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Joseph Andrew Need, chief operating officer of Shapeways Holdings (NYSE:SHPW), has sold a portion of his company's stock, according to a recent filing with the U.S. Securities and Exchange Commission. The transaction, which took place on March 12, sold 1,128 shares at $1.86 per share, for a total value of more than $2,000.
This sale was conducted automatically to cover withholding obligations related to the settlement of certain time-based restricted stock unit awards. Following this transaction, Nied still owns a total of 49,273 shares of her Shapeways Holdings, Inc. stock.
Investors often monitor insider sales as they can glean management's perspective on a company's current valuation and future prospects. Details of this transaction are disclosed in her SEC filing for those who wish to review the details of the stock sale.
Investment Pro Insights
In light of the recent insider sale in Shapeways Holdings, Inc., it's pertinent to highlight some key financial metrics, as well as InvestingPro's tips that provide the broader picture. Shapeways has a market capitalization of $85.08 billion and is a significant player in the industry. The company's price-to-earnings ratio (P/E) of 35.71 reflects the premium valuation that investors are willing to pay for its earnings. This is further evidenced by its trailing-twelve-month adjusted P/E ratio as of Q4 2023 of 34.82.
Additionally, Shapeways has demonstrated a consistent commitment to shareholders through its dividends. According to InvestingPro Tip, the company has increased dividends for his 31st consecutive year, indicating a strong and stable financial position. Additionally, Shapeways has maintained an impressive 46-year dividend streak, a testament to the company's long-term profitability and investor-friendly approach.
From a growth perspective, Shapeways' revenue growth rate over the past twelve months as of Q4 2023 was 4.08%, indicating a steady increase in sales. The company's gross profit margin for the same period was a solid 46.67%, demonstrating its ability to maintain profitability despite operating costs.
Investors looking for more comprehensive analysis and additional tips from InvestingPro, including insights on share buybacks, earnings multiples, and stock price volatility, can visit Shapeways' dedicated InvestingPro page at https://www.investing.com/pro/ SHPW). . There, investors can find a total of 17 additional her InvestingPro tips for even more information on their investment decisions. Also, if you want to enhance your investment toolkit, use coupon codes. pro news 24 Get an extra 10% off annual or biennial Pro and Pro+ subscriptions.
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