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

zSpace, Inc (NASDAQ:ZSPC) CEO Paul Kellenberger sold 10,852 shares of the stock in a transaction on Monday, October 6th. The shares were sold at an average price of $0.99, for a total value of $10,743.48. Following the completion of the transaction, the chief executive officer directly owned 43,738 shares in the company, valued at approximately $43,300.62. This trade represents a 19.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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 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 Price Performance

ZSPC stock opened at $1.47 on Friday. The business’s fifty day moving average is $1.80 and its 200-day moving average is $4.44. zSpace, Inc has a twelve month low of $0.87 and a twelve month high of $32.69.

zSpace (NASDAQ:ZSPC) last posted its quarterly earnings results 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 firm had revenue of $7.46 million during the quarter, compared to the consensus estimate of $7.59 million.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On zSpace

An institutional investor recently bought a new position in zSpace stock. Invesco Ltd. bought a new position in shares of zSpace, Inc (NASDAQ:ZSPC) in the first quarter, according to the company in its most recent filing with the SEC. 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 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.