Digimarc Corp (NASDAQ:DMRC) EVP Tony Rodriguez Sells 1,000 Shares

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Digimarc Corp (NASDAQ:DMRC) EVP Tony Rodriguez sold 1,000 shares of the business’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $33.00, for a total transaction of $33,000.00. Following the transaction, the executive vice president now directly owns 30,341 shares in the company, valued at $1,001,253. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

DMRC traded down $0.32 during trading on Wednesday, hitting $33.05. The company had a trading volume of 118,658 shares, compared to its average volume of 128,359. The company has a market cap of $423.37 million, a PE ratio of -11.53 and a beta of -0.04. The business has a 50-day moving average of $36.06 and a 200-day moving average of $43.32. Digimarc Corp has a 1-year low of $14.03 and a 1-year high of $66.50.

Digimarc (NASDAQ:DMRC) last posted its quarterly earnings results on Wednesday, October 30th. The information technology services provider reported ($0.65) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.71) by $0.06. The firm had revenue of $5.83 million for the quarter, compared to analysts’ expectations of $5.80 million. Digimarc had a negative net margin of 140.51% and a negative return on equity of 57.32%. Sell-side analysts predict that Digimarc Corp will post -2.81 earnings per share for the current year.

A number of research analysts have recently commented on the stock. Northland Securities reissued a “buy” rating and set a $40.00 target price on shares of Digimarc in a research report on Monday, November 4th. Needham & Company LLC reissued a “hold” rating on shares of Digimarc in a research report on Monday, November 4th. ValuEngine cut shares of Digimarc from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Finally, BidaskClub cut shares of Digimarc from a “hold” rating to a “sell” rating in a report on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. Digimarc currently has a consensus rating of “Hold” and an average target price of $48.10.

Several institutional investors have recently added to or reduced their stakes in DMRC. Bank of Montreal Can lifted its holdings in Digimarc by 780.6% in the 2nd quarter. Bank of Montreal Can now owns 1,092 shares of the information technology services provider’s stock valued at $49,000 after acquiring an additional 968 shares during the last quarter. Tower Research Capital LLC TRC increased its position in Digimarc by 1,710.0% in the third quarter. Tower Research Capital LLC TRC now owns 1,810 shares of the information technology services provider’s stock worth $71,000 after purchasing an additional 1,710 shares during the period. Aperio Group LLC acquired a new position in shares of Digimarc during the 2nd quarter worth about $72,000. Metropolitan Life Insurance Co NY bought a new stake in Digimarc in the 1st quarter valued at approximately $116,000. Finally, Parallax Volatility Advisers L.P. acquired a new position in shares of Digimarc during the 2nd quarter worth approximately $187,000. Institutional investors and hedge funds own 60.34% of the company’s stock.

Digimarc Company Profile

Digimarc Corporation provides media identification and management solutions to government and commercial customers in the United States and internationally. It offers Digimarc Intuitive Computing Platform, a comprehensive set of technologies for identifying, discovering, and interacting with digitally-enhanced media, which includes Digimarc Barcode, a method for imperceptibly enhancing packaging, print, images, thermal labels, audio, and other objects with data that is detected by enabled devices, such as smart phones, computers, barcode scanners, and machine-vision equipment.

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

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