Insider Selling: zSpace (NASDAQ:ZSPC) CEO Sells $10,743.48 in Stock

zSpace, Inc (NASDAQ:ZSPC) CEO Paul Kellenberger sold 10,852 shares of the stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $0.99, for a total value of $10,743.48. Following the sale, the chief executive officer directly owned 43,738 shares of the company’s stock, valued at $43,300.62. The trade was a 19.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 stock was sold at an average price of $2.79, for a total value 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 value 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 value 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 value 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 value of $3,913.89.

zSpace Stock Down 16.0%

Shares of ZSPC opened at $1.24 on Friday. zSpace, Inc has a twelve month low of $0.87 and a twelve month high of $32.69. The stock’s 50 day moving average is $1.77 and its two-hundred day moving average is $4.38.

zSpace (NASDAQ:ZSPC) last announced its quarterly earnings data on Thursday, August 14th. The company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.11). The business had revenue of $7.46 million during the quarter, compared to the consensus estimate of $7.59 million.

Institutional Investors Weigh In On zSpace

A hedge fund recently bought a new stake in zSpace stock. Invesco Ltd. bought a new stake in zSpace, Inc (NASDAQ:ZSPC) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 22,930 shares of the company’s stock, valued at approximately $170,000. Invesco Ltd. owned approximately 0.10% of zSpace as of its most recent filing with the Securities and Exchange Commission.

Analyst Upgrades and Downgrades

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

About zSpace

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.