Insider Selling: Russell J. Morgan Unloads 6,430 Shares of Zix Corp. Stock (ZIXI)
Zix Corp. (NASDAQ:ZIXI) VP Russell J. Morgan sold 6,430 shares of Zix Corp. stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $4.71, for a total transaction of $30,285.30. Following the completion of the transaction, the vice president now directly owns 2,500 shares in the company, valued at approximately $11,775. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Zix Corp. (NASDAQ:ZIXI) traded down 1.69% 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 has a 50-day moving average of $4.59 and a 200-day moving average of $4.54. The company has a market cap of $283.2 million and a price-to-earnings 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 (EPS) for the quarter, meeting the 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. On average, analysts predict that Zix Corp. will post $0.12 earnings per share 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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