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Digimarc Corp. (NASDAQ:DMRC) CEO Bruce L. Davis sold 5,000 shares of the stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $31.37, for a total value of $156,850.00. Following the sale, the chief executive officer now directly owns 5,000 shares in the company, valued at approximately $156,850. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Digimarc Corp. (NASDAQ:DMRC) traded down 3.39% during mid-day trading on Monday, hitting $30.78. 57,155 shares of the company’s stock traded hands. Digimarc Corp. has a 1-year low of $17.85 and a 1-year high of $37.00. The stock has a 50-day moving average of $32.92 and a 200-day moving average of $27.65. The company’s market cap is $217.5 million.

Digimarc Corp. (NASDAQ:DMRC) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported ($0.29) earnings per share (EPS) for the quarter. The company had revenue of $7.20 million for the quarter, compared to the consensus estimate of $10.20 million. On average, analysts predict that Digimarc Corp. will post $-1.07 earnings per share for the current fiscal year.

A number of research firms have recently commented on DMRC. Analysts at Imperial Capital initiated coverage on shares of Digimarc Corp. in a research note on Friday, May 9th. They set an “outperform” rating and a $37.00 price target on the stock. Analysts at Vertical Group initiated coverage on shares of Digimarc Corp. in a research note on Wednesday, April 16th. They set a “buy” rating and a $43.00 price target on the stock.

Digimarc Corporation (NASDAQ:DMRC) enables governments and enterprises worldwide to give digital identities to media and objects that computers can sense and recognize and, to which they can react.

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