Jane Street Group LLC Has $257,000 Stock Holdings in Digimarc Co. (NASDAQ:DMRC)

Jane Street Group LLC trimmed its holdings in Digimarc Co. (NASDAQ:DMRC) by 64.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,851 shares of the information technology services provider’s stock after selling 12,542 shares during the quarter. Jane Street Group LLC’s holdings in Digimarc were worth $257,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Barclays PLC boosted its position in shares of Digimarc by 8.7% in the fourth quarter. Barclays PLC now owns 27,358 shares of the information technology services provider’s stock valued at $1,024,000 after acquiring an additional 2,186 shares during the period. Raymond James Financial Inc. bought a new position in Digimarc in the fourth quarter worth $470,000. Allspring Global Investments Holdings LLC bought a new position in Digimarc in the fourth quarter worth $300,000. Renaissance Technologies LLC lifted its position in Digimarc by 74.0% in the fourth quarter. Renaissance Technologies LLC now owns 37,400 shares of the information technology services provider’s stock worth $1,401,000 after purchasing an additional 15,900 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in Digimarc by 1.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 122,654 shares of the information technology services provider’s stock worth $4,593,000 after purchasing an additional 2,008 shares during the period. 66.85% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC reduced their target price on Digimarc from $40.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, February 27th.

Digimarc Stock Up 4.3%

Digimarc stock opened at $13.73 on Wednesday. The stock has a 50-day simple moving average of $12.62 and a 200 day simple moving average of $25.03. Digimarc Co. has a 12-month low of $10.44 and a 12-month high of $48.32. The stock has a market capitalization of $295.91 million, a price-to-earnings ratio of -7.04 and a beta of 1.44.

Digimarc Company Profile

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.