price target on 3D Systems from $6.00 to $4.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, 3D Systems has a consensus rating of “Hold” and an average target price of $3.25.

About 3D Systems

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