TMC the metals company Inc. (NASDAQ:TMC) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC decreased its holdings in TMC the metals company Inc. (NASDAQ:TMC) by 50.0% in the 4th quarter, HoldingsChannel reports. The firm owned 26,050 shares of the company’s stock after selling 26,050 shares during the quarter. Corient Private Wealth LLC’s holdings in TMC the metals were worth $29,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Oppenheimer & Co. Inc. bought a new stake in shares of TMC the metals in the 4th quarter worth approximately $28,000. Raymond James Financial Inc. acquired a new position in TMC the metals in the fourth quarter worth approximately $28,000. Independent Advisor Alliance bought a new position in shares of TMC the metals in the fourth quarter valued at $42,000. Virtu Financial LLC acquired a new stake in shares of TMC the metals during the 3rd quarter valued at $44,000. Finally, SBI Securities Co. Ltd. bought a new stake in shares of TMC the metals during the 4th quarter worth $94,000. 4.39% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at TMC the metals

In other TMC the metals news, CFO Craig Shesky sold 353,702 shares of the firm’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $1.66, for a total value of $587,145.32. Following the completion of the sale, the chief financial officer now owns 1,145,717 shares in the company, valued at approximately $1,901,890.22. This trade represents a 23.59 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 30.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on TMC shares. Wedbush restated a “neutral” rating and issued a $4.00 price target on shares of TMC the metals in a research report on Friday, March 28th. Alliance Global Partners initiated coverage on TMC the metals in a report on Wednesday, January 15th. They issued a “buy” rating and a $3.75 target price for the company.

TMC the metals Stock Up 16.9 %

NASDAQ:TMC opened at $1.94 on Thursday. The company’s 50 day moving average is $1.79 and its 200-day moving average is $1.28. TMC the metals company Inc. has a 12 month low of $0.72 and a 12 month high of $2.55. The firm has a market cap of $629.07 million, a price-to-earnings ratio of -6.26 and a beta of 1.52.

TMC the metals (NASDAQ:TMC) last announced its earnings results on Thursday, March 27th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.01. The company had revenue of ($20.18) million for the quarter. Research analysts predict that TMC the metals company Inc. will post -0.22 EPS for the current fiscal year.

TMC the metals Profile

TMC the metals company Inc, a deep-sea minerals exploration company, focuses on the collection, processing, and refining of polymetallic nodules found on the seafloor in California. It primarily explores for nickel, cobalt, copper, and manganese products. The company holds exploration and commercial rights in three polymetallic nodule contract areas in the Clarion Clipperton Zone of the Pacific Ocean.