Velo3D, Inc. (NYSE:VLD) reported a recent sale of common stock by Director Benyamin Buller, according to the company’s latest filings. Buller sold a total of 4,000 shares in two separate transactions, with a total value of more than $1,500.
On March 27, 2024, Buller sold 2,000 shares at a weighted average price of $0.3497, with individual sales prices ranging from $0.3303 to $0.3885. The next day, Buller sold another 2,000 shares, this time at a higher weighted average price of $0.4319, with sales conducted at prices between $0.3805 and $0.4592 per share.
These transactions were executed under a trading plan compliant with Rule 10b5-1, which Buller had adopted on August 15, 2023. Such plans allow company insiders to establish pre-arranged plans to buy or sell shares of the company at a time predetermined, providing a defense against potential charges of exploiting inside information.
Following these sales, Buller’s direct ownership in Velo3D totals 5,020,706 shares. Investors often track insider buying and selling as it can provide insight into how executives perceive the company’s future prospects. However, it is important to note that insider transactions can be influenced by a number of factors and may not always signal changes in business performance.
The transactions came shortly after Velo3D, a company specializing in specialty industrial machinery, made headlines with its latest technological advancements and business developments. This insider activity is regularly reported to the Securities and Exchange Commission and is publicly available for investors to review.
Insights on InvestingPro
As Velo3D, Inc. (NYSE:VLD) navigates its recent preferred stock sale, investors seeking a deeper understanding of the company’s financial health can turn to InvestingPro for real-time data and professional insights. With the latest metrics indicating a market capitalization of approximately $117.74 million and a challenging gross profit margin of -33.71% for the trailing twelve months as of Q1 2023, Velo3D’s financial landscape presents a complex picture.
Looking at the company’s performance, revenue has seen a decline of 3.96% over the past year, reflecting potential headwinds to sales growth. This is further compounded by the significant quarterly revenue decline of 93.94% in Q1 2023, which may raise concerns among stakeholders about the company’s near-term revenue streams. Furthermore, with a negative operating profit margin of -171.65%, Velo3D’s profitability challenges are underlined.
InvestingPro tips reveal that analysts do not expect Velo3D to be profitable this year and that the company is grappling with high price volatility. Furthermore, despite the strong return over the past month, the stock price has seen a substantial decline over the past year. These insights suggest that investors may need to prepare for continued volatility and consider the company’s long-term strategies and market position.
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