Insider Selling: 3D Systems Corporation (DDD) EVP Sells 10,000 Shares of Stock

3D Systems Corporation (NYSE:DDD) EVP Andrew Martin Johnson sold 10,000 shares of 3D Systems Corporation stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $21.19, for a total transaction of $211,900.00. Following the transaction, the executive vice president now directly owns 241,666 shares in the company, valued at approximately $5,120,902.54. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

3D Systems Corporation (NYSE:DDD) traded up 0.77% during trading on Friday, hitting $21.02. 2,282,344 shares of the company’s stock traded hands. 3D Systems Corporation has a 52-week low of $11.59 and a 52-week high of $23.70. The company’s 50 day moving average price is $20.36 and its 200 day moving average price is $16.59. The company’s market cap is $2.39 billion.

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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. acquired a new position in shares of 3D Systems Corporation during the fourth quarter worth about $219,000. Commerzbank Aktiengesellschaft FI increased its position in 3D Systems Corporation by 36.3% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 262,679 shares of the 3D printing company’s stock worth $3,491,000 after buying an additional 69,904 shares in the last quarter. Comerica Bank increased its position in 3D Systems Corporation by 5.6% in the fourth quarter. Comerica Bank now owns 78,369 shares of the 3D printing company’s stock worth $1,262,000 after buying an additional 4,157 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its position in 3D Systems Corporation by 20.3% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 37,883 shares of the 3D printing company’s stock worth $503,000 after buying an additional 6,390 shares in the last quarter. Finally, Private Advisor Group LLC increased its position in 3D Systems Corporation by 35.1% in the fourth quarter. Private Advisor Group LLC now owns 17,462 shares of the 3D printing company’s stock worth $267,000 after buying an additional 4,534 shares in the last quarter. 54.88% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have weighed in on the stock. Canaccord Genuity reaffirmed a “hold” rating and issued a $15.00 price target on shares of 3D Systems Corporation in a research note on Friday, May 26th. Piper Jaffray Companies lifted their price target on shares of 3D Systems Corporation from $11.00 to $14.00 and gave the company an “underweight” rating in a research note on Wednesday, May 24th. FBR & Co reaffirmed a “hold” rating and issued a $18.00 price target on shares of 3D Systems Corporation in a research note on Monday, May 15th. Zacks Investment Research lowered shares of 3D Systems Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, May 9th. Finally, Jefferies Group LLC lifted their price target on shares of 3D Systems Corporation from $15.00 to $17.50 and gave the company a “hold” rating in a research note on Thursday, May 4th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $17.77.

About 3D Systems Corporation

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.

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