Timothy Heydenreich Harned Acquires 20,000 Shares of Vuzix Co. (NASDAQ:VUZI) Stock

Vuzix Co. (NASDAQ:VUZI) Director Timothy Heydenreich Harned bought 20,000 shares of the business’s stock in a transaction that occurred on Monday, April 22nd. The shares were bought at an average cost of $1.31 per share, with a total value of $26,200.00. Following the completion of the purchase, the director now directly owns 186,016 shares of the company’s stock, valued at approximately $243,680.96. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.

Vuzix Stock Performance

Vuzix stock opened at $1.31 on Wednesday. The company’s 50-day moving average price is $1.42 and its 200-day moving average price is $2.02. Vuzix Co. has a twelve month low of $1.10 and a twelve month high of $6.06.

Wall Street Analyst Weigh In

Separately, Craig Hallum cut their target price on shares of Vuzix from $3.50 to $3.00 and set a “buy” rating for the company in a research note on Tuesday, April 16th.

Institutional Trading of Vuzix

Large investors have recently made changes to their positions in the business. SG Americas Securities LLC increased its holdings in shares of Vuzix by 57.9% in the 3rd quarter. SG Americas Securities LLC now owns 57,274 shares of the company’s stock worth $208,000 after buying an additional 20,998 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its holdings in shares of Vuzix by 7.8% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 107,047 shares of the company’s stock worth $389,000 after buying an additional 7,735 shares during the last quarter. State Board of Administration of Florida Retirement System increased its holdings in shares of Vuzix by 226.9% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 82,440 shares of the company’s stock worth $299,000 after buying an additional 57,223 shares during the last quarter. Taylor Frigon Capital Management LLC increased its holdings in shares of Vuzix by 6.4% in the 4th quarter. Taylor Frigon Capital Management LLC now owns 359,359 shares of the company’s stock worth $749,000 after buying an additional 21,650 shares during the last quarter. Finally, Confluence Wealth Services Inc. bought a new position in Vuzix during the 3rd quarter valued at about $38,000. 35.87% of the stock is currently owned by institutional investors.

Vuzix Company Profile

Vuzix Corporation, together with its subsidiaries, designs, manufactures, markets, and sells augmented reality (AR) wearable display and computing devices for consumer and enterprise markets in North America, Europe, the Asia-Pacific, and internationally. It provides M400, and M4000 series of smart glasses for enterprise, industrial, commercial, and medical markets; Vuzix Blade smart glasses; waveguide optics and related coupling optics; Vuzix Shield smart glasses; Vuzix Ultralite smart glasses; and Mobilium logistics mobility software, which removes traditional middleware and supports various ERP systems, as well as custom and engineering solutions.