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In a recent transaction, Velo3D, Inc. (NYSE:VLD) Interim CEO Bradley Allen Kreger sold the company's common stock for a gain of over $6,000. The sale took place on March 18, 2024, and was disclosed in a filing with the Securities and Exchange Commission.
Mr. Kreger sold 13,590 shares at a price of $0.4645 per share, for a total value of approximately $6,312. This sale was conducted to cover tax liabilities related to the settlement of restricted stock units (RSUs), as indicated in the footnotes of the filing. After stock awards vest, it is common practice for management to sell stock to satisfy tax obligations.
On the same day, Kreger also entered into transactions involving RSUs, which represent a contingent right to receive the issuer's common stock without consideration upon settlement. The RSUs are scheduled to vest in 12 equal monthly installments over his one year period beginning January 18, 2024, and are dependent on Mr. Kreger's continued service to the Company on each vesting date. .
These transactions are part of the day-to-day financial management of stock-based compensation and are often expected by the market. It is important to note that the motivations for insider trading vary and should not be taken as the sole indicator of a company's performance or future stock price movement.
Investors and market watchers regularly monitor insider trading to gain insight into management's views on a company's prospects. Velo3D, which specializes in specialty industrial machinery, is incorporated in Delaware and headquartered in Fremont, California. The company's address and email address are both located at 2710 Lakeview Court, Fremont, CA 94538.
Investment Pro Insights
As Velo3D, Inc. (NYSE:VLD) enters its fiscal year, recent data from InvestingPro highlights some metrics and trends worth noting. The company's market capitalization is currently modest at $111.69 million, reflecting the size of its operations in the specialty industrial machinery sector. Despite the challenges, VLD has shown impressive revenue growth of 71.92% over the past 12 months as of Q3 2023, proving that it has the potential to grow sales even in a competitive environment. Masu.
InvestingPro Tip notes that VLD has more cash than debt on its balance sheet, indicating a strong liquidity position that can provide resilience in the face of market fluctuations. It is pointed out that there is. This is especially important for investors considering a company's financial health and strategic flexibility. Additionally, analysts are forecasting sales growth for the current fiscal year, suggesting optimism about VLD's ability to continue expanding its market presence.
However, it is also important to be aware of the risks associated with stock performance. VLD stock has experienced significant volatility, with a return of 34.66% over the past week, but a steep drop of 69.7% over the past six months. Investors should be aware of this high price volatility when considering investment decisions.
For those seeking more detailed analysis, InvestingPro offers additional tips on VLD, which can be accessed at https://www.investing.com/pro/VLD.Use our coupon code to leverage these insights to enhance your investment strategy pro news 24 Get an extra 10% off annual or biennial Pro and Pro+ subscriptions. A further 18 InvestingPro Tips are available to help investors get a comprehensive understanding of his VLD's financial situation.
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