Digimarc Co. (NASDAQ:DMRC) EVP Tony Rodriguez Sells 2,000 Shares

Digimarc Co. (NASDAQ:DMRCGet Free Report) EVP Tony Rodriguez sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $26.91, for a total value of $53,820.00. Following the sale, the executive vice president now owns 41,259 shares in the company, valued at approximately $1,110,279.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Digimarc Stock Up 0.6 %

Shares of NASDAQ DMRC opened at $27.18 on Friday. The stock’s 50 day moving average price is $34.31 and its two-hundred day moving average price is $33.19. The stock has a market capitalization of $555.56 million, a P/E ratio of -11.92 and a beta of 1.14. Digimarc Co. has a 52-week low of $16.13 and a 52-week high of $43.43.

Digimarc (NASDAQ:DMRCGet Free Report) last announced its quarterly earnings results on Wednesday, February 28th. The information technology services provider reported ($0.41) earnings per share for the quarter. The company had revenue of $9.28 million for the quarter. Digimarc had a negative return on equity of 50.45% and a negative net margin of 131.87%.

Institutional Trading of Digimarc

A number of institutional investors and hedge funds have recently made changes to their positions in DMRC. JPMorgan Chase & Co. grew its holdings in Digimarc by 21.6% in the 1st quarter. JPMorgan Chase & Co. now owns 5,975 shares of the information technology services provider’s stock worth $158,000 after buying an additional 1,063 shares in the last quarter. MetLife Investment Management LLC boosted its stake in Digimarc by 54.1% during the 1st quarter. MetLife Investment Management LLC now owns 8,465 shares of the information technology services provider’s stock valued at $223,000 after purchasing an additional 2,971 shares in the last quarter. Vanguard Group Inc. boosted its stake in Digimarc by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 809,355 shares of the information technology services provider’s stock valued at $21,343,000 after purchasing an additional 17,276 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Digimarc by 2.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 34,223 shares of the information technology services provider’s stock valued at $903,000 after purchasing an additional 835 shares in the last quarter. Finally, State Street Corp boosted its stake in Digimarc by 8.5% during the 1st quarter. State Street Corp now owns 300,464 shares of the information technology services provider’s stock valued at $7,923,000 after purchasing an additional 23,624 shares in the last quarter. 66.85% of the stock is currently owned by institutional investors and hedge funds.

About Digimarc

(Get Free Report)

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.

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