Anthony O’sullivan Sells 25,000 Shares of TMC the metals company Inc. (NASDAQ:TMC) Stock

TMC the metals company Inc. (NASDAQ:TMCGet Free Report) insider Anthony O’sullivan sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $1.54, for a total value of $38,500.00. Following the completion of the sale, the insider now owns 821,829 shares of the company’s stock, valued at approximately $1,265,616.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Anthony O’sullivan also recently made the following trade(s):

  • On Friday, May 31st, Anthony O’sullivan sold 50,000 shares of TMC the metals stock. The shares were sold at an average price of $1.48, for a total transaction of $74,000.00.
  • On Thursday, May 23rd, Anthony O’sullivan sold 25,000 shares of TMC the metals stock. The shares were sold at an average price of $1.48, for a total value of $37,000.00.
  • On Tuesday, May 21st, Anthony O’sullivan sold 50,000 shares of TMC the metals stock. The stock was sold at an average price of $1.39, for a total value of $69,500.00.
  • On Thursday, March 28th, Anthony O’sullivan sold 50,000 shares of TMC the metals stock. The stock was sold at an average price of $1.33, for a total transaction of $66,500.00.

TMC the metals Trading Down 0.7 %

TMC the metals stock opened at $1.47 on Friday. TMC the metals company Inc. has a 52 week low of $0.65 and a 52 week high of $3.20. The firm’s 50-day simple moving average is $1.56 and its 200 day simple moving average is $1.39.

TMC the metals (NASDAQ:TMCGet Free Report) last announced its earnings results on Monday, March 25th. The company reported ($0.11) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.05. As a group, sell-side analysts predict that TMC the metals company Inc. will post -0.2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Wedbush reiterated a “neutral” rating and set a $4.00 price target on shares of TMC the metals in a research note on Thursday, May 16th.

Get Our Latest Research Report on TMC

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Swiss National Bank purchased a new position in TMC the metals during the third quarter worth $245,000. Ancora Advisors LLC purchased a new stake in shares of TMC the metals in the third quarter valued at $50,000. Arizona State Retirement System acquired a new stake in shares of TMC the metals during the third quarter valued at $32,000. Virtu Financial LLC purchased a new stake in TMC the metals during the 1st quarter worth about $45,000. Finally, Sunpointe LLC acquired a new position in TMC the metals in the 4th quarter valued at about $25,000. 4.39% of the stock is currently owned by institutional investors and hedge funds.

About TMC the metals

(Get Free Report)

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.

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