Datawatch Corporation (NASDAQ:DWCH) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Tuesday.

According to Zacks, “Datawatch Corporation is a provider of Enterprise Reporting, Report Mining and Service Center software products that help organizations increase productivity, reduce costs and gain competitive advantages. Datawatch products are used in more than 20,000 companies, institutions and government agencies worldwide. Datawatch is best known for its popular report mining application called Monarch. Monarch lets users extract and manipulate data from ASCII report files produced on any mainframe, midrange, client/server or PC system. “

A number of other research firms have also recently weighed in on DWCH. Canaccord Genuity raised their price target on shares of Datawatch Corporation from $8.50 to $10.00 and gave the company a “hold” rating in a report on Thursday, July 20th. ValuEngine upgraded shares of Datawatch Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 2nd.

Shares of Datawatch Corporation (DWCH) traded up 2.35% on Tuesday, reaching $10.90. 86,257 shares of the company’s stock traded hands. Datawatch Corporation has a 12-month low of $5.25 and a 12-month high of $11.98. The stock has a 50-day moving average price of $10.24 and a 200-day moving average price of $8.94. The company’s market cap is $132.97 million.

Datawatch Corporation (NASDAQ:DWCH) last released its quarterly earnings results on Wednesday, July 19th. The technology company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.08. Datawatch Corporation had a negative net margin of 14.74% and a negative return on equity of 10.87%. The business had revenue of $9.10 million for the quarter, compared to analysts’ expectations of $8.83 million. The firm’s quarterly revenue was up 23.0% compared to the same quarter last year. Equities research analysts anticipate that Datawatch Corporation will post ($0.10) EPS for the current fiscal year.

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In related news, CEO Michael Anthony Morrison sold 14,202 shares of Datawatch Corporation stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $9.61, for a total value of $136,481.22. Following the completion of the sale, the chief executive officer now directly owns 170,001 shares in the company, valued at approximately $1,633,709.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard De J. Osborne sold 18,000 shares of Datawatch Corporation stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $11.27, for a total transaction of $202,860.00. The disclosure for this sale can be found here. Insiders sold a total of 108,278 shares of company stock valued at $1,177,891 over the last quarter. 17.69% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in DWCH. Algert Global LLC acquired a new stake in Datawatch Corporation in the 2nd quarter worth approximately $103,000. KCG Holdings Inc. boosted its stake in Datawatch Corporation by 5.7% in the 1st quarter. KCG Holdings Inc. now owns 17,390 shares of the technology company’s stock worth $146,000 after purchasing an additional 939 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Datawatch Corporation by 10.4% in the 1st quarter. Bank of New York Mellon Corp now owns 17,546 shares of the technology company’s stock worth $148,000 after purchasing an additional 1,649 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Datawatch Corporation by 25.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 21,276 shares of the technology company’s stock worth $179,000 after purchasing an additional 4,357 shares in the last quarter. Finally, Concourse Capital Management LLC acquired a new stake in Datawatch Corporation in the 1st quarter worth approximately $228,000. Institutional investors own 40.69% of the company’s stock.

About Datawatch Corporation

Datawatch Corporation is engaged in the design, development, marketing, distribution and support of business computer software primarily for the self-service data preparation and visual data discovery markets. The Company also provides services, including implementation and support of its software products, as well as training on their use and administration.

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