zSpace (NASDAQ:ZSPC) CEO Paul Kellenberger Sells 10,852 Shares

zSpace, Inc (NASDAQ:ZSPC) CEO Paul Kellenberger sold 10,852 shares of the firm’s stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $0.99, for a total transaction of $10,743.48. Following the completion of the sale, the chief executive officer directly owned 43,738 shares of the company’s stock, valued at approximately $43,300.62. This represents a 19.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Paul Kellenberger also recently made the following trade(s):

• On Tuesday, July 15th, Paul Kellenberger sold 1,407 shares of zSpace stock. The shares were sold at an average price of $2.79, for a total transaction of $3,925.53.
• On Monday, July 14th, Paul Kellenberger sold 1,415 shares of zSpace stock. The shares were sold at an average price of $2.77, for a total transaction of $3,919.55.
• On Monday, July 14th, Paul Kellenberger sold 1,415 shares of zSpace stock. The shares were sold at an average price of $2.77, for a total transaction of $3,919.55.
• On Friday, July 11th, Paul Kellenberger sold 1,384 shares of zSpace stock. The shares were sold at an average price of $2.76, for a total transaction of $3,819.84.
• On Thursday, July 10th, Paul Kellenberger sold 1,383 shares of zSpace stock. The shares were sold at an average price of $2.83, for a total transaction of $3,913.89.

zSpace Stock Up 5.9%

ZSPC opened at $1.07 on Thursday. The company has a fifty day moving average price of $1.83 and a two-hundred day moving average price of $4.51. zSpace, Inc has a 52 week low of $0.87 and a 52 week high of $32.69.

zSpace (NASDAQ:ZSPC) last released its earnings results on Thursday, August 14th. The company reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.11). The business had revenue of $7.46 million for the quarter, compared to analysts’ expectations of $7.59 million.

Wall Street Analyst Weigh In

ZSPC has been the subject of a number of analyst reports. Barrington Research reaffirmed an “outperform” rating and set a $5.00 target price on shares of zSpace in a report on Tuesday, September 23rd. Roth Capital reaffirmed a “buy” rating and set a $5.00 target price (down previously from $12.00) on shares of zSpace in a report on Friday, August 15th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of zSpace in a report on Wednesday. Finally, Wall Street Zen lowered shares of zSpace from a “hold” rating to a “sell” rating in a report on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $10.00.

Institutional Investors Weigh In On zSpace

An institutional investor recently bought a new position in zSpace stock. Invesco Ltd. acquired a new stake in zSpace, Inc (NASDAQ:ZSPC) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 22,930 shares of the company’s stock, valued at approximately $170,000. Invesco Ltd. owned approximately 0.10% of zSpace at the end of the most recent quarter.

zSpace Company Profile

zSpace Technologies, Inc is a provider of commercial augmented reality and virtual reality technology principally in the education market. The Company offers differentiated hardware along with learning software modules for K-12 science, technology, engineering, game design and mathematics applications, as well as workforce-oriented career and technical education applications.