Anthony O’sullivan Sells 25,000 Shares of TMC the metals company Inc. (NASDAQ:TMC) Stock

TMC the metals company Inc. (NASDAQ:TMC) insider Anthony O’sullivan sold 25,000 shares of the stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $1.48, for a total value of $37,000.00. Following the transaction, the insider now owns 846,829 shares of the company’s stock, valued at $1,253,306.92. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Tuesday, May 21st, Anthony O’sullivan sold 50,000 shares of TMC the metals stock. The stock was sold at an average price of $1.39, for a total value of $69,500.00.
• 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 2.0 %

TMC stock opened at $1.55 on Friday. The business’s 50-day moving average is $1.58 and its two-hundred day moving average is $1.38. TMC the metals company Inc. has a 1 year low of $0.65 and a 1 year high of $3.20.

TMC the metals (NASDAQ:TMC) last posted its quarterly earnings results on Monday, March 25th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.05. On average, equities research analysts predict that TMC the metals company Inc. will post -0.2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On TMC the metals

Several hedge funds and other institutional investors have recently made changes to their positions in TMC. Sunpointe LLC acquired a new stake in shares of TMC the metals during the 4th quarter worth about $25,000. Arizona State Retirement System acquired a new stake in shares of TMC the metals during the 3rd quarter worth about $32,000. Barclays PLC raised its position 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 in the last quarter. Virtu Financial LLC acquired a new stake in shares of TMC the metals during the 1st quarter worth about $45,000. Finally, Ancora Advisors LLC acquired a new stake in shares of TMC the metals during the 3rd quarter worth about $50,000. Institutional investors and hedge funds own 4.39% of the company’s stock.

About TMC the metals

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.