Alicia Syrett Sells 1,500 Shares of Digimarc Co. (NASDAQ:DMRC) Stock

Digimarc Co. (NASDAQ:DMRCGet Free Report) Director Alicia Syrett sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $25.48, for a total transaction of $38,220.00. Following the sale, the director now owns 20,687 shares in the company, valued at approximately $527,104.76. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

  • On Thursday, May 9th, Alicia Syrett sold 3,000 shares of Digimarc stock. The stock was sold at an average price of $23.15, for a total transaction 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 transaction of $34,305.00.

Digimarc Price Performance

DMRC stock opened at $25.23 on Friday. The company’s fifty day moving average price is $24.86 and its 200-day moving average price is $31.48. Digimarc Co. has a one year low of $21.00 and a one year high of $43.43.

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

Institutional Investors Weigh In On Digimarc

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

Wall Street Analyst Weigh In

A number of research firms have commented on DMRC. 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 reissued a “hold” rating on shares of Digimarc in a research note on Monday, May 6th.

Check Out Our Latest Stock Analysis on DMRC

About Digimarc

(Get Free Report)

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.

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