Digimarc Co. (NASDAQ:DMRC) Director Sells $38,220.00 in Stock

Digimarc Co. (NASDAQ:DMRCGet Free Report) Director Alicia Syrett sold 1,500 shares of the company’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 value of $38,220.00. Following the transaction, the director now directly owns 20,687 shares of the company’s stock, valued at $527,104.76. The sale was disclosed in a filing with the SEC, which is available through 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 stock was sold at an average price of $22.87, for a total transaction of $34,305.00.

Digimarc Price Performance

NASDAQ DMRC opened at $25.23 on Friday. The business has a fifty day moving average price of $24.86 and a 200 day moving average price of $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 posted its quarterly earnings results on Wednesday, February 28th. The information technology services provider reported ($0.41) earnings per share for the quarter. The business had revenue of $9.28 million during the quarter. Digimarc had a negative return on equity of 46.01% and a negative net margin of 114.38%.

Analyst Ratings Changes

A number of research firms have recently commented on DMRC. Craig Hallum cut their target price on shares of Digimarc from $35.00 to $28.00 and set a “hold” rating for the company in a research note on Friday, May 3rd. Needham & Company LLC reiterated a “hold” rating on shares of Digimarc in a research note on Monday, May 6th.

Get Our Latest Stock Analysis on Digimarc

Institutional Investors Weigh In On Digimarc

Large investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. boosted its stake in Digimarc by 1,834.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 547,966 shares of the information technology services provider’s stock worth $19,793,000 after buying an additional 519,643 shares during the last quarter. Silverberg Bernstein Capital Management LLC acquired a new position in shares of Digimarc during the 4th quarter valued at about $15,531,000. Beaconlight Capital LLC grew its holdings in shares of Digimarc by 34.7% in the first quarter. Beaconlight Capital LLC now owns 778,017 shares of the information technology services provider’s stock valued at $21,147,000 after purchasing an additional 200,251 shares during the period. Woodson Capital Management LP acquired a new stake in Digimarc during the first quarter worth about $2,718,000. Finally, EAM Investors LLC raised its stake in Digimarc by 61.1% during the third quarter. EAM Investors LLC now owns 97,592 shares of the information technology services provider’s stock worth $3,171,000 after purchasing an additional 37,024 shares during the period. 66.85% of the stock is currently owned by hedge funds and other institutional investors.

Digimarc Company Profile

(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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