TMC the metals company Inc. (NASDAQ:TMC) Insider Sells $69,500.00 in Stock

TMC the metals company Inc. (NASDAQ:TMC) insider Anthony O’sullivan sold 50,000 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now owns 896,829 shares in the company, valued at $1,246,592.31. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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 stock was 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 Trading Up 2.0 %

TMC opened at $1.55 on Friday. TMC the metals company Inc. has a one year low of $0.65 and a one year high of $3.20. The business’s 50 day moving average price is $1.58 and its 200 day moving average price is $1.38.

TMC the metals (NASDAQ:TMC) last announced its quarterly earnings results 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, analysts predict that TMC the metals company Inc. will post -0.2 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of TMC. Hubbell Strickland Wealth Management LLC lifted its holdings in shares of TMC the metals by 48.4% in the 1st quarter. Hubbell Strickland Wealth Management LLC now owns 39,559 shares of the company’s stock worth $57,000 after acquiring an additional 12,909 shares during the last quarter. Barclays PLC raised its position in TMC the metals by 142.0% in the third quarter. Barclays PLC now owns 35,065 shares of the company’s stock valued at $34,000 after purchasing an additional 20,573 shares during the period. Sunpointe LLC purchased a new position in shares of TMC the metals during the fourth quarter worth $25,000. Virtu Financial LLC acquired a new stake in shares of TMC the metals in the first quarter valued at $45,000. Finally, Arizona State Retirement System purchased a new stake in shares of TMC the metals in the 3rd quarter valued at $32,000. Hedge funds and other institutional investors own 4.39% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.