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 the total value exceeding $1,500.
On March 27, 2024, Buller sold 2,000 shares at a weighted average price of $0.3497, with individual sale prices ranging from $0.3303 to $0.3885. The following 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 Rule 10b5-1 trading plan, which Buller had adopted on August 15, 2023. Such plans allow company insiders to establish pre-arranged plans to buy or sell company stock at a predetermined time, providing a defense against potential accusations of trading on insider information.
Following these sales, Buller's direct ownership in Velo3D stands at 5,020,706 shares. Investors often monitor insider buying and selling as it can provide insights into how executives perceive the company's future prospects. However, it's important to note that insider transactions can be influenced by a variety of factors and may not always signal changes in company performance.
The transactions occurred shortly after Velo3D, a company specializing in special industry machinery, had made headlines with its latest technological advancements and business developments. Such insider activity is regularly reported to the Securities and Exchange Commission and is publicly available for investors to review.
InvestingPro Insights
As Velo3D, Inc. (NYSE:VLD) navigates through its recent insider stock sale, investors looking for 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 at -33.71% for the last twelve months as of Q1 2023, Velo3D's financial landscape presents a complex picture.
Analyzing the company's performance, the revenue has seen a decline of 3.96% over the last year, reflecting potential headwinds in sales growth. This is further compounded by the significant quarterly revenue drop of 93.94% in Q1 2023, which may raise concerns among stakeholders about the company's short-term revenue streams. Additionally, with a negative operating income margin of -171.65%, Velo3D's profitability challenges are underscored.
InvestingPro Tips reveal that analysts are not expecting Velo3D to be profitable this year, and the company has been grappling with high price volatility. Moreover, despite a strong return over the last month, the stock price has experienced a substantial decline over the past year. These insights suggest that investors may need to brace for continued volatility and consider the company's long-term strategies and market position.
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