VirnetX Holding Corp (NYSE:VHC) CEO Kendall Larsen Purchases 40,650 Shares

VirnetX Holding Corp (NYSE:VHCGet Rating) CEO Kendall Larsen purchased 40,650 shares of the company’s stock in a transaction on Friday, May 20th. The shares were bought at an average price of $1.20 per share, for a total transaction of $48,780.00. Following the completion of the transaction, the chief executive officer now directly owns 636,527 shares in the company, valued at approximately $763,832.40. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Kendall Larsen also recently made the following trade(s):

  • On Monday, May 23rd, Kendall Larsen purchased 2,431 shares of VirnetX stock. The shares were bought at an average price of $1.20 per share, for a total transaction of $2,917.20.

Shares of NYSE VHC traded down $0.08 during midday trading on Tuesday, reaching $1.13. The company’s stock had a trading volume of 248,195 shares, compared to its average volume of 403,606. The company has a 50 day moving average price of $1.59 and a 200 day moving average price of $2.21. VirnetX Holding Corp has a one year low of $1.06 and a one year high of $5.04. The company has a market cap of $80.49 million, a price-to-earnings ratio of -1.98 and a beta of 0.74.

Separately, StockNews.com started coverage on shares of VirnetX in a report on Thursday, March 31st. They issued a “sell” rating on the stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC purchased a new position in shares of VirnetX in the first quarter worth approximately $29,000. Citigroup Inc. increased its position in shares of VirnetX by 98.7% in the third quarter. Citigroup Inc. now owns 8,404 shares of the technology company’s stock worth $33,000 after acquiring an additional 4,174 shares in the last quarter. ProShare Advisors LLC purchased a new position in shares of VirnetX in the fourth quarter worth approximately $36,000. Bank of Montreal Can purchased a new position in shares of VirnetX in the first quarter worth approximately $38,000. Finally, Teacher Retirement System of Texas purchased a new position in shares of VirnetX in the third quarter worth approximately $40,000. Institutional investors and hedge funds own 30.76% of the company’s stock.

VirnetX Company Profile (Get Rating)

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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