3D Systems Co. (NYSE:DDD) CEO Jeffrey A. Graves Acquires 60,000 Shares

3D Systems Co. (NYSE:DDD) CEO Jeffrey A. Graves bought 60,000 shares of the stock in a transaction dated Tuesday, December 17th. The shares were acquired at an average price of $3.85 per share, with a total value of $231,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,091,782 shares of the company’s stock, valued at approximately $4,203,360.70. The trade was a 5.82 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

3D Systems Trading Down 5.8 %

Shares of DDD stock traded down $0.22 on Wednesday, hitting $3.58. The stock had a trading volume of 3,383,472 shares, compared to its average volume of 2,334,856. 3D Systems Co. has a twelve month low of $1.72 and a twelve month high of $6.85. The company has a fifty day moving average price of $3.19 and a two-hundred day moving average price of $3.08. The firm has a market cap of $485.52 million, a P/E ratio of -0.90 and a beta of 1.64. The company has a current ratio of 3.31, a quick ratio of 2.34 and a debt-to-equity ratio of 0.97.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of DDD. Point72 DIFC Ltd purchased a new position in shares of 3D Systems in the 3rd quarter worth approximately $25,000. Murchinson Ltd. purchased a new position in 3D Systems during the 3rd quarter valued at about $28,000. HighTower Advisors LLC purchased a new position in shares of 3D Systems in the 3rd quarter valued at approximately $31,000. Inspire Investing LLC bought a new stake in 3D Systems during the 2nd quarter valued at about $35,000. Finally, Ballentine Partners LLC purchased a new stake in shares of 3D Systems during the 3rd quarter valued at about $36,000. Institutional investors and hedge funds own 64.49% of the company’s stock.

Wall Street Analyst Weigh In

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

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.