Datawatch Co. (NASDAQ:DWCH) CEO Michael Anthony Morrison sold 35,687 shares of the firm’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $10.11, for a total value of $360,795.57. Following the transaction, the chief executive officer now owns 232,189 shares in the company, valued at $2,347,430.79. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Michael Anthony Morrison also recently made the following trade(s):
- On Wednesday, November 22nd, Michael Anthony Morrison sold 24,426 shares of Datawatch stock. The stock was sold at an average price of $10.07, for a total value of $245,969.82.
Datawatch Co. (NASDAQ:DWCH) opened at $10.30 on Friday. Datawatch Co. has a fifty-two week low of $6.90 and a fifty-two week high of $12.65.
Datawatch (NASDAQ:DWCH) last announced its quarterly earnings results on Thursday, January 25th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.01. Datawatch had a negative return on equity of 3.81% and a negative net margin of 6.89%. The business had revenue of $9.59 million for the quarter, compared to the consensus estimate of $9.28 million. Datawatch’s quarterly revenue was up 16.4% compared to the same quarter last year. equities analysts forecast that Datawatch Co. will post 0.07 EPS for the current fiscal year.
Large investors have recently made changes to their positions in the company. JPMorgan Chase & Co. purchased a new position in Datawatch during the 2nd quarter worth $233,000. Northern Trust Corp grew its stake in Datawatch by 4.9% during the 2nd quarter. Northern Trust Corp now owns 24,514 shares of the technology company’s stock worth $228,000 after buying an additional 1,148 shares during the last quarter. OxFORD Asset Management LLP purchased a new position in Datawatch during the 2nd quarter worth $300,000. Goldman Sachs Group Inc. grew its stake in Datawatch by 123.2% during the 2nd quarter. Goldman Sachs Group Inc. now owns 47,495 shares of the technology company’s stock worth $442,000 after buying an additional 26,219 shares during the last quarter. Finally, Macquarie Group Ltd. purchased a new position in Datawatch during the 3rd quarter worth $486,000. Institutional investors and hedge funds own 39.80% of the company’s stock.
Several research firms have commented on DWCH. Zacks Investment Research downgraded Datawatch from a “hold” rating to a “sell” rating in a report on Monday, January 8th. TheStreet upgraded Datawatch from a “d” rating to a “c” rating in a report on Friday, January 26th. Craig Hallum set a $18.00 price target on Datawatch and gave the company a “buy” rating in a report on Friday, January 5th. ValuEngine upgraded Datawatch from a “sell” rating to a “hold” rating in a report on Sunday, December 31st. Finally, Canaccord Genuity reiterated a “hold” rating and issued a $10.00 price target on shares of Datawatch in a report on Monday, October 30th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $13.33.
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Datawatch Corporation is engaged in the design, development, marketing, distribution and support of business computer software primarily for the self-service data preparation and visual data discovery markets. The Company also provides services, including implementation and support of its software products, as well as training on their use and administration.
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