VirnetX (NYSE:VHC) Issues Earnings Results

Key Points

• VirnetX reported a quarterly earnings per share (EPS) of ($0.99), indicating a loss for the period.
• The company's stock price increased by 1.4% during trading, reaching $15.72, with a market capitalization of $66.63 million.
• Geode Capital Management LLC boosted its stake in VirnetX by 4.2%, owning approximately 0.76% of the company after recent increases.

VirnetX (NYSE:VHC - Get Free Report) released its quarterly earnings data on Tuesday. The technology company reported ($0.99) EPS for the quarter, Zacks reports.

VirnetX Stock Up 1.4%

Shares of VHC traded up $0.22 during trading hours on Tuesday, hitting $15.72. The company had a trading volume of 2,470 shares, compared to its average volume of 13,328. VirnetX has a 52-week low of $3.68 and a 52-week high of $21.53. The firm has a market cap of $66.63 million, a P/E ratio of -3.22 and a beta of 1.67. The stock's 50 day moving average price is $13.27 and its 200 day moving average price is $10.23.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in VirnetX stock. Geode Capital Management LLC lifted its stake in VirnetX Holding Corp (NYSE:VHC - Free Report) by 4.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,357 shares of the technology company's stock after purchasing an additional 1,318 shares during the quarter. Geode Capital Management LLC owned about 0.76% of VirnetX worth $351,000 as of its most recent filing with the Securities & Exchange Commission. 10.37% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded VirnetX to a "sell" rating in a report on Saturday, August 2nd.

VirnetX Company Profile

VirnetX Holding Corporation, through its subsidiary VirnetX, Inc, operates as an Internet security software and technology company primarily in the United States. The company develops software and technology solutions, including secure domain name registry and GABRIEL Connection Technology that are designed to secure communications over the Internet using zero trust network access.

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