Digimarc Corporation (NASDAQ:DMRC) CEO Bruce L. Davis sold 5,000 shares of Digimarc stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $36.29, for a total value of $181,450.00. Following the completion of the transaction, the chief executive officer now owns 104,006 shares of the company’s stock, valued at approximately $3,774,377.74. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Shares of Digimarc Corporation (NASDAQ DMRC) traded down $1.25 on Friday, hitting $36.25. The stock had a trading volume of 81,858 shares, compared to its average volume of 70,180. Digimarc Corporation has a fifty-two week low of $24.20 and a fifty-two week high of $41.75.

Digimarc (NASDAQ:DMRC) last announced its quarterly earnings data on Thursday, October 26th. The information technology services provider reported ($0.39) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.69) by $0.30. The business had revenue of $8.68 million during the quarter, compared to analysts’ expectations of $5.72 million. Digimarc had a negative return on equity of 30.98% and a negative net margin of 90.69%. The business’s quarterly revenue was up 55.6% compared to the same quarter last year. During the same quarter last year, the business posted ($0.55) EPS. sell-side analysts expect that Digimarc Corporation will post -2.32 earnings per share for the current fiscal year.

Several equities analysts have recently issued reports on DMRC shares. B. Riley reiterated a “buy” rating and issued a $44.00 price objective on shares of Digimarc in a research note on Tuesday, November 14th. Cowen reiterated a “buy” rating and issued a $50.00 price objective on shares of Digimarc in a research note on Sunday, September 17th. Finally, Zacks Investment Research upgraded Digimarc from a “sell” rating to a “hold” rating in a research note on Monday, October 16th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $45.33.

A number of hedge funds have recently bought and sold shares of DMRC. American International Group Inc. lifted its stake in Digimarc by 8.1% during the first quarter. American International Group Inc. now owns 5,198 shares of the information technology services provider’s stock worth $140,000 after purchasing an additional 391 shares during the last quarter. Wolverine Trading LLC purchased a new stake in Digimarc during the second quarter worth approximately $272,000. Alliancebernstein L.P. purchased a new stake in Digimarc during the second quarter worth approximately $301,000. The Manufacturers Life Insurance Company lifted its stake in Digimarc by 6.9% during the second quarter. The Manufacturers Life Insurance Company now owns 8,339 shares of the information technology services provider’s stock worth $334,000 after purchasing an additional 540 shares during the last quarter. Finally, Rhumbline Advisers lifted its stake in Digimarc by 7.9% during the second quarter. Rhumbline Advisers now owns 11,265 shares of the information technology services provider’s stock worth $452,000 after purchasing an additional 820 shares during the last quarter. Hedge funds and other institutional investors own 56.00% of the company’s stock.

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Digimarc Company Profile

Digimarc Corporation (Digimarc) enables governments and enterprises to give digital identities to media and objects that computers can sense and recognize. The Company’s Digimarc Discover, Digimarc Barcode and Intuitive Computing Platform are designed to optimize the identification of consumer brand impressions, facilitating mobile-centric shopping.

Insider Buying and Selling by Quarter for Digimarc (NASDAQ:DMRC)

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