BEAVERTON, OR – In a recent transaction, Digimarc Corp (NASDAQ:DMRC) reported that Director Alicia Syrett has sold a total of 3,000 shares of the company's common stock. The sale, which took place on May 14, 2024, was executed at a price of $25.2713 per share, amounting to a total value of $75,813.
As a result of this transaction, Syrett's holdings in Digimarc Corp have decreased, leaving her with a total of 22,187 shares in the company. The sale was made public through a Form 4 filing with the Securities and Exchange Commission, which provides transparency into the trading activities of the company's insiders.
Investors often monitor these insider transactions as they can provide insights into the executives' perspectives on the company's current valuation and future prospects. However, it's important to note that there can be various reasons for an insider to sell stock, and such transactions don't necessarily signal a lack of confidence in the company.
Digimarc Corp specializes in computer integrated systems design and is known for its digital watermarking technologies. The company's shares are traded on the NASDAQ, and it has its headquarters in Beaverton, Oregon.
The details of the transaction have been made available to the public, allowing shareholders and potential investors to stay informed about significant insider trades.
InvestingPro Insights
Following the recent insider sale by Director Alicia Syrett, Digimarc Corp (NASDAQ:DMRC) has been under the investor's lens. To provide a broader context to this transaction, let's look at the company's financial health and market performance through some key metrics from InvestingPro.
As of the last twelve months as of Q1 2024, Digimarc's market capitalization stands at $541.72M, illustrating the company's size in the competitive tech industry. Despite not being profitable over the last twelve months, with an adjusted P/E ratio of -12.52, the company has shown a robust revenue growth of 20.62%, a positive signal for potential growth-oriented investors.
An InvestingPro Tip highlights that Digimarc holds more cash than debt on its balance sheet, which is a reassuring sign of the company's liquidity and financial stability. Additionally, the company's liquid assets exceed its short-term obligations, further underscoring its ability to cover immediate liabilities.
The stock price has experienced a significant return over the last week, with an 11.96% increase, which may catch the interest of momentum investors. However, it's also worth noting that the price has fallen by 36.21% over the last three months, potentially indicating a buying opportunity for value investors or a point of caution for current shareholders.
For those looking to delve deeper into Digimarc's financials and market performance, InvestingPro offers additional insights. There are 6 more InvestingPro Tips available for DMRC, which can be accessed by visiting: https://www.investing.com/pro/DMRC. Readers can use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, providing even more detailed analysis and data to inform investment decisions.
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