VirnetX (NYSE:VHC) Stock Crosses Above 200-Day Moving Average – Time to Sell?

VirnetX Holding Corp (NYSE:VHC)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $14.82 and traded as high as $23.99. VirnetX shares last traded at $23.10, with a volume of 25,361 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of VirnetX from a “sell” rating to a “hold” rating in a research report on Saturday, August 16th.

VirnetX Stock Performance

The firm has a fifty day moving average of $19.34 and a 200 day moving average of $14.82. The firm has a market capitalization of $98.66 million, a PE ratio of -4.81 and a beta of 1.90.

Institutional Investors Weigh In On VirnetX

Several institutional investors and hedge funds have recently bought and sold shares of VHC. JPMorgan Chase & Co. grew its stake in shares of VirnetX by 9,676.5% in the third quarter. JPMorgan Chase & Co. now owns 4,986 shares of the technology company’s stock worth $85,000 after purchasing an additional 4,935 shares in the last quarter. Csenge Advisory Group lifted its holdings in shares of VirnetX by 11.4% during the first quarter. Csenge Advisory Group now owns 24,002 shares of the technology company’s stock valued at $177,000 after purchasing an additional 2,448 shares during the last quarter. Geode Capital Management LLC grew its position in VirnetX by 4.2% during the 2nd quarter. Geode Capital Management LLC now owns 32,357 shares of the technology company’s stock worth $351,000 after purchasing an additional 1,318 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in VirnetX by 2.9% in the 3rd quarter. Vanguard Group Inc. now owns 172,337 shares of the technology company’s stock worth $2,947,000 after acquiring an additional 4,815 shares in the last quarter. Institutional investors and hedge funds own 10.37% of the company’s stock.

About VirnetX

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.