Desktop Metal, Inc. (NYSE:DM) CFO Sells $101,790.72 in Stock

Desktop Metal, Inc. (NYSE:DM) CFO Jason M. Cole sold 24,064 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $4.23, for a total value of $101,790.72. Following the completion of the sale, the chief financial officer now directly owns 69,352 shares in the company, valued at $293,358.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Desktop Metal Stock Performance

Desktop Metal stock opened at $4.39 on Friday. The stock’s 50 day simple moving average is $4.68 and its two-hundred day simple moving average is $6.24. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.31 and a current ratio of 2.60. The stock has a market cap of $145.88 million, a price-to-earnings ratio of -0.44 and a beta of 0.60. Desktop Metal, Inc. has a fifty-two week low of $3.62 and a fifty-two week high of $19.90.

Desktop Metal (NYSE:DM) last posted its quarterly earnings data on Thursday, May 9th. The pipeline company reported ($0.50) earnings per share for the quarter. The firm had revenue of $40.60 million for the quarter. Desktop Metal had a negative net margin of 215.57% and a negative return on equity of 35.69%. During the same quarter last year, the firm posted ($1.10) earnings per share. As a group, analysts expect that Desktop Metal, Inc. will post -2.15 earnings per share for the current fiscal year.

Institutional Trading of Desktop Metal

Large investors have recently bought and sold shares of the company. Headlands Technologies LLC bought a new stake in shares of Desktop Metal in the 2nd quarter worth approximately $25,000. Levin Capital Strategies L.P. bought a new stake in shares of Desktop Metal in the 1st quarter worth approximately $35,000. Empowered Funds LLC bought a new stake in shares of Desktop Metal in the 1st quarter worth approximately $45,000. Keating Investment Counselors Inc. bought a new stake in shares of Desktop Metal in the 1st quarter worth approximately $72,000. Finally, Summit Securities Group LLC bought a new stake in shares of Desktop Metal in the 2nd quarter worth approximately $258,000. 56.31% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on DM. StockNews.com began coverage on Desktop Metal in a research note on Tuesday, June 18th. They issued a “sell” rating on the stock. Cantor Fitzgerald reissued a “neutral” rating and issued a $5.50 target price (down from $12.50) on shares of Desktop Metal in a research note on Monday, July 8th. Finally, Craig Hallum reissued a “hold” rating on shares of Desktop Metal in a research note on Monday, July 1st.

Desktop Metal Company Profile

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.