Digimarc Corp (DMRC) Insider Sells $636,371.32 in Stock

Digimarc Corp (NASDAQ:DMRC) insider Robert Chamness sold 12,916 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $49.27, for a total value of $636,371.32. Following the completion of the sale, the insider now owns 94,862 shares in the company, valued at approximately $4,673,850.74. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

DMRC traded down $0.35 during midday trading on Friday, reaching $52.56. 282,367 shares of the company were exchanged, compared to its average volume of 148,338. The firm has a market capitalization of $637.45 million, a P/E ratio of -18.38 and a beta of 1.15. Digimarc Corp has a one year low of $14.03 and a one year high of $66.50.

Digimarc (NASDAQ:DMRC) last issued its quarterly earnings data on Wednesday, May 1st. The information technology services provider reported ($0.74) EPS for the quarter, missing analysts’ consensus estimates of ($0.72) by ($0.02). The company had revenue of $5.66 million for the quarter, compared to the consensus estimate of $5.48 million. Digimarc had a negative return on equity of 55.04% and a negative net margin of 154.70%. On average, analysts expect that Digimarc Corp will post -3.01 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in the company. MetLife Investment Advisors LLC bought a new position in shares of Digimarc in the first quarter valued at approximately $161,000. Metropolitan Life Insurance Co NY bought a new position in Digimarc during the first quarter valued at $116,000. HighTower Advisors LLC bought a new position in Digimarc during the first quarter valued at $203,000. SEI Investments Co grew its holdings in Digimarc by 19.2% during the first quarter. SEI Investments Co now owns 29,955 shares of the information technology services provider’s stock valued at $940,000 after purchasing an additional 4,821 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Digimarc by 12.2% during the first quarter. Geode Capital Management LLC now owns 141,165 shares of the information technology services provider’s stock valued at $4,429,000 after purchasing an additional 15,329 shares during the period. 60.58% of the stock is owned by institutional investors.

DMRC has been the topic of a number of recent analyst reports. Craig Hallum raised Digimarc from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a research note on Thursday, May 2nd. BidaskClub raised Digimarc from a “hold” rating to a “buy” rating in a research note on Thursday, February 14th. National Securities downgraded Digimarc from a “buy” rating to a “neutral” rating in a research note on Monday, May 6th. ValuEngine raised Digimarc from a “hold” rating to a “buy” rating in a research note on Saturday, February 23rd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $34.00 price target (up from $32.00) on shares of Digimarc in a research note on Tuesday, March 12th. Four investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $48.70.

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Digimarc Company Profile

Digimarc Corporation provides media identification and management solutions to government and commercial customers in the United States and internationally. It offers Digimarc Intuitive Computing Platform, a comprehensive set of technologies for identifying, discovering, and interacting with digitally-enhanced media, which includes Digimarc Barcode, a method for imperceptibly enhancing packaging, print, images, thermal labels, audio, and other objects with data that is detected by enabled devices, such as smart phones, computers, barcode scanners, and machine-vision equipment.

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Insider Buying and Selling by Quarter for Digimarc (NASDAQ:DMRC)

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