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.

A number of research firms have recently commented on DMRC. BidaskClub lowered Digimarc from a “hold” rating to a “sell” rating in a research note on Wednesday, December 6th. Zacks Investment Research lowered Digimarc from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Cowen set a $50.00 price objective on Digimarc and gave the stock a “buy” rating in a research note on Tuesday, October 24th. Finally, B. Riley reiterated a “buy” rating and issued a $44.00 price objective on shares of Digimarc in a research note on Friday, October 27th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. Digimarc presently has an average rating of “Hold” and a consensus price target of $45.33.

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.

COPYRIGHT VIOLATION NOTICE: This piece of content was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece of content on another site, it was illegally copied and republished in violation of U.S. and international trademark & copyright laws. The original version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/12/13/digimarc-corporation-dmrc-ceo-bruce-l-davis-sells-9444-shares.html.

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.

Insider Buying and Selling by Quarter for Digimarc (NASDAQ:DMRC)

Receive News & Ratings for Digimarc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Digimarc and related companies with MarketBeat.com's FREE daily email newsletter.