3D Systems Co. (NYSE:DDD) EVP Charles W. Hull Sells 115,971 Shares

3D Systems Co. (NYSE:DDD - Get Free Report) EVP Charles W. Hull sold 115,971 shares of 3D Systems stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $3.86, for a total transaction of $447,648.06. Following the sale, the executive vice president now owns 331,955 shares in the company, valued at approximately $1,281,346.30. This represents a 25.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

3D Systems Trading Down 5.8 %

Shares of 3D Systems stock traded down $0.22 on Wednesday, hitting $3.58. 3,383,472 shares of the company's stock traded hands, compared to its average volume of 2,334,856. The company has a fifty day moving average of $3.19 and a two-hundred day moving average of $3.08. 3D Systems Co. has a one year low of $1.72 and a one year high of $6.85. The company has a market capitalization of $485.52 million, a price-to-earnings ratio of -0.90 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.

Wall Street Analyst Weigh In

DDD has been the topic of several analyst reports. Cantor Fitzgerald reduced their price objective on shares of 3D Systems from $5.50 to $3.75 and set an "overweight" rating on the stock in a research note on Friday, August 30th. StockNews.com upgraded 3D Systems from a "sell" rating to a "hold" rating in a research report on Thursday, November 28th. Needham & Company LLC reaffirmed a "hold" rating on shares of 3D Systems in a research note on Thursday, December 12th. Lake Street Capital reduced their target price on 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 upgraded shares of 3D Systems to a "hold" rating in a report on Thursday, December 12th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, 3D Systems has a consensus rating of "Hold" and an average target price of $3.25.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Sumitomo Mitsui Trust Holdings Inc. grew its stake in 3D Systems by 85.1% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 876,987 shares of the 3D printing company's stock valued at $2,692,000 after acquiring an additional 403,175 shares during the period. ARK Investment Management LLC increased its position in shares of 3D Systems by 6.4% during the second quarter. ARK Investment Management LLC now owns 3,079,471 shares of the 3D printing company's stock worth $9,454,000 after acquiring an additional 185,347 shares in the last quarter. Mizuho Securities Co. Ltd. acquired a new stake in shares of 3D Systems in the 2nd quarter worth about $38,000. Wealth Effects LLC boosted its stake in 3D Systems by 54.0% during the 2nd quarter. Wealth Effects LLC now owns 227,900 shares of the 3D printing company's stock valued at $700,000 after purchasing an additional 79,870 shares during the last quarter. Finally, Foundations Investment Advisors LLC bought a new stake in 3D Systems during the 2nd quarter worth approximately $37,000. Institutional investors and hedge funds own 64.49% of the company's stock.

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.

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