Insider Trading April 17, 2026 04:49 PM

AQR Capital trims and adds to zSpace stake amid weak revenue and reverse split plan

Manager executes small sales and a large purchase in mid-April as zSpace reports steep revenue decline and announces 1-for-25 reverse split

By Priya Menon ZSPC
AQR Capital trims and adds to zSpace stake amid weak revenue and reverse split plan
ZSPC

AQR Capital Management reported both sales and a substantial purchase of zSpace, Inc. (NASDAQ: ZSPC) common stock on April 15-16, 2026. The firm sold a small quantity of shares across two days for a combined $519 while simultaneously acquiring a much larger block for $61,110. After these transactions AQR holds 4,756,327 shares. The developments come as zSpace disclosed a 43% year-over-year revenue decline for Q4 2025, improved gross margins, and a 1-for-25 reverse stock split intended to meet Nasdaq minimum bid requirements.

Key Points

  • AQR Capital Management sold 7,117 shares at $0.071 on April 15 and 161 shares at $0.087 on April 16, 2026, for a combined $519.
  • On April 15, AQR also bought 860,716 shares at $0.071 per share for $61,110; post-trade holdings are 4,756,327 shares.
  • zSpace reported a 43% year-over-year revenue decline in Q4 2025 to $4.8 million, improved gross margins by 8.4 percentage points, and announced a 1-for-25 reverse stock split effective April 21, 2026.

Summary: AQR Capital Management reported a pair of small sales and a larger acquisition of zSpace, Inc. (NASDAQ: ZSPC) common stock on April 15 and April 16, 2026, leaving the investment manager with 4,756,327 shares. The transactions occurred around prices of $0.071 to $0.087 per share and coincide with zSpace's disclosure of a sharp revenue drop for the fourth quarter of 2025 and a planned reverse stock split to address Nasdaq listing standards.

Transaction details

On April 15, AQR sold 7,117 shares of zSpace common stock at $0.071 per share. The next day, April 16, it sold an additional 161 shares at $0.087 per share. Those sales together were reported at a total value of $519. Concurrently on April 15, AQR also purchased 860,716 shares at $0.071 per share, representing a cash outlay of $61,110. Following these moves, AQR's reported holding in zSpace stands at 4,756,327 shares.

Market context and price action

According to InvestingPro data cited in the report, zSpace shares have been highly volatile. The stock is trading at $0.05 at present, and InvestingPro's analysis suggests that the shares may be undervalued at current levels. The shares have risen 18% over the past week even as they remain far lower for the year to date.

Company results and corporate actions

zSpace reported a 43% year-over-year decline in revenue for the fourth quarter of 2025, with total revenues of $4.8 million for the period. Despite the revenue contraction, the company improved its gross margins by 8.4 percentage points compared with the prior year. To address its low per-share trading price and comply with Nasdaq minimum bid price requirements, zSpace announced a 1-for-25 reverse stock split that will take effect on a split-adjusted basis beginning April 21, 2026. Trading will continue under the same ticker symbol, ZSPC, though the company has indicated there will be a new CUSIP number after the split.

Analyst commentary and headwinds

Roth/MKM revised its price target for zSpace to $0.50 from $3.00 while retaining a Buy rating. In its commentary the firm identified 2025 as a challenging year for zSpace, pointing to tariff-related supply chain disruptions and an extended government shutdown that affected K-12 funding as specific headwinds cited by the analyst.

Takeaway

The combination of AQR's simultaneous sale and large purchase, the company's recent operating results, and the planned reverse split frame a period of active capital and corporate-structural adjustments for zSpace. The reported transactions and company disclosures highlight ongoing volatility and regulatory-driven capital-management steps as zSpace navigates a difficult revenue environment.


Risks

  • Persistent low per-share trading price necessitating a reverse stock split - impacts small-cap equities and market listing compliance.
  • Tariff-related supply chain disruptions and reduced K-12 funding from an extended government shutdown - risks to education-focused hardware/software sales and industrial supply chains.
  • High share-price volatility and recent steep declines year-to-date despite short-term gains - market risk for shareholders and potential liquidity concerns.

More from Insider Trading

MapLight General Counsel Sells $49K in Stock as Analysts Monitor Upcoming Phase II Readout Apr 17, 2026 MapLight Therapeutics CSO Sells 4,413 Shares for $122,573 Amid Rally Apr 17, 2026 Copart CEO Disposes Nearly $870K in Stock; Exercises Options to Buy More Shares Apr 17, 2026 Schrödinger CFO Disposes of 844 Shares in Automated Plan; Holdings Remain Substantial Apr 17, 2026 MIAX CEO Executes $9.7 Million Stock Sale, Exercises Options Amid Strong Q4 Results Apr 17, 2026