Benjamin Buller, Director, Velo3D, Inc. (NYSE:VLD), recently sold shares of the company’s common stock, according to its latest filing with the Securities and Exchange Commission. The transactions, which occurred on March 15 and 18, involved the sale of a total of 4,000 shares valued at more than $1,700.
The sale took place in accordance with the pre-agreed trading plan, which Buller accepted on August 15, 2023. Prices per share for these transactions ranged from $0.4168 to $0.4451. On March 15, Buller sold 2,000 shares at a weighted average price of $0.4168, with individual sales prices ranging from $0.3705 to $0.4651. On March 18, another batch of 2,000 shares was sold at a weighted average price of $0.4451, with sales prices ranging from $0.4142 to $0.4738.
Following these transactions, Buller’s stake in Velo3D was 5,036,706 shares. These sales were made in accordance with SEC Rule 10b5-1, which allows company insiders to create a trading plan to sell shares they own.
Investors often track insider buying and selling activity because it can provide an insider’s view of a company’s future performance. However, such transactions do not always indicate a change in a company’s prospects, as they may be made for a variety of personal financial reasons.
Based in California, Velo3D is known for its innovative metal 3D printing technology, which is used in a variety of industries including aerospace, energy and medical. The company’s commitment to developing 3D printing capabilities has made it a prominent player in the specialty industrial equipment sector.
InvestingAbout Insights
Following recent insider sales at Velo3D, Inc. (NYSE:VLD), investors looking to gain a deeper understanding of the company’s financial health may want to consider some of InvestingPro’s key metrics and insights. Notably, Velo3D has a market capitalization of US$111.69 million, which reflects its current market value. Despite the challenges, the company posted strong revenue growth of 71.92% over the trailing twelve months to the third quarter of 2023, indicating strong demand for its innovative metal 3D printing technology.
One of InvestingPro’s notable tips for Velo3D highlights the company’s strong liquidity position, as it currently has more cash than debt on its balance sheet. This can provide a buffer for a company to overcome financial uncertainty and invest in growth opportunities. In addition, analysts expect sales growth this year, which implies a positive outlook for the company’s revenue dynamics.
However, it is important to note that the stock has experienced significant price volatility, which is a critical factor for investors to consider. High price volatility, as evidenced by last week’s strong return of 34.66% and the significant drop over the past six months of -69.7%, may attract investors with a higher risk tolerance. Additionally, the company’s P/E ratio (adjusted) for the trailing twelve months ending Q3 2023 is -1.38, highlighting the company’s current lack of profitability.
For those interested in in-depth analysis of Velo3D, an additional 18 InvestingPro tips are available that can provide additional insight into a company’s financial performance and stock performance. To learn these tips and make informed investment decisions, you can use the coupon code. PRONEWS24 to get an additional 10% off your annual or bi-annual Pro and Pro+ subscriptions at InvestingPro.
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