Insider Selling: Michael W. English Sells 8,418 Shares of Zix Corp. Stock (ZIXI)
Zix Corp. (NASDAQ:ZIXI) CFO Michael W. English sold 8,418 shares of the stock on the open market in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $4.69, for a total transaction of $39,480.42. Following the completion of the sale, the chief financial officer now directly owns 71,000 shares in the company, valued at approximately $332,990. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Zix Corp. (NASDAQ:ZIXI) traded down 1.69% during mid-day trading on Tuesday, hitting $4.64. The stock had a trading volume of 291,677 shares. Zix Corp. has a 1-year low of $3.37 and a 1-year high of $5.03. The stock’s 50-day moving average is $4.59 and its 200-day moving average is $4.54. The company has a market cap of $283.2 million and a P/E ratio of 27.76.
Zix Corp. (NASDAQ:ZIXI) last announced its earnings results on Tuesday, February 18th. The company reported $0.06 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.06. The company had revenue of $12.30 million for the quarter, compared to the consensus estimate of $12.23 million. Analysts expect that Zix Corp. will post $0.12 EPS for the current fiscal year.
Separately, analysts at CRT Capital initiated coverage on shares of Zix Corp. in a research note on Monday, January 6th. They set a “buy” rating and a $7.00 price target on the stock.
Zix Corporation’s (NASDAQ:ZIXI), is engaged in the provision of email encryption services.
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