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Digimarc Corp. (NASDAQ:DMRC) CEO Bruce L. Davis sold 5,000 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $23.90, for a total transaction of $119,500.00. Following the sale, the chief executive officer now directly owns 145,372 shares of the company’s stock, valued at approximately $3,474,391. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Digimarc Corp. (NASDAQ:DMRC) traded down 0.83% during mid-day trading on Wednesday, hitting $23.83. 26,990 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 $25.28 and a 200-day moving average of $30.34. The company’s market cap is $170.4 million.

Digimarc Corp. (NASDAQ:DMRC) last announced its earnings results on Wednesday, July 23rd. The company reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.28) by $0.10. The company had revenue of $5.66 million for the quarter, compared to the consensus estimate of $10.47 million. On average, analysts predict that Digimarc Corp. will post $-1.46 earnings per share for the current fiscal year.

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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