Price T Rowe Associates Inc. MD Has $49,000 Stock Position in Desktop Metal, Inc. (NYSE:DM)

Price T Rowe Associates Inc. MD cut its holdings in Desktop Metal, Inc. (NYSE:DM) by 35.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,750 shares of the pipeline company’s stock after selling 11,479 shares during the quarter. Price T Rowe Associates Inc. MD owned 0.06% of Desktop Metal worth $49,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Gabelli Funds LLC increased its holdings in shares of Desktop Metal by 19.5% during the fourth quarter. Gabelli Funds LLC now owns 432,706 shares of the pipeline company’s stock valued at $1,013,000 after acquiring an additional 70,758 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. increased its holdings in shares of Desktop Metal by 2.3% during the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 387,865 shares of the pipeline company’s stock valued at $908,000 after acquiring an additional 8,665 shares in the last quarter. Olympiad Research LP increased its holdings in shares of Desktop Metal by 99.6% during the fourth quarter. Olympiad Research LP now owns 203,252 shares of the pipeline company’s stock valued at $476,000 after acquiring an additional 101,419 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Desktop Metal during the fourth quarter valued at approximately $256,000. Finally, Renaissance Technologies LLC increased its holdings in shares of Desktop Metal by 65.5% during the fourth quarter. Renaissance Technologies LLC now owns 50,262 shares of the pipeline company’s stock valued at $118,000 after acquiring an additional 19,900 shares in the last quarter. 56.31% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Desktop Metal in a report on Tuesday, May 13th. They set a “hold” rating for the company.

Desktop Metal Trading Up 1.0%

Shares of Desktop Metal stock opened at $4.96 on Monday. The stock has a fifty day simple moving average of $4.48 and a 200 day simple moving average of $3.56. Desktop Metal, Inc. has a 12-month low of $1.84 and a 12-month high of $6.54. The company has a market capitalization of $165.37 million, a P/E ratio of -0.44 and a beta of 0.17. The company has a current ratio of 2.34, a quick ratio of 1.02 and a debt-to-equity ratio of 1.56.

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.