Benyamin Buller, a director at Velo3D, Inc. (NYSE:VLD), has sold a portion of his company stock, according to a recent SEC filing. The transactions, which occurred on March 25 and 26, 2024, involved the sale of 4,000 shares of common stock for a total value exceeding $2,100.
The sales were executed under a prearranged 10b5-1 trading plan, which Buller had adopted on August 15, 2023. The plan allows company insiders to sell shares at predetermined times to avoid accusations of insider trading. The filing revealed that the shares were sold at weighted average prices, with the first batch of 2,000 shares going for an average of $0.5326 each, within a price range of $0.5002 to $0.5522. The second batch of 2,000 shares was sold for an average of $0.5566 each, with individual transactions ranging from $0.5152 to $0.6067 per share.
Following these transactions, Buller's remaining stake in the company stands at 5,024,706 shares of common stock. The SEC filing did not indicate any purchases of stock by Buller during this period.
Investors and interested parties can request detailed information about the sales, including the number of shares sold at each price point within the specified ranges, from Buller or Velo3D, Inc.
Velo3D, based in Campbell, California, specializes in metal additive manufacturing technology, commonly known as 3D printing, and serves various industries, including aerospace, energy, and industrial sectors.
InvestingPro Insights
As investors digest the news of Benyamin Buller's recent stock sale at Velo3D, Inc., it's critical to consider the financial health and market performance of the company. According to InvestingPro data, Velo3D currently holds a market capitalization of $149.65 million, indicating its size within the industry. Despite the challenges, the company has managed to achieve a remarkable revenue growth of 71.92% over the last twelve months as of Q3 2023, showcasing its potential in the metal additive manufacturing sector.
However, the company's financials reflect a significant cash burn, with an operating income margin at a concerning -91.86% for the same period. This aligns with one of the InvestingPro Tips which points out that Velo3D is quickly burning through cash. Additionally, the company's P/E ratio stands at -0.55, further emphasizing its current lack of profitability.
Investors looking to understand the future prospects of Velo3D should note that analysts have revised their earnings downwards for the upcoming period, and the company is not expected to be profitable this year. This is particularly relevant given the recent insider selling activity. For those seeking a deeper analysis, InvestingPro offers additional tips for Velo3D, and users can get an extra 10% off a yearly or biyearly Pro and Pro+ subscription using the coupon code PRONEWS24.
It's also worth noting that Velo3D has experienced a strong return over the last month, with a price total return of 46.58%, although the stock has also shown high price volatility over various time frames. This could be indicative of market sentiment and investor reactions to both industry trends and company-specific news.
With these insights, stakeholders can gain a more comprehensive understanding of Velo3D's current position and future outlook, which is essential for making informed investment decisions.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.