Alicia Syrett Sells 1,500 Shares of Digimarc Co. (NASDAQ:DMRC) Stock

Digimarc Co. (NASDAQ:DMRC - Get Free Report) Director Alicia Syrett sold 1,500 shares of the business's stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $25.48, for a total transaction of $38,220.00. Following the completion of the transaction, the director now directly owns 20,687 shares of the company's stock, valued at approximately $527,104.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Alicia Syrett also recently made the following trade(s):

• On Thursday, May 9th, Alicia Syrett sold 3,000 shares of Digimarc stock. The stock was sold at an average price of $23.15, for a total value of $69,450.00.
• On Tuesday, May 7th, Alicia Syrett sold 1,500 shares of Digimarc stock. The stock was sold at an average price of $22.87, for a total value of $34,305.00.

Digimarc Price Performance

DMRC stock traded up $0.25 during trading on Friday, reaching $25.23. 98,391 shares of the stock traded hands, compared to its average volume of 134,697. The business's 50 day moving average price is $24.97 and its 200-day moving average price is $31.44. The firm has a market capitalization of $539.17 million, a PE ratio of -12.13 and a beta of 1.18. Digimarc Co. has a 52-week low of $21.00 and a 52-week high of $43.43.

Digimarc (NASDAQ:DMRC - Get Free Report) last posted its earnings results on Wednesday, February 28th. The information technology services provider reported ($0.41) earnings per share (EPS) for the quarter. Digimarc had a negative return on equity of 46.01% and a negative net margin of 114.38%. The business had revenue of $9.28 million for the quarter.

Institutional Trading of Digimarc

A number of institutional investors have recently added to or reduced their stakes in DMRC. Raymond James & Associates purchased a new stake in shares of Digimarc in the third quarter worth about $338,000. Bank of New York Mellon Corp lifted its position in shares of Digimarc by 0.4% during the third quarter. Bank of New York Mellon Corp now owns 234,606 shares of the information technology services provider's stock worth $7,622,000 after purchasing an additional 901 shares in the last quarter. Private Advisor Group LLC boosted its stake in shares of Digimarc by 2.0% in the third quarter. Private Advisor Group LLC now owns 322,531 shares of the information technology services provider's stock valued at $10,479,000 after purchasing an additional 6,387 shares during the period. Barclays PLC grew its holdings in Digimarc by 79.0% during the 3rd quarter. Barclays PLC now owns 5,070 shares of the information technology services provider's stock valued at $165,000 after purchasing an additional 2,238 shares in the last quarter. Finally, Swiss National Bank acquired a new stake in Digimarc during the 3rd quarter valued at $1,017,000. 66.85% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DMRC has been the subject of a number of research analyst reports. Craig Hallum dropped their price objective on shares of Digimarc from $35.00 to $28.00 and set a "hold" rating for the company in a research note on Friday, May 3rd. Needham & Company LLC reaffirmed a "hold" rating on shares of Digimarc in a research report on Monday, May 6th.

About Digimarc

Digimarc Corporation, together with its subsidiaries, provides automatic identification solutions to commercial and government customers in the United States and internationally. The company offers Digimarc Validate protects, a cloud-based record of product authentication information; Digimarc Engage, an interactive communications channel connecting brands and consumers; and Digimarc Recycle.