Shapeways Holdings, Inc. (NYSE:SHPW – Get Rating) was down 3.7% on Thursday . The stock traded as low as $0.55 and last traded at $0.56. Approximately 72,481 shares were traded during mid-day trading, a decline of 39% from the average daily volume of 119,384 shares. The stock had previously closed at $0.58.

Analyst Upgrades and Downgrades

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

Shapeways Stock Performance

The business has a 50-day moving average of $0.57 and a 200 day moving average of $0.70.

Insider Transactions at Shapeways

In other Shapeways news, CEO Greg Kress bought 50,000 shares of Shapeways stock in a transaction that occurred 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 transaction, the chief executive officer now owns 411,144 shares of the company's stock, valued at approximately $263,132.16. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 29.30% of the company's stock.

Institutional Investors Weigh In On Shapeways

Institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC acquired a new position in Shapeways during the first quarter valued at approximately $61,000. State Street Corp acquired a new position in shares of Shapeways during the first quarter worth $63,000. Marquette Asset Management LLC purchased a new position in shares of Shapeways in the third quarter valued at $123,000. Finally, Vanguard Group Inc. boosted its stake in shares of Shapeways by 8.6% in the first 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. Hedge funds and other institutional investors own 21.21% of the company's stock.

Shapeways Company Profile

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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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