Digimarc (NASDAQ:DMRC) Stock Passes Above Two Hundred Day Moving Average of $16.74

Digimarc Co. (NASDAQ:DMRCGet Rating) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $16.74 and traded as high as $24.14. Digimarc shares last traded at $22.08, with a volume of 103,118 shares traded.

Wall Street Analyst Weigh In

Separately, Craig Hallum reduced their price target on shares of Digimarc to $17.00 in a research report on Tuesday, August 9th.

Digimarc Trading Down 5.6 %

The stock has a market capitalization of $442.39 million, a P/E ratio of -7.26 and a beta of 1.35. The company has a fifty day simple moving average of $16.44 and a two-hundred day simple moving average of $16.74.

Insiders Place Their Bets

In other Digimarc news, EVP Tony Rodriguez sold 3,000 shares of the business’s stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $20.07, for a total transaction of $60,210.00. Following the completion of the sale, the executive vice president now directly owns 22,759 shares of the company’s stock, valued at approximately $456,773.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 23.33% of the company’s stock.

Institutional Trading of Digimarc

Institutional investors and hedge funds have recently modified their holdings of the stock. Soapstone Management L.P. increased its stake in shares of Digimarc by 112.8% in the 1st quarter. Soapstone Management L.P. now owns 69,114 shares of the information technology services provider’s stock valued at $1,823,000 after acquiring an additional 36,635 shares during the last quarter. Bryant Woods Investment Advisors LLC increased its stake in shares of Digimarc by 17.2% in the 1st quarter. Bryant Woods Investment Advisors LLC now owns 46,608 shares of the information technology services provider’s stock valued at $1,229,000 after acquiring an additional 6,847 shares during the last quarter. Cisco Systems Inc. bought a new stake in shares of Digimarc in the 1st quarter valued at about $551,000. Cowen Prime Advisors LLC increased its stake in shares of Digimarc by 3.1% in the 2nd quarter. Cowen Prime Advisors LLC now owns 134,317 shares of the information technology services provider’s stock valued at $1,899,000 after acquiring an additional 4,024 shares during the last quarter. Finally, Amalgamated Bank bought a new stake in shares of Digimarc in the 1st quarter valued at about $55,000. 65.68% of the stock is owned by institutional investors.

About Digimarc

(Get Rating)

Digimarc Corporation provides automatic identification solutions to commercial and government customers in the United States and internationally. The company offers Digimarc watermarks, a data carrier that provides a digital identity to media objects; Digimarc Discover, a software for computing devices and network interfaces that recognize and decode indicia of the identity of media; and Digimarc Verify, a suite of software tools used to inspect and verify that the identification and discovery of media.

Further Reading

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