Hood River Capital Management LLC Sells 100,985 Shares of Digimarc Corporation (DMRC)

Hood River Capital Management LLC lowered its holdings in shares of Digimarc Corporation (NASDAQ:DMRC) by 33.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 205,230 shares of the information technology services provider’s stock after selling 100,985 shares during the quarter. Hood River Capital Management LLC owned about 1.81% of Digimarc Corporation worth $7,511,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in DMRC. American International Group Inc. raised its holdings in shares of Digimarc Corporation by 8.1% during the 1st quarter. American International Group Inc. now owns 5,198 shares of the information technology services provider’s stock valued at $140,000 after purchasing an additional 391 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Digimarc Corporation by 9.8% during the 1st quarter. Vanguard Group Inc. now owns 433,039 shares of the information technology services provider’s stock valued at $11,692,000 after purchasing an additional 38,804 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Digimarc Corporation by 8.8% during the 1st quarter. Geode Capital Management LLC now owns 82,410 shares of the information technology services provider’s stock valued at $2,225,000 after purchasing an additional 6,675 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Digimarc Corporation by 2.1% during the 1st quarter. Bank of America Corp DE now owns 20,857 shares of the information technology services provider’s stock valued at $563,000 after purchasing an additional 431 shares in the last quarter. Finally, Goldman Sachs Group Inc. bought a new position in shares of Digimarc Corporation during the 1st quarter valued at $976,000. Institutional investors and hedge funds own 51.28% of the company’s stock.



In other Digimarc Corporation news, EVP Joel Meyer sold 7,000 shares of the firm’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $35.03, for a total value of $245,210.00. Following the sale, the executive vice president now directly owns 63,551 shares in the company, valued at approximately $2,226,191.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Bruce L. Davis sold 5,000 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $35.30, for a total transaction of $176,500.00. Following the completion of the sale, the chairman now owns 108,677 shares in the company, valued at $3,836,298.10. The disclosure for this sale can be found here. Insiders sold a total of 17,000 shares of company stock worth $596,710 over the last quarter. 7.50% of the stock is currently owned by company insiders.

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Digimarc Corporation (NASDAQ DMRC) remained flat at $$36.35 during trading hours on Friday. 46,800 shares of the company’s stock were exchanged, compared to its average volume of 71,138. Digimarc Corporation has a 1 year low of $24.20 and a 1 year high of $41.75.

Digimarc Corporation (NASDAQ:DMRC) last posted its earnings results on Thursday, October 26th. The information technology services provider reported ($0.39) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.69) by $0.30. Digimarc Corporation had a negative net margin of 90.69% and a negative return on equity of 30.98%. The business had revenue of $8.68 million for the quarter, compared to analyst estimates of $5.72 million. During the same period last year, the business posted ($0.55) EPS. Digimarc Corporation’s revenue was up 55.6% compared to the same quarter last year. equities research analysts expect that Digimarc Corporation will post -2.44 EPS for the current year.

A number of research firms have recently weighed in on DMRC. Zacks Investment Research upgraded shares of Digimarc Corporation from a “sell” rating to a “hold” rating in a report on Monday, October 16th. B. Riley restated a “buy” rating and set a $44.00 price target on shares of Digimarc Corporation in a report on Tuesday. Cowen and Company set a $50.00 price target on shares of Digimarc Corporation and gave the company a “buy” rating in a report on Tuesday, October 24th. Finally, BidaskClub lowered shares of Digimarc Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $45.75.

Digimarc Corporation Company Profile

Digimarc Corporation (Digimarc) enables governments and enterprises to give digital identities to media and objects that computers can sense and recognize. The Company’s Digimarc Discover, Digimarc Barcode and Intuitive Computing Platform are designed to optimize the identification of consumer brand impressions, facilitating mobile-centric shopping.

Institutional Ownership by Quarter for Digimarc Corporation (NASDAQ:DMRC)

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