In a recent move, Alicia Syrett, a director at Digimarc Corp (NASDAQ:DMRC), sold a total of 2,346 shares of the company's common stock. The transactions, which occurred on May 20 and May 21, 2024, were executed at varying prices, resulting in a total sale value exceeding $61,000.
On the first day, Syrett sold 846 shares at a price of $25.8279 per share. The following day, the director disposed of an additional 1,500 shares, with the price per share increasing to $26.4899. The sales took place within a price range of $25.8279 to $26.4899, reflecting the stock's market value at the time of the transactions.
After these sales, Alicia Syrett's holdings in Digimarc Corp decreased, yet she still retains 18,341 shares in the company. The transactions were publicly disclosed in accordance with SEC regulations, providing investors with insight into the trading activities of the company's insiders.
Digimarc Corp, headquartered in Beaverton, Oregon, specializes in computer integrated systems design, and its stock is traded under the ticker symbol DMRC on the NASDAQ exchange. The recent stock sales by a member of the company's board of directors may be of interest to current and potential shareholders, as insider trading activity can provide a glimpse into the perspectives of those with in-depth knowledge of the company.
InvestingPro Insights
As investors digest the recent insider trading activity at Digimarc Corp (NASDAQ:DMRC), it's crucial to consider various financial metrics and trends that could provide a broader context. According to InvestingPro data, Digimarc Corp currently holds a market capitalization of $568.96 million. Despite the company showing robust revenue growth with a 20.62% increase over the last twelve months as of Q1 2024, it is important to note that Digimarc Corp is not profitable during this period, with a P/E ratio of -13.17.
InvestingPro Tips reveal that Digimarc Corp has a strong liquidity position, holding more cash than debt on its balance sheet and having liquid assets that exceed short-term obligations. However, the company's stock has experienced significant volatility, with a price drop of 26.75% over the last three months but a strong return of 16.95% over the last month. These fluctuations could be indicative of market sentiment and the reaction to company-specific events or broader economic factors.
For those looking to explore further, InvestingPro offers additional tips on Digimarc Corp, including insights on valuation multiples and return on assets. With a total of seven additional tips available, investors can gain a more comprehensive understanding of DMRC's financial health and market performance. To access these insights and enhance your investment strategy, consider using the coupon code PRONEWS24 for an additional 10% off a yearly or biyearly Pro and Pro+ subscription at InvestingPro.
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