Zix Corp. VP James F. Brashear Unloads 7,499 Shares (ZIXI)
Zix Corp. (NASDAQ:ZIXI) VP James F. Brashear sold 7,499 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $3.80, for a total value of $28,496.20. Following the completion of the sale, the vice president now directly owns 54,000 shares of the company’s stock, valued at approximately $205,200. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Zix Corp. (NASDAQ:ZIXI) traded down 1.32% on Thursday, hitting $3.75. 250,085 shares of the company’s stock traded hands. Zix Corp. has a 52 week low of $2.90 and a 52 week high of $5.03. The stock’s 50-day moving average is $3.39 and its 200-day moving average is $3.77. The company has a market cap of $219.6 million and a P/E ratio of 23.46.
Zix Corp. (NASDAQ:ZIXI) last issued its earnings data on Tuesday, July 22nd. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.01. The company had revenue of $12.60 million for the quarter, compared to the consensus estimate of $12.45 million. During the same quarter in the previous year, the company posted $0.04 earnings per share. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. On average, analysts predict that Zix Corp. will post $0.15 earnings per share for the current fiscal year.
Separately, analysts at Dougherty & Co initiated coverage on shares of Zix Corp. in a research note on Thursday. They set a “buy” rating and a $5.00 price target on the stock.
Zix Corporation’s (NASDAQ:ZIXI), is engaged in the provision of email encryption services.
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