Insider Selling: Digimarc Co. (NASDAQ:DMRC) Director Sells 846 Shares of Stock

Digimarc Co. (NASDAQ:DMRC) Director Alicia Syrett sold 846 shares of the firm’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $25.83, for a total value of $21,852.18. Following the completion of the sale, the director now owns 19,841 shares of the company’s stock, valued at $512,493.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Alicia Syrett also recently made the following trade(s):

• On Wednesday, May 15th, Alicia Syrett sold 1,500 shares of Digimarc stock. The shares were sold at an average price of $25.48, for a total value of $38,220.00.
• On Thursday, May 9th, Alicia Syrett sold 3,000 shares of Digimarc stock. The shares were sold at an average price of $23.15, for a total value of $69,450.00.
• On Tuesday, May 7th, Alicia Syrett sold 1,500 shares of Digimarc stock. The shares were sold at an average price of $22.87, for a total value of $34,305.00.

Digimarc Stock Performance

Digimarc stock traded down $0.32 during midday trading on Thursday, reaching $26.56. The stock had a trading volume of 24,809 shares, compared to its average volume of 134,614. The firm’s fifty day simple moving average is $24.60 and its 200-day simple moving average is $31.46. Digimarc Co. has a 1-year low of $21.00 and a 1-year high of $43.43. The stock has a market capitalization of $567.59 million, a P/E ratio of -12.92 and a beta of 1.18.

Digimarc (NASDAQ:DMRC) last posted its quarterly earnings results on Wednesday, February 28th. The information technology services provider reported ($0.41) earnings per share for the quarter. The company had revenue of $9.28 million for the quarter. Digimarc had a negative return on equity of 46.01% and a negative net margin of 114.38%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in DMRC. Tower Research Capital LLC TRC lifted its position in shares of Digimarc by 18.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,824 shares of the information technology services provider’s stock valued at $102,000 after acquiring an additional 443 shares during the period. SG Americas Securities LLC acquired a new position in shares of Digimarc during the 4th quarter worth $133,000. Barclays PLC raised its holdings in shares of Digimarc by 79.0% during the 3rd quarter. Barclays PLC now owns 5,070 shares of the information technology services provider’s stock worth $165,000 after buying an additional 2,238 shares in the last quarter. McCollum Christoferson Group LLC acquired a new position in shares of Digimarc during the 3rd quarter worth $231,000. Finally, Kestra Advisory Services LLC acquired a new position in Digimarc in the 3rd quarter worth about $240,000. 66.85% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on DMRC shares. Craig Hallum decreased their price target on Digimarc from $35.00 to $28.00 and set a “hold” rating on the stock in a report on Friday, May 3rd. Needham & Company LLC restated a “hold” rating on shares of Digimarc in a report on Monday, May 6th.

Digimarc Company Profile

Digimarc Corporation, together with its subsidiaries, provides automatic identification solutions to commercial and government customers in the United States and internationally. The company offers Digimarc Validate protects, a cloud-based record of product authentication information; Digimarc Engage, an interactive communications channel connecting brands and consumers; and Digimarc Recycle.