Insider Selling: Digimarc Corp (DMRC) CEO Sells 5,000 Shares of Stock

Digimarc Corp (NASDAQ:DMRC) CEO Bruce L. Davis sold 5,000 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $30.53, for a total transaction of $152,650.00. Following the completion of the sale, the chief executive officer now owns 92,014 shares in the company, valued at approximately $2,809,187.42. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Digimarc Corp (NASDAQ:DMRC) traded down $0.20 on Thursday, reaching $30.70. 108,323 shares of the company traded hands, compared to its average volume of 83,360. Digimarc Corp has a 52-week low of $24.20 and a 52-week high of $41.75.

Digimarc (NASDAQ:DMRC) last released its quarterly earnings data on Thursday, October 26th. The information technology services provider reported ($0.39) earnings per share for the quarter, topping the consensus estimate of ($0.69) by $0.30. The firm had revenue of $8.68 million for the quarter, compared to analyst estimates of $5.72 million. Digimarc had a negative net margin of 90.69% and a negative return on equity of 30.98%. Digimarc’s quarterly revenue was up 55.6% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.55) earnings per share. analysts expect that Digimarc Corp will post -2.32 EPS for the current year.

A number of equities research analysts have recently issued reports on DMRC shares. Zacks Investment Research upgraded shares of Digimarc from a “sell” rating to a “hold” rating in a research note on Monday, October 16th. Cowen set a $50.00 price objective on shares of Digimarc and gave the stock a “buy” rating in a research note on Tuesday, October 24th. B. Riley reiterated a “buy” rating and set a $44.00 price objective on shares of Digimarc in a research note on Friday, October 27th. Finally, BidaskClub lowered shares of Digimarc from a “hold” rating to a “sell” rating in a research note on Wednesday, December 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $45.33.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DMRC. Alliancebernstein L.P. acquired a new stake in Digimarc during the second quarter worth about $301,000. The Manufacturers Life Insurance Company raised 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 acquiring an additional 540 shares during the period. Rhumbline Advisers raised 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 acquiring an additional 820 shares during the period. Teachers Advisors LLC raised its stake in Digimarc by 5.4% during the second quarter. Teachers Advisors LLC now owns 17,561 shares of the information technology services provider’s stock worth $705,000 after acquiring an additional 893 shares during the period. Finally, TIAA CREF Investment Management LLC raised its stake in Digimarc by 6.6% during the second quarter. TIAA CREF Investment Management LLC now owns 26,641 shares of the information technology services provider’s stock worth $1,070,000 after acquiring an additional 1,659 shares during the period. Hedge funds and other institutional investors own 57.53% of the company’s stock.

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About Digimarc

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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