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

VirnetX Holding Corp (NYSE:VHC) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $18.43 and traded as high as $22.65. VirnetX shares last traded at $22.41, with a volume of 12,281 shares trading hands.

VirnetX Trading Up 3.5%

The company has a market cap of $95.71 million, a P/E ratio of -4.67 and a beta of 2.15. The company’s 50-day moving average price is $20.07 and its two-hundred day moving average price is $18.43.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Csenge Advisory Group grew its position in shares of VirnetX by 44.1% in the 3rd quarter. Csenge Advisory Group now owns 59,968 shares of the technology company’s stock worth $1,079,000 after acquiring an additional 18,353 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in 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 during the period. Vanguard Group Inc. increased its stake in VirnetX by 2.9% during the third quarter. Vanguard Group Inc. now owns 172,337 shares of the technology company’s stock valued at $2,947,000 after purchasing an additional 4,815 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of VirnetX by 4.2% during the second 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 during the period. Institutional investors own 10.37% of the company’s stock.

VirnetX Company Profile

VirnetX Holding Corporation (NYSE: VHC) is a patent licensing and technology development company specializing in secure communications and networking. The company’s core business centers on the design, development and monetization of patented software solutions that enable secure domain name system (SDNS) protocols, end-to-end encryption, and real-time collaboration across voice, video and messaging services.

At the heart of VirnetX’s offerings is its proprietary “GABRIEL” technology, an SDNS platform that underpins encrypted voice-over-IP (VoIP), video conferencing and secure messaging applications.