Velo3D, Inc. (NYSE:VLD) Director Benyamin Buller has sold a total of $2,102 worth of company stock, according to the latest SEC filings. The transactions, which took place over two consecutive days, involve the sale of common stock at varying prices.
On the first day, Buller sold shares at prices ranging from $0.4597 to $0.560, with the weighted average price being $0.5222. The following day, shares were sold within a price bracket of $0.5008 to $0.5439, with the weighted average for that day coming to $0.5291. These sales were conducted under a Rule 10b5-1 trading plan, which was previously adopted by Buller on August 15, 2023.
The SEC filing indicates that after these transactions, Buller still holds a significant amount of Velo3D shares, totaling 5,028,706. The reported sales are part of planned trading activities and provide investors with insight into the trading behavior of the company's directors.
Investors and followers of Velo3D will continue to monitor insider trading activities as an indicator of confidence in the company's performance and prospects.
InvestingPro Insights
Velo3D, Inc. (NYSE:VLD) has been making headlines with insider trading activity, but what does the financial data suggest about the company's health and future prospects? Here are some insights based on the latest data from InvestingPro.
With a market capitalization of $143.68 million, Velo3D is a company that investors are watching closely. One of the key InvestingPro Tips highlights that Velo3D holds more cash than debt on its balance sheet, which is a positive sign for financial stability. However, it is also important to note that the company is quickly burning through cash, which could raise concerns about its long-term sustainability.
The company's revenue growth has been impressive over the last twelve months as of Q3 2023, with a 71.92% increase, and a quarterly revenue growth of 24.55% in Q3 2023. Despite this, the company's gross profit margin stands at a relatively low 8.68%, indicating potential challenges in maintaining profitability.
Another InvestingPro Tip to consider is that analysts do not anticipate the company will be profitable this year, which aligns with the reported operating income margin of -91.86%. This, coupled with the fact that Velo3D does not pay a dividend to shareholders, may influence investment decisions.
For investors looking for more in-depth analysis and additional InvestingPro Tips, there are currently 19 more tips available for Velo3D. These can provide further guidance on whether the recent insider trading aligns with the company's financial outlook. To access these tips and take advantage of the full suite of analytics, visit https://www.investing.com/pro/VLD and remember to use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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