Insider Selling: 3D Systems Co. (DDD) Director Sells $557,250.00 in Stock

Insider Selling: 3D Systems Co. (DDD) Director Sells $557,250.00 in Stock

G Walter Loewenbaum II also recently made the following trade(s):

3D Systems Co. (NYSE:DDD) Director G Walter Loewenbaum II sold 25,000 shares of 3D Systems stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $22.29, for a total value of $557,250.00. Following the sale, the director now directly owns 1,007,106 shares of the company’s stock, valued at $22,448,392.74. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Shares of 3D Systems Co. (NYSE:DDD) traded down 0.27% on Tuesday, reaching $21.97. The company had a trading volume of 412,037 shares. The firm’s 50 day moving average is $18.04 and its 200 day moving average is $15.93. The firm’s market capitalization is $2.49 billion. 3D Systems Co. has a 12 month low of $11.59 and a 12 month high of $23.70.

DDD has been the topic of a number of analyst reports. Zacks Investment Research upgraded 3D Systems from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Tuesday, February 14th. Needham & Company LLC reiterated a “hold” rating on shares of 3D Systems in a report on Tuesday, February 28th. FBR & Co reiterated a “market perform” rating and issued a $18.00 price target on shares of 3D Systems in a report on Wednesday, March 1st. Jefferies Group LLC lifted their price target on 3D Systems from $14.50 to $15.00 and gave the company a “hold” rating in a report on Wednesday, March 1st. Finally, Piper Jaffray Companies lifted their price target on 3D Systems from $11.00 to $14.00 and gave the company an “underweight” rating in a report on Wednesday, May 24th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. 3D Systems presently has a consensus rating of “Hold” and an average target price of $17.77.

A number of institutional investors have recently bought and sold shares of the stock. BlackRock Advisors LLC raised its position in 3D Systems by 9.6% in the third quarter. BlackRock Advisors LLC now owns 55,672 shares of the 3D printing company’s stock valued at $999,000 after buying an additional 4,881 shares during the period. Teachers Advisors LLC raised its position in 3D Systems by 1.1% in the third quarter. Teachers Advisors LLC now owns 176,253 shares of the 3D printing company’s stock valued at $3,164,000 after buying an additional 1,864 shares during the period. TIAA CREF Investment Management LLC raised its position in 3D Systems by 7.9% in the third quarter. TIAA CREF Investment Management LLC now owns 387,953 shares of the 3D printing company’s stock valued at $6,964,000 after buying an additional 28,366 shares during the period. Ameriprise Financial Inc. raised its position in 3D Systems by 2.2% in the third quarter. Ameriprise Financial Inc. now owns 309,304 shares of the 3D printing company’s stock valued at $5,552,000 after buying an additional 6,683 shares during the period. Finally, California State Teachers Retirement System raised its position in 3D Systems by 0.9% in the third quarter. California State Teachers Retirement System now owns 227,132 shares of the 3D printing company’s stock valued at $4,077,000 after buying an additional 2,100 shares during the period. 50.68% of the stock is currently owned by hedge funds and other institutional investors.

About 3D Systems

3D Systems Corporation is a holding company. The Company provides three-dimensional (3D) printing solutions, including 3D printers, print materials, software, on demand manufacturing services and digital design tools. Its precision healthcare capabilities include simulation, Virtual Surgical Planning (VSP), and printing of medical and dental devices and surgical guides and instruments.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “DDD”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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