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 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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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.
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