Signaturefd LLC Sells 89,100 Shares of Desktop Metal, Inc. (NYSE:DM)

Signaturefd LLC decreased its position in Desktop Metal, Inc. (NYSE:DM) by 90.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 9,900 shares of the pipeline company’s stock after selling 89,100 shares during the quarter. Signaturefd LLC’s holdings in Desktop Metal were worth $41,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. SG Americas Securities LLC boosted its position in Desktop Metal by 4,740.2% in the first quarter. SG Americas Securities LLC now owns 954,349 shares of the pipeline company’s stock valued at $840,000 after buying an additional 934,632 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Desktop Metal by 66.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 397,277 shares of the pipeline company’s stock worth $350,000 after purchasing an additional 158,872 shares in the last quarter. Summit Financial LLC lifted its stake in Desktop Metal by 8.8% in the first quarter. Summit Financial LLC now owns 344,574 shares of the pipeline company’s stock valued at $303,000 after buying an additional 27,754 shares in the last quarter. Cetera Advisors LLC bought a new position in Desktop Metal in the first quarter valued at approximately $281,000. Finally, Keating Investment Counselors Inc. bought a new position in Desktop Metal in the first quarter valued at approximately $72,000. Institutional investors own 56.31% of the company’s stock.

Desktop Metal Price Performance

Shares of NYSE DM opened at $4.38 on Friday. The stock has a market cap of $145.68 million, a PE ratio of -0.44 and a beta of 0.61. Desktop Metal, Inc. has a fifty-two week low of $3.62 and a fifty-two week high of $17.50. 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 fifty day moving average of $4.60 and a 200-day moving average of $5.97.

Insider Activity at Desktop Metal

In related news, CFO Jason M. Cole sold 24,064 shares of the business’s stock in a transaction that occurred on 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 owns 69,352 shares in the company, valued at approximately $293,358.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 14.22% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

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.