Datawatch (NASDAQ:DWCH) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Monday.

According to Zacks, “Datawatch Corporation is a provider of Enterprise Reporting, Report Mining and Service Center software products that help organizations increase productivity, reduce costs and gain competitive advantages. Datawatch products are used in more than 20,000 companies, institutions and government agencies worldwide. Datawatch is best known for its popular report mining application called Monarch. Monarch lets users extract and manipulate data from ASCII report files produced on any mainframe, midrange, client/server or PC system. “

Several other analysts also recently issued reports on the company. Craig Hallum set a $18.00 price target on Datawatch and gave the company a “buy” rating in a research note on Friday. ValuEngine raised Datawatch from a “sell” rating to a “hold” rating in a research note on Sunday, December 31st. Finally, Canaccord Genuity reissued a “hold” rating and issued a $10.00 price target on shares of Datawatch in a research note on Monday, October 30th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $13.33.

Shares of Datawatch (NASDAQ DWCH) traded down $0.05 during trading on Monday, reaching $11.35. The company had a trading volume of 93,141 shares, compared to its average volume of 148,740. The firm has a market cap of $139.13, a P/E ratio of -34.39, a PEG ratio of 8.14 and a beta of 0.81. Datawatch has a twelve month low of $5.40 and a twelve month high of $12.65.

Datawatch (NASDAQ:DWCH) last issued its quarterly earnings data on Wednesday, November 1st. The technology company reported ($0.01) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.03). The business had revenue of $10.20 million for the quarter, compared to analyst estimates of $9.49 million. Datawatch had a negative return on equity of 6.82% and a negative net margin of 11.01%. The firm’s revenue was up 18.6% on a year-over-year basis. equities analysts forecast that Datawatch will post 0.07 EPS for the current fiscal year.

In other Datawatch news, CEO Michael Anthony Morrison sold 24,426 shares of Datawatch stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $10.07, for a total value of $245,969.82. Following the sale, the chief executive officer now owns 147,465 shares of the company’s stock, valued at approximately $1,484,972.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO James Eliason sold 16,156 shares of Datawatch stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $9.91, for a total value of $160,105.96. The disclosure for this sale can be found here. Company insiders own 17.69% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. G2 Investment Partners Management LLC grew its holdings in shares of Datawatch by 639.2% in the 3rd quarter. G2 Investment Partners Management LLC now owns 667,425 shares of the technology company’s stock valued at $4,946,000 after acquiring an additional 577,132 shares in the last quarter. Archon Capital Management LLC grew its holdings in shares of Datawatch by 29.2% in the 2nd quarter. Archon Capital Management LLC now owns 351,259 shares of the technology company’s stock valued at $3,267,000 after acquiring an additional 79,363 shares in the last quarter. EAM Investors LLC grew its holdings in shares of Datawatch by 62.5% in the 3rd quarter. EAM Investors LLC now owns 240,709 shares of the technology company’s stock valued at $2,780,000 after acquiring an additional 92,595 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Datawatch by 34.2% in the 1st quarter. Renaissance Technologies LLC now owns 224,600 shares of the technology company’s stock valued at $1,887,000 after acquiring an additional 57,200 shares in the last quarter. Finally, Essex Investment Management Co. LLC grew its holdings in shares of Datawatch by 35.8% in the 2nd quarter. Essex Investment Management Co. LLC now owns 203,130 shares of the technology company’s stock valued at $1,889,000 after acquiring an additional 53,520 shares in the last quarter. Institutional investors own 39.54% of the company’s stock.

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About Datawatch

Datawatch Corporation is engaged in the design, development, marketing, distribution and support of business computer software primarily for the self-service data preparation and visual data discovery markets. The Company also provides services, including implementation and support of its software products, as well as training on their use and administration.

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