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

Charles Schwab Investment Management Inc. decreased its stake in Desktop Metal, Inc. (NYSE:DM) by 9.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 125,411 shares of the pipeline company’s stock after selling 12,738 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.38% of Desktop Metal worth $293,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DM. ABC Arbitrage SA acquired a new stake in shares of Desktop Metal in the fourth quarter valued at about $27,000. XTX Topco Ltd purchased a new position in Desktop Metal in the 3rd quarter valued at about $214,000. Olympiad Research LP boosted its holdings in Desktop Metal by 99.6% in the 4th quarter. Olympiad Research LP now owns 203,252 shares of the pipeline company’s stock worth $476,000 after buying an additional 101,419 shares during the last quarter. Finally, Murchinson Ltd. purchased a new stake in Desktop Metal during the 3rd quarter worth approximately $972,000. 56.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Desktop Metal from a “sell” rating to a “hold” rating in a research note on Saturday.

Desktop Metal Price Performance

Desktop Metal stock opened at $5.01 on Wednesday. The company has a current ratio of 2.34, a quick ratio of 1.02 and a debt-to-equity ratio of 1.56. The company has a 50-day moving average price of $2.64 and a 200 day moving average price of $3.51. Desktop Metal, Inc. has a 12-month low of $1.84 and a 12-month high of $11.80. The stock has a market cap of $166.87 million, a P/E ratio of -0.45 and a beta of 0.70.

About Desktop Metal

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.