Insider Selling: 3D Systems CFO Unloads $2,636,000 in Stock (DDD)
3D Systems (NYSE:DDD) CFO Damon Joseph Gregoire sold 50,000 shares of the stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $52.72, for a total value of $2,636,000.00. Following the completion of the transaction, the chief financial officer now directly owns 249,000 shares of the company’s stock, valued at approximately $13,127,280. The transaction was disclosed in a filing with the SEC, which is available at this link.
3D Systems (NYSE:DDD) traded up 0.99% during mid-day trading on Thursday, hitting $53.19. 3,344,147 shares of the company’s stock traded hands. 3D Systems has a one year low of $43.35 and a one year high of $97.28. The stock’s 50-day moving average is $52. and its 200-day moving average is $55.87. The company has a market cap of $5.847 billion and a price-to-earnings ratio of 152.67.
3D Systems (NYSE:DDD) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.16 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.18 by $0.02. The company had revenue of $151.50 million for the quarter, compared to the consensus estimate of $162.30 million. During the same quarter in the prior year, the company posted $0.20 earnings per share. The company’s quarterly revenue was up 25.4% on a year-over-year basis. Analysts expect that 3D Systems will post $0.78 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Pacific Crest reiterated an “outperform” rating on shares of 3D Systems in a research note on Friday, August 1st. They now have a $56.00 price target on the stock, down previously from $59.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of 3D Systems in a research note on Friday, August 1st. They now have a $53.00 price target on the stock. Finally, analysts at RBC Capital downgraded shares of 3D Systems from an “outperform” rating to a “sector perform” rating in a research note on Friday, August 1st. They now have a $54.00 price target on the stock, down previously from $64.00. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $67.10.
3D Systems Corporation (NYSE:DDD) is a holding company that operates through subsidiaries in the United States, Europe and the Asia-Pacific region.
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