Digimarc Corporation (DMRC) CEO Bruce L. Davis Sells 9,444 Shares
Digimarc Corporation (NASDAQ:DMRC) CEO Bruce L. Davis sold 9,444 shares of Digimarc stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $35.78, for a total value of $337,906.32. Following the completion of the transaction, the chief executive officer now owns 87,014 shares in the company, valued at $3,113,360.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Digimarc Corporation (DMRC) opened at $35.75 on Wednesday. Digimarc Corporation has a 12 month low of $24.20 and a 12 month high of $41.75.
Digimarc (NASDAQ:DMRC) last issued its quarterly earnings results on Thursday, October 26th. The information technology services provider reported ($0.39) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.69) by $0.30. The firm had revenue of $8.68 million for the quarter, compared to analyst estimates of $5.72 million. Digimarc had a negative return on equity of 30.98% and a negative net margin of 90.69%. The company’s quarterly revenue was up 55.6% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.55) earnings per share. analysts forecast that Digimarc Corporation will post -2.32 EPS for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wolverine Trading LLC acquired a new stake in Digimarc during the second quarter valued at approximately $272,000. Alliancebernstein L.P. acquired a new stake in Digimarc during the second quarter valued at approximately $301,000. The Manufacturers Life Insurance Company boosted its holdings in Digimarc by 6.9% during the second quarter. The Manufacturers Life Insurance Company now owns 8,339 shares of the information technology services provider’s stock valued at $334,000 after purchasing an additional 540 shares in the last quarter. Rhumbline Advisers boosted its holdings in Digimarc by 7.9% during the second quarter. Rhumbline Advisers now owns 11,265 shares of the information technology services provider’s stock valued at $452,000 after purchasing an additional 820 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in Digimarc by 2.1% during the first quarter. Bank of America Corp DE now owns 20,857 shares of the information technology services provider’s stock valued at $563,000 after purchasing an additional 431 shares in the last quarter. 56.00% of the stock is currently owned by institutional investors.
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Digimarc Company Profile
Digimarc Corporation (Digimarc) enables governments and enterprises to give digital identities to media and objects that computers can sense and recognize. The Company’s Digimarc Discover, Digimarc Barcode and Intuitive Computing Platform are designed to optimize the identification of consumer brand impressions, facilitating mobile-centric shopping.
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