Shapeways Holdings, Inc. (NYSE: SHPW – Get a rating) major shareholder Ventures V. (Jersey) LP Index sold 513,804 shares of the company in a trade on Wednesday, April 13. The shares were sold at an average price of $2.33, for a total value of $1,197,163.32. Following the transaction, the insider now directly owns 4,793,933 shares of the company, valued at $11,169,863.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, accessible via the SEC website. Major shareholders who own more than 10% of a company’s stock are required to disclose their sales and purchases to the SEC.
Shares of SHPW Stock opened at $2.55 on Friday. Shapeways Holdings, Inc. has a fifty-two week low of $2.11 and a fifty-two week high of $12.81. The company’s 50-day moving average price is $2.82.
Large investors have recently increased or reduced their stakes in the stock. Verition Fund Management LLC acquired a new position in shares of Shapeways in Q3 worth $77,000. Goldman Sachs Group Inc. acquired a new position in shares of Shapeways in Q4 worth $40,000. Morgan Stanley acquired a new stock position in Shapeways in Q3 worth $120,000. Whitebox Advisors LLC acquired a new position in shares of Shapeways in Q3 worth $193,000. Finally, Northern Trust Corp acquired a new position in shares of Shapeways in Q4 worth $107,000. Institutional investors and hedge funds hold 77.73% of the company’s shares.
SHPW has been the subject of a number of research analyst reports. Craig Hallum lowered his price target on Shapeways from $10.00 to $5.00 in a Friday, April 1 report. Zacks Investment Research moved Shapeways from a “hold” rating to a “sell” rating in a research note on Wednesday. Lake Street Capital reduced its target price on Shapeways from $5.50 to $3.50 in a Friday, April 1 research note. Needham & Company LLC reduced its target price on Shapeways from $10.00 to $5.00 and set a “buy” rating for the company in a research note on Friday, April 1. Finally, Stifel Nicolaus lowered his target price on Shapeways from $12.00 to $4.50 in a Friday, April 1 research note.
About Shapeways (Get a rating)
Shapeways Holdings, Inc facilitates the design, manufacture and sale of 3D printed products in the United States, Europe and internationally. The company offers an end-to-end digital manufacturing platform where users can turn digital designs into physical products under the Otto brand.
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