Investors Buy Large Volume of Call Options on Nano Dimension (NASDAQ:NNDM)

Nano Dimension Ltd. (NASDAQ:NNDM) was the target of some unusual options trading activity on Wednesday. Traders purchased 8,895 call options on the stock. This represents an increase of 103% compared to the average daily volume of 4,381 call options.

Nano Dimension Stock Down 4.9%

Shares of NASDAQ:NNDM opened at $1.93 on Friday. The firm has a fifty day moving average of $1.78 and a two-hundred day moving average of $1.63. Nano Dimension has a 12-month low of $1.31 and a 12-month high of $2.61. The firm has a market capitalization of $405.96 million, a P/E ratio of -1.58 and a beta of 0.91.

Institutional Investors Weigh In On Nano Dimension

Several institutional investors have recently made changes to their positions in NNDM. ARK Investment Management LLC raised its holdings in shares of Nano Dimension by 23.6% during the 2nd quarter. ARK Investment Management LLC now owns 1,777,845 shares of the technology company’s stock valued at $2,880,000 after purchasing an additional 339,437 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Nano Dimension by 96.4% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 656,138 shares of the technology company’s stock worth $1,063,000 after buying an additional 322,028 shares during the last quarter. Tactive Advisors LLC bought a new position in Nano Dimension during the second quarter valued at about $1,115,000. Peapod Lane Capital LLC acquired a new stake in shares of Nano Dimension in the second quarter worth about $1,149,000. Finally, Immersion Corp boosted its stake in shares of Nano Dimension by 343.3% during the 2nd quarter. Immersion Corp now owns 6,020,142 shares of the technology company’s stock worth $9,753,000 after acquiring an additional 4,662,090 shares in the last quarter. 33.89% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on NNDM. Weiss Ratings reiterated a “sell (d)” rating on shares of Nano Dimension in a research report on Thursday, January 22nd. Wall Street Zen upgraded shares of Nano Dimension from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Nano Dimension Company Profile

Nano Dimension Ltd. (NASDAQ: NNDM) is a provider of advanced additive manufacturing solutions tailored for the electronics industry. Founded in 2012 and headquartered in Ness Ziona, Israel, the company develops integrated hardware, software and material platforms designed to accelerate the design and production of printed circuit boards (PCBs) and conformal electronic devices. Its flagship DragonFly printers use patented inkjet-based 3D printing technology to produce multi-layer PCB prototypes in a single build process, reducing lead times and enabling rapid design iterations.

In addition to its 3D printing systems, Nano Dimension offers a suite of proprietary conductive and dielectric inks, as well as workflow software that connects designers, engineers and manufacturers.