Sphera Management Technology Funds Ltd Invests $1.12 Million in Nano Dimension Ltd. (NASDAQ:NNDM)

Sphera Management Technology Funds Ltd acquired a new position in Nano Dimension Ltd. (NASDAQ:NNDM - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 451,947 shares of the technology company's stock, valued at approximately $1,121,000. Sphera Management Technology Funds Ltd owned 0.21% of Nano Dimension as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Anson Funds Management LP grew its holdings in shares of Nano Dimension by 3.1% during the fourth quarter. Anson Funds Management LP now owns 19,662,867 shares of the technology company's stock valued at $48,764,000 after buying an additional 598,957 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Nano Dimension by 0.7% during the fourth quarter. Ameriprise Financial Inc. now owns 2,560,820 shares of the technology company's stock valued at $6,351,000 after buying an additional 17,700 shares during the last quarter. Arete Wealth Advisors LLC grew its holdings in shares of Nano Dimension by 3.6% during the fourth quarter. Arete Wealth Advisors LLC now owns 914,559 shares of the technology company's stock valued at $2,259,000 after buying an additional 32,025 shares during the last quarter. Alpine Global Management LLC purchased a new stake in shares of Nano Dimension during the fourth quarter valued at approximately $2,128,000. Finally, Renaissance Technologies LLC grew its holdings in shares of Nano Dimension by 606.8% during the fourth quarter. Renaissance Technologies LLC now owns 579,600 shares of the technology company's stock valued at $1,437,000 after buying an additional 497,600 shares during the last quarter. Hedge funds and other institutional investors own 33.89% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded shares of Nano Dimension from a "hold" rating to a "sell" rating in a research report on Saturday.

Nano Dimension Price Performance

Nano Dimension stock traded down $0.04 during midday trading on Friday, reaching $1.55. 887,132 shares of the company traded hands, compared to its average volume of 1,611,679. The firm has a market capitalization of $329.31 million, a price-to-earnings ratio of -3.78 and a beta of 1.73. The business has a 50 day moving average of $1.60 and a two-hundred day moving average of $2.07. Nano Dimension Ltd. has a 12 month low of $1.34 and a 12 month high of $2.74.

Nano Dimension (NASDAQ:NNDM - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The technology company reported ($0.04) earnings per share for the quarter. The company had revenue of $14.57 million for the quarter. Nano Dimension had a negative net margin of 152.86% and a negative return on equity of 9.57%.

About Nano Dimension

Nano Dimension Ltd., together with its subsidiaries, engages in additive manufacturing solutions in Israel and internationally. The company offers 3D printers, comprising AME systems, which are inkjet printers, that produces Hi-PEDs by depositing proprietary conductive and dielectric substances, as well as integrates in-situ capacitors, antennas, coils, transformers, and electromechanical components; micro additive manufacturing systems, a digital light processing printers (DLP) that achieves production-grade polymer and composite parts; and industrial additive manufacturing systems, that utilizes a patented foil system that fabricates ceramic and metal parts.