In a recent transaction, Benyamin Buller, a director at Velo3D, Inc. (NYSE:VLD), sold a total of 4,000 shares of the company's common stock, accumulating over $1,400 in proceeds. The sales occurred on two separate dates, with shares being sold at weighted average prices that varied each day.
On March 13, 2024, Buller sold 2,000 shares at a weighted average price of $0.3435, with individual transactions ranging from $0.3304 to $0.3578 per share. The following day, on March 14, another batch of 2,000 shares was sold at a weighted average price of $0.3568, and these transactions ranged between $0.3419 and $0.3782 per share.
The sales were conducted under a Rule 10b5-1 trading plan, which Buller had adopted on August 15, 2023. Such plans allow company insiders to establish predetermined trading arrangements for selling stocks at a time when they are not in possession of material non-public information. This strategy is often used to avoid concerns about insider trading.
Following these transactions, Buller's remaining stake in Velo3D amounts to 5,040,706 shares of common stock, maintaining a significant investment in the company. Velo3D, known for its specialization in industrial machinery, has not disclosed any further intentions or strategic plans related to Buller's sale of shares.
Investors and followers of Velo3D can request more detailed information about the sales, including the number of shares sold at each price point within the provided ranges, from Buller upon request.
InvestingPro Insights
As Velo3D, Inc. (NYSE:VLD) navigates the complexities of the market, recent data from InvestingPro provides a clearer picture of the company's financial position and performance. With a market capitalization of 112.41 million USD, VLD shows a strong sales growth trajectory with a 71.92% increase in revenue over the last twelve months as of Q3 2023. This could be a reflection of the company's ability to innovate and capture market share in the industrial machinery space.
Despite these positive revenue figures, VLD's financial health is a mixed bag, as evidenced by a negative P/E ratio of -1.33, indicating that the company is not currently profitable. This aligns with one of the InvestingPro Tips, which notes that analysts do not anticipate the company will be profitable this year. Additionally, VLD's gross profit margin stands at 8.68%, which may be considered low, supporting another InvestingPro Tip that highlights the company's weak gross profit margins.
On the brighter side, VLD's stock has experienced a significant return over the last week, with a 15.98% price total return, and an even stronger performance over the last month at 36.48%. This recent uptick could provide a glimmer of hope for investors looking for short-term gains. It should be noted, however, that the stock is known for high price volatility, as indicated by both the InvestingPro Tips and the 52-week price high percentage of 16.92%.
For investors seeking a more comprehensive analysis, InvestingPro offers additional insights. There are 19 InvestingPro Tips available for VLD, which can be accessed at: https://www.investing.com/pro/VLD. These tips offer valuable perspectives on the company's financial health and market performance. To delve deeper into these insights, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription at InvestingPro.
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