Christopher Iain Parkinson Sells 11,663 Shares of Vuzix (NASDAQ:VUZI) Stock

Vuzix Corporation (NASDAQ:VUZI) insider Christopher Iain Parkinson sold 11,663 shares of the stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $2.69, for a total value of $31,373.47. Following the completion of the sale, the insider owned 131,130 shares in the company, valued at approximately $352,739.70. The trade was a 8.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Christopher Iain Parkinson also recently made the following trade(s):

• On Monday, December 22nd, Christopher Iain Parkinson sold 9,457 shares of Vuzix stock. The stock was sold at an average price of $2.92, for a total value of $27,614.44.

Vuzix Price Performance

Shares of NASDAQ VUZI opened at $2.61 on Friday. The company has a market cap of $209.14 million, a price-to-earnings ratio of -5.67 and a beta of 1.40. The stock’s 50-day moving average is $2.98 and its two-hundred day moving average is $2.90. Vuzix Corporation has a 1-year low of $1.47 and a 1-year high of $4.29.

Institutional Investors Weigh In On Vuzix

Hedge funds and other institutional investors have recently made changes to their positions in the business. State Street Corp lifted its stake in Vuzix by 373.7% during the fourth quarter. State Street Corp now owns 7,226,194 shares of the company’s stock worth $27,315,000 after purchasing an additional 5,700,613 shares during the last quarter. Millennium Management LLC lifted its position in shares of Vuzix by 278.1% during the 1st quarter. Millennium Management LLC now owns 1,911,972 shares of the company’s stock worth $3,900,000 after buying an additional 1,406,234 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Vuzix in the 2nd quarter valued at $3,547,000. AIGH Capital Management LLC purchased a new position in shares of Vuzix in the 3rd quarter valued at $2,813,000. Finally, Geode Capital Management LLC grew its position in shares of Vuzix by 101.7% in the 2nd quarter. Geode Capital Management LLC now owns 1,519,934 shares of the company’s stock valued at $4,439,000 after buying an additional 766,420 shares during the last quarter. Institutional investors and hedge funds own 35.87% of the company’s stock.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Vuzix from a “sell” rating to a “hold” rating in a report on Sunday, February 22nd. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Vuzix Company Profile

Vuzix Corporation (NASDAQ: VUZI) is a technology company specializing in the design, development and manufacture of wearable display devices and smart glasses. Headquartered in Rochester, New York, Vuzix focuses on next-generation augmented reality (AR) and virtual reality (VR) solutions that enable hands-free access to video, data and applications. Its products integrate high-resolution optics, onboard sensors and wireless connectivity to support immersive visual experiences for professional and consumer use.

Vuzix’s product portfolio includes smart glasses and head-mounted displays such as the Vuzix Blade series and the M400 family.