Insider Selling: James F. Brashear Sells 7,499 Shares of Zix Corp. Stock (ZIXI)
Zix Corp. (NASDAQ:ZIXI) VP James F. Brashear sold 7,499 shares of Zix Corp. stock on the open market in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $3.80, for a total transaction of $28,496.20. Following the transaction, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link.
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 Corp. (NASDAQ:ZIXI) opened at 3.6514 on Monday. Zix Corp. has a 52 week low of $2.90 and a 52 week high of $5.03. The stock has a 50-day moving average of $3.40 and a 200-day moving average of $3.77. The company has a market cap of $213.8 million and a price-to-earnings ratio of 22.78.
Zix Corp. (NASDAQ:ZIXI) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $0.04 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.04 earnings per share. Zix Corp.’s revenue was up 6.8% compared to the same quarter last year. On average, analysts predict that Zix Corp. will post $0.15 earnings per share for the current fiscal year.
Zix Corporation’s (NASDAQ:ZIXI), is engaged in the provision of email encryption services.
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