Insider Selling: TMC the metals company Inc. (NASDAQ:TMC) Insider Sells 50,000 Shares of Stock

TMC the metals company Inc. (NASDAQ:TMCGet Free Report) insider Anthony O’sullivan sold 50,000 shares of the stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $1.39, for a total value of $69,500.00. Following the completion of the sale, the insider now owns 896,829 shares of the company’s stock, valued at approximately $1,246,592.31. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Anthony O’sullivan also recently made the following trade(s):

  • On Thursday, May 23rd, Anthony O’sullivan sold 25,000 shares of TMC the metals stock. The shares were sold at an average price of $1.48, for a total value of $37,000.00.
  • On Thursday, March 28th, Anthony O’sullivan sold 50,000 shares of TMC the metals stock. The stock was sold at an average price of $1.33, for a total value of $66,500.00.

TMC the metals Stock Up 4.8 %

NASDAQ TMC traded up $0.07 during trading on Thursday, hitting $1.52. 1,819,134 shares of the stock traded hands, compared to its average volume of 1,782,175. TMC the metals company Inc. has a 12-month low of $0.65 and a 12-month high of $3.20. The firm has a 50-day simple moving average of $1.58 and a 200-day simple moving average of $1.37. The company has a market capitalization of $487.18 million, a P/E ratio of -5.43 and a beta of 1.74.

TMC the metals (NASDAQ:TMCGet Free Report) last released its quarterly earnings data on Monday, March 25th. The company reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.05. As a group, research analysts predict that TMC the metals company Inc. will post -0.2 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Wedbush restated a “neutral” rating and set a $4.00 target price on shares of TMC the metals in a research report on Thursday, May 16th.

Check Out Our Latest Research Report on TMC the metals

Hedge Funds Weigh In On TMC the metals

Institutional investors and hedge funds have recently modified their holdings of the stock. Barclays PLC lifted its stake in shares of TMC the metals by 142.0% during the 3rd quarter. Barclays PLC now owns 35,065 shares of the company’s stock worth $34,000 after acquiring an additional 20,573 shares during the last quarter. Swiss National Bank bought a new position in shares of TMC the metals in the third quarter worth about $245,000. Arizona State Retirement System purchased a new stake in TMC the metals in the 3rd quarter valued at about $32,000. Ancora Advisors LLC purchased a new position in shares of TMC the metals during the third quarter worth approximately $50,000. Finally, Virtu Financial LLC bought a new stake in shares of TMC the metals during the first quarter valued at approximately $45,000. Hedge funds and other institutional investors own 4.39% of the company’s stock.

TMC the metals Company Profile

(Get Free Report)

TMC the metals company Inc, a deep-sea minerals exploration company, focuses on the collection, processing, and refining of polymetallic nodules found on the seafloor in California. It primarily explores for nickel, cobalt, copper, and manganese products. The company holds exploration and commercial rights in three polymetallic nodule contract areas in the Clarion Clipperton Zone of the Pacific Ocean.

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