3D Systems (NYSE:DDD) Shares Gap Up Following Insider Buying Activity

3D Systems Co. (NYSE:DDD - Get Free Report) gapped up prior to trading on Thursday after an insider bought additional shares in the company. The stock had previously closed at $3.58, but opened at $3.90. 3D Systems shares last traded at $3.75, with a volume of 556,249 shares trading hands.

Specifically, CEO Jeffrey A. Graves bought 60,000 shares of 3D Systems stock in a transaction on Tuesday, December 17th. The stock was acquired at an average cost of $3.85 per share, with a total value of $231,000.00. Following the completion of the acquisition, the chief executive officer now owns 1,091,782 shares in the company, valued at approximately $4,203,360.70. This represents a 5.82 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. StockNews.com raised shares of 3D Systems from a "sell" rating to a "hold" rating in a research report on Thursday, November 28th. Cantor Fitzgerald cut their price target on 3D Systems from $5.50 to $3.75 and set an "overweight" rating for the company in a report on Friday, August 30th. Lake Street Capital decreased their price objective on 3D Systems from $6.00 to $4.00 and set a "buy" rating on the stock in a research note on Thursday, September 5th. Craig Hallum raised 3D Systems to a "hold" rating in a research report on Thursday, December 12th. Finally, Loop Capital reduced their target price on shares of 3D Systems from $4.50 to $2.00 and set a "hold" rating for the company in a report on Thursday, September 5th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, 3D Systems presently has a consensus rating of "Hold" and an average target price of $3.25.

3D Systems Stock Performance

The company has a quick ratio of 2.34, a current ratio of 3.31 and a debt-to-equity ratio of 0.97. The business has a 50 day moving average price of $3.20 and a two-hundred day moving average price of $3.09. The stock has a market cap of $481.45 million, a P/E ratio of -0.89 and a beta of 1.64.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DDD. ARK Investment Management LLC grew its position in shares of 3D Systems by 26.0% during the third 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 in the last quarter. Walleye Capital LLC boosted its stake in 3D Systems by 3,140.9% during the third quarter. Walleye Capital LLC now owns 508,951 shares of the 3D printing company's stock valued at $1,445,000 after buying an additional 525,688 shares during the last quarter. 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. Weiss Asset Management LP bought a new stake in 3D Systems in the 3rd quarter worth approximately $1,143,000. Finally, XTX Topco Ltd raised its holdings in shares of 3D Systems by 1,844.0% during the 3rd quarter. XTX Topco Ltd now owns 359,817 shares of the 3D printing company's stock worth $1,022,000 after acquiring an additional 341,308 shares in the last quarter. 64.49% of the stock is currently owned by institutional investors.

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.