Shapeways Holdings, Inc. (NYSE:SHPW – Get Rating)'s share price rose 6.2% during trading on Wednesday . The company traded as high as $0.58 and last traded at $0.57. Approximately 176,632 shares changed hands during trading, an increase of 9% from the average daily volume of 161,398 shares. The stock had previously closed at $0.54.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC dropped their price target on Shapeways from $3.00 to $1.75 and set a "buy" rating on the stock in a report on Wednesday, November 16th.

Shapeways Price Performance

The stock has a market capitalization of $28.22 million, a P/E ratio of -2.05 and a beta of 0.72. The company has a 50 day simple moving average of $0.58 and a 200-day simple moving average of $0.77.

Insider Buying and Selling at Shapeways

In other news, CEO Greg Kress bought 50,000 shares of the stock in a transaction on Monday, December 5th. The shares were purchased at an average cost of $0.64 per share, for a total transaction of $32,000.00. Following the completion of the purchase, the chief executive officer now directly owns 411,144 shares in the company, valued at approximately $263,132.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 29.30% of the company's stock.

Institutional Trading of Shapeways

A number of hedge funds and other institutional investors have recently made changes to their positions in SHPW. Vanguard Group Inc. raised its stake in shares of Shapeways by 8.6% during the 1st quarter. Vanguard Group Inc. now owns 528,972 shares of the company's stock valued at $1,513,000 after purchasing an additional 41,930 shares during the period. Renaissance Technologies LLC bought a new stake in shares of Shapeways during the 1st quarter valued at $61,000. State Street Corp bought a new stake in shares of Shapeways during the 1st quarter valued at $63,000. ARK Investment Management LLC raised its stake in shares of Shapeways by 97.3% during the 2nd quarter. ARK Investment Management LLC now owns 2,697,863 shares of the company's stock valued at $4,398,000 after purchasing an additional 1,330,412 shares during the period. Finally, Marquette Asset Management LLC bought a new stake in shares of Shapeways during the 3rd quarter valued at $123,000. 21.21% of the stock is currently owned by institutional investors.

Shapeways Company Profile

(Get 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 on which the users can transform digital designs into physical products under the Otto brand.

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