Desktop Metal, Inc. (NYSE:DM) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. reduced its stake in shares of Desktop Metal, Inc. (NYSE:DM) by 7.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 138,149 shares of the pipeline company’s stock after selling 10,982 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Desktop Metal were worth $645,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Headlands Technologies LLC purchased a new stake in shares of Desktop Metal in the 2nd quarter worth about $25,000. Point72 DIFC Ltd acquired a new position in Desktop Metal during the second quarter worth about $68,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Desktop Metal in the second quarter valued at approximately $150,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Desktop Metal in the second quarter valued at approximately $208,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Desktop Metal during the 2nd quarter worth approximately $229,000. 56.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com upgraded Desktop Metal from a “sell” rating to a “hold” rating in a report on Thursday, December 12th.

Desktop Metal Price Performance

Desktop Metal stock opened at $3.47 on Thursday. The firm’s 50-day moving average is $4.42 and its two-hundred day moving average is $4.52. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.34 and a quick ratio of 1.02. The stock has a market capitalization of $115.69 million, a P/E ratio of -0.31 and a beta of 0.55. Desktop Metal, Inc. has a 12-month low of $3.23 and a 12-month high of $11.80.

Desktop Metal Profile

Desktop Metal, Inc manufactures and sells additive manufacturing technologies for engineers, designers, and manufacturers in the Americas, Europe, the Middle East, Africa, and the Asia- Pacific. The company offers Shop System, an entry-level metal 3D printing using binder jetting; X-series platform that provides binder jet 3D printing of specialty materials, including metals and ceramics, and tools; and P-Series offers high-speed metal 3D printing.