Jason M. Cole Sells 180,000 Shares of Desktop Metal, Inc. (NYSE:DM) Stock

Desktop Metal, Inc. (NYSE:DMGet Free Report) CFO Jason M. Cole sold 180,000 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $0.62, for a total transaction of $111,600.00. Following the completion of the sale, the chief financial officer now owns 871,680 shares in the company, valued at approximately $540,441.60. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Desktop Metal Price Performance

Desktop Metal stock opened at $0.61 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.64 and a current ratio of 2.83. Desktop Metal, Inc. has a 1 year low of $0.46 and a 1 year high of $2.30. The firm’s 50-day moving average is $0.80 and its 200-day moving average is $0.73.

Desktop Metal (NYSE:DMGet Free Report) last issued its earnings results on Thursday, May 9th. The pipeline company reported ($0.05) earnings per share (EPS) for the quarter. The business had revenue of $40.60 million during the quarter. Desktop Metal had a negative return on equity of 29.78% and a negative net margin of 170.77%. During the same quarter in the prior year, the company earned ($0.11) earnings per share. As a group, research analysts forecast that Desktop Metal, Inc. will post -0.15 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Levin Capital Strategies L.P. bought a new stake in Desktop Metal in the first quarter valued at $35,000. Price T Rowe Associates Inc. MD boosted its stake in Desktop Metal by 66.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 397,277 shares of the pipeline company’s stock valued at $350,000 after buying an additional 158,872 shares in the last quarter. Keating Investment Counselors Inc. bought a new stake in Desktop Metal during the first quarter worth approximately $72,000. SG Americas Securities LLC lifted its position in shares of Desktop Metal by 4,740.2% during the 1st quarter. SG Americas Securities LLC now owns 954,349 shares of the pipeline company’s stock valued at $840,000 after acquiring an additional 934,632 shares during the last quarter. Finally, Empowered Funds LLC acquired a new stake in shares of Desktop Metal during the 1st quarter valued at $45,000. Institutional investors and hedge funds own 56.31% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on DM shares. Cantor Fitzgerald started coverage on Desktop Metal in a report on Wednesday, February 28th. They issued an “overweight” rating and a $1.25 price objective for the company. StockNews.com started coverage on Desktop Metal in a report on Saturday, March 2nd. They issued a “sell” rating for the company.

Get Our Latest Analysis on DM

Desktop Metal Company Profile

(Get Free Report)

Desktop Metal, Inc manufactures and sells additive manufacturing technologies for engineers, designers, and manufacturers in the Americas, Europe, the Middle East, Africa, and the Asia- Pacific. The company offers Shop System, an entry-level metal 3D printing using binder jetting; X-series platform that provides binder jet 3D printing of specialty materials, including metals and ceramics, and tools; and P-Series offers high-speed metal 3D printing.

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