In recent market activity, Velo3D, Inc. (NYSE:VLD) director Benyamin Buller sold company shares in two separate transactions, totaling over $1,800. The sales took place on March 19 and March 20, according to the latest SEC filings.
On the first day, Buller disposed of 2,000 shares at an average price of $0.4539, while on the following day, another batch of 2,000 shares was sold at an average price of $0.4489. The transactions occurred at prices ranging from $0.437 to $0.4794 and from $0.4383 to $0.4565 respectively, as per the weighted average price reported.
The sales were conducted under a Rule 10b5-1 trading plan, which was previously adopted by Buller on August 15, 2023. This plan allows company insiders to set up a predetermined schedule to buy or sell company stocks at a time when they are not in possession of material non-public information.
Following these transactions, Buller still holds a significant amount of Velo3D shares, with the SEC filing revealing a remaining ownership of 5,032,706 shares after the sales were completed.
Investors often monitor insider sales as they can provide insights into an executive's perspective on the company's current valuation and future prospects. However, it's important to note that such sales do not necessarily indicate a lack of confidence in the company; they may also reflect personal financial management strategies.
Velo3D, headquartered in Campbell, California, specializes in metal 3D printing solutions and operates within the special industry machinery sector. The company's stock is publicly traded under the ticker VLD on the New York Stock Exchange.
InvestingPro Insights
As Velo3D, Inc. (NYSE:VLD) makes headlines with insider share sales, investors are closely monitoring the company's financial health and market performance. A glance at the real-time data from InvestingPro reveals a nuanced picture of VLD's current standing:
- The company's Market Cap stands at a modest 142.13M USD, reflecting its position in the market.
- With a negative P/E Ratio of -2.00 and an adjusted P/E Ratio for the last twelve months as of Q3 2023 at -1.42, Velo3D has challenges to overcome in profitability.
- Despite these figures, the company has experienced a substantial Revenue Growth of 71.92% over the last twelve months as of Q3 2023, indicating a potential for scaling operations.
Delving into the InvestingPro Tips, Velo3D's financial strategies and future prospects come into sharper focus:
- The company holds more cash than debt on its balance sheet, which could provide a buffer against market fluctuations and investment in growth opportunities.
- Analysts anticipate sales growth in the current year, suggesting that Velo3D's products and services continue to gain traction despite broader market challenges.
For investors looking for a deeper dive into Velo3D's performance metrics and strategic insights, InvestingPro offers a wealth of additional tips. Currently, there are over 10 additional tips available that could provide valuable context to the recent insider sales and the company's future outlook. To access these insights, visit InvestingPro and consider subscribing to their service using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
It's crucial for investors to look beyond the surface-level data and consider the underlying financial indicators and expert analysis. The strong revenue growth coupled with a sound cash position may offer some reassurance, even as the company faces profitability challenges and high price volatility.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.