VirnetX (NYSE:VHC) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

VirnetX Holding Corp (NYSE:VHC)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $18.43 and traded as high as $22.65. VirnetX shares last traded at $22.41, with a volume of 12,281 shares changing hands.

VirnetX Price Performance

The stock’s fifty day simple moving average is $20.07 and its 200-day simple moving average is $18.43. The stock has a market cap of $95.71 million, a P/E ratio of -4.67 and a beta of 2.15.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its stake in VirnetX by 9,676.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,986 shares of the technology company’s stock worth $85,000 after buying an additional 4,935 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of VirnetX by 4.2% during the second quarter. Geode Capital Management LLC now owns 32,357 shares of the technology company’s stock valued at $351,000 after acquiring an additional 1,318 shares during the period. Csenge Advisory Group grew its position in shares of VirnetX by 44.1% during the third quarter. Csenge Advisory Group now owns 59,968 shares of the technology company’s stock worth $1,079,000 after acquiring an additional 18,353 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of VirnetX by 2.9% in the 3rd quarter. Vanguard Group Inc. now owns 172,337 shares of the technology company’s stock worth $2,947,000 after acquiring an additional 4,815 shares during the period. 10.37% of the stock is currently owned by institutional investors.

VirnetX Company Profile

VirnetX Holding Corporation (NYSE: VHC) is a patent licensing and technology development company specializing in secure communications and networking. The company’s core business centers on the design, development and monetization of patented software solutions that enable secure domain name system (SDNS) protocols, end-to-end encryption, and real-time collaboration across voice, video and messaging services.

At the heart of VirnetX’s offerings is its proprietary “GABRIEL” technology, an SDNS platform that underpins encrypted voice-over-IP (VoIP), video conferencing and secure messaging applications.