Insider Selling: 3D Systems Co. (NYSE:DDD) EVP Sells 115,971 Shares of Stock

3D Systems Co. (NYSE:DDD) EVP Charles W. Hull sold 115,971 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $3.86, for a total transaction of $447,648.06. Following the completion of the sale, the executive vice president now directly owns 331,955 shares in the company, valued at approximately $1,281,346.30. The trade was a 25.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

3D Systems Trading Down 1.4 %

Shares of 3D Systems stock opened at $3.50 on Friday. The firm has a 50-day moving average of $3.20 and a 200-day moving average of $3.09. 3D Systems Co. has a 52-week low of $1.72 and a 52-week high of $6.85. The stock has a market cap of $474.67 million, a PE ratio of -0.88 and a beta of 1.64. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.34 and a current ratio of 3.31.

Wall Street Analysts Forecast Growth

DDD has been the topic of a number of recent analyst reports. Loop Capital lowered their price target on 3D Systems from $4.50 to $2.00 and set a “hold” rating on the stock in a research report on Thursday, September 5th. Cantor Fitzgerald decreased their target price on 3D Systems from $5.50 to $3.75 and set an “overweight” rating on the stock in a report on Friday, August 30th. StockNews.com raised 3D Systems from a “sell” rating to a “hold” rating in a report on Thursday, November 28th. Lake Street Capital decreased their price objective on shares of 3D Systems from $6.00 to $4.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. Finally, Craig Hallum raised shares of 3D Systems to a “hold” rating in a research report on Thursday, December 12th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $3.25.

Hedge Funds Weigh In On 3D Systems

A number of hedge funds have recently added to or reduced their stakes in the stock. Point72 DIFC Ltd bought a new position in shares of 3D Systems in the third quarter worth $25,000. Murchinson Ltd. acquired a new stake in shares of 3D Systems during the 3rd quarter worth approximately $28,000. HighTower Advisors LLC acquired a new stake in shares of 3D Systems in the 3rd quarter valued at $31,000. Inspire Investing LLC bought a new position in shares of 3D Systems in the 2nd quarter valued at $35,000. Finally, Ballentine Partners LLC acquired a new position in shares of 3D Systems during the 3rd quarter worth $36,000. Institutional investors own 64.49% of the company’s stock.

3D Systems Company Profile

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.