3D Systems Corporation (NYSE:DDD) executive vice president Charles Hull sold 7,500 shares of the company in a transaction dated May 19. According to his regulatory filing, Mr. Hull sold the shares at $48.78 apiece for a total value of $365,850. He still owns 136,500 shares of 3D Systems, valued at about $6,658,470. Insider selling doesn’t always signal something bad. But when it comes to a hot sector like 3D printing, it’s always good for investors to pay attention to insider selling and corporate governance news.
10 latest insider selling activities at 3D Systems
Hull is not the only 3D Systems Corporation (NYSE:DDD) insider to offload shares. According to Nasdaq, chief financial & accounting officer Gregoire Joseph sold 22,500 shares of 3D Systems at $49 per share. He now owns 301,500 shares of the company. In March, 3D Systems chief executive Abraham Reichental sold 66,700 shares at $60.11 apiece for a total of about $4 million. He still owns 1,545,112 shares. General counsel Andrew Johnson also unloaded 1,500 shares at $60.86 in a transaction dated March 14. below is the list of 10 latest insider selling activities at 3D Systems.
Yesterday, 3D Systems Corporation (NYSE:DDD) announced the launch of Cube 3 and CubePro 3D printers. Though shipping will begin in June, 2014, the company has started taking pre-orders through Cubify.com and its affiliated retailers. 3D Systems previewed the latest 3D printers at the Consumer Electronics Show. The Rock Hill-based company claims that these printers fit any workplace and lifestyle, and are kid-safe.
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3D Systems well-positioned to grow at more than 25%
Last week, RBC Capital Markets analyst Amit Daryanani said in a research note last week that 3D Systems Corporation (NYSE:DDD) is well-positioned to maintain a revenue growth rate of over 25% for the next several years. Other analysts have also commented on the stock in the last week. In a research note dated May 15, Pacific Crest reiterated its Outperform rating on the stock with $65 price target. On May 12, Ned Davis research upgraded the stock from Sell to Neutral.
3D Systems Corporation (NYSE:DDD) shares jumped 2.15% to $50.38 at 10:31 AM EDT on Wednesday.