Insider Trading Report: 3D Systems Corp (DDD)

Jeffrey Graves, President and CEO of 3D Systems Corp (DDD), recently picked up 4,100 shares. The buy increased his stake by 0.75 percent and came to a total purchase price of just over $101,000.

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  • This marks the first insider buy since September. Company insiders have generally been sellers over the past three years, but prior insider buys have been at far lower prices than where shares currently trade today.

    Overall, company insiders own about 2.7 percent of company shares.

    3D Systems designs and manufactures digital manufacturing solutions, including 3D printers, metal printing, and laser sintering. Shares of the company are up 261 percent in the past year, amidst a renewed interest in 3D printing technology.

    While the company is currently unprofitable, rising 3D printer trends point to higher cash flow and profits down the line.

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  • Action to take: Shares are down more than 50 percent from their February peak, but have started trending up in recent weeks. Investors can buy shares.

    For a rising trend, a call option trade may offer traders better returns for less capital. The August $30 calls, trading for about $3.55, offer a potential for a triple-digit move if shares rally back towards their all-time highs in the coming weeks.

     

    Disclosure: The author of this article has no positions in the stock mentioned here, but may make a trade on this company after the next 72 hours. The author receives no compensation from any of the companies mentioned in this article.

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