Jeffrey Graves, President and CEO of 3D Systems Corp (DDD), recently bought 60,000 shares. The buy came to a total cost of $231,000, and increased his position by 6%.
This is the first insider buy in 13 months, since a company director picked up 100,000 shares across two transactions in November 2023. Otherwise, there was one insider sale in 2024, from the company CTO, who sold 20% of his position for just under $448,000.
Overall, 3D Systems insiders own 2.9% of shares.
The 3D printing hardware and software developer is down 48% over the past year, reflecting low interest in the 3D printing space amid the hotter tech trend of AI.
3D Systems has been a lackluster player operationally, with revenues declining 12% over the past year, and with deteriorating earnings overall.
Action to take: While things look poor operationally right now, shares have started to trend higher since September. And 3D printing is still a useful tool for niche manufacturing that continues to improve. Shares may be a worthwhile buy here as a speculative play going into 2025.
For traders, shares are still well off their lows, but are still closer to their lows than highs. That suggests the current uptrend has some more room to play out in the months ahead. The February 2025 $3.50 calls, right at-the-money, and trading for about $0.45, could see high-double-digit returns in the months ahead.
Disclosure: The author of this article has no position in the company mentioned here, but may trade after the next 72 hours. The author receives no compensation from any company mentioned in this article.