3D Systems CEO Jeffrey A. Graves Acquires 60,000 Shares

Jeffrey A. Graves, the Chief Executive Officer of 3D Systems Co. (NYSE: DDD), made headlines with his recent acquisition of 60,000 shares of the company's stock on Tuesday, December 17th. The shares were purchased at an average price of $3.85 each, amounting to a total investment of $231,000. Following this transaction, Graves' total holdings in the company now stand at 1,091,782 shares, which are valued at approximately $4,203,360.70. This acquisition reflects a 5.82% increase in his ownership stake within the company. The details of this transaction were filed with the Securities and Exchange Commission (SEC).

3D Systems Stock Performance

On December 18th, shares of 3D Systems experienced a decline, trading down by $0.22 to a price of $3.58. The trading volume for the day reached 3,383,472 shares, which exceeds the average volume of 2,334,856 shares. Over the past year, 3D Systems has seen its stock price fluctuate significantly, with a twelve-month low of $1.72 and a high of $6.85. The company’s fifty-day moving average price is noted at $3.19, while the two-hundred day moving average price is $3.08. Currently, 3D Systems has a market capitalization of $485.52 million, a price-to-earnings (P/E) ratio of -0.90, and a beta of 1.64. Additionally, the company reports a current ratio of 3.31, a quick ratio of 2.34, and a debt-to-equity ratio of 0.97.

Changes in Institutional Holdings

Recent activity among institutional investors indicates a growing interest in 3D Systems. In the third quarter, Point72 DIFC Ltd acquired a new position worth approximately $25,000, while Murchinson Ltd. and HighTower Advisors LLC also established new stakes in the company valued at about $28,000 and $31,000, respectively. Furthermore, Inspire Investing LLC bought into 3D Systems in the second quarter with an investment of about $35,000. Other firms, including Ballentine Partners LLC, have followed suit with purchases valued at around $36,000. Altogether, institutional investors and hedge funds now control 64.49% of 3D Systems' stock.

Analyst Opinions on 3D Systems

In recent weeks, various analysts have weighed in on 3D Systems, offering mixed evaluations. Loop Capital set a decreased price target from $4.50 to $2.00 while maintaining a 'hold' rating. Similarly, Needham & Company LLC reiterated a 'hold' rating in early December, while Craig Hallum also upgraded its rating to 'hold' around the same time. StockNews.com adjusted its stance, moving from a 'sell' rating to a 'hold' rating in late November. Overall, investment analysts have rated the stock with four 'hold' designations and two 'buy' ratings, suggesting a consensus rating of 'Hold' alongside an average price target of $3.25 for the shares.

About 3D Systems

3D Systems Corporation specializes in 3D printing and digital manufacturing solutions across various global regions, including the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company provides an array of 3D printing technologies, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, color jet printing, polymer extrusion, and bioprinting solutions, enabling the transformation of digital designs into tangible printed parts.

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