A Director at Zix Corporation (NASDAQ: ZIXI) is Selling Shares

By Carrie Williams

Today, a Director at Zix Corporation (NASDAQ: ZIXI), Robert Hausmann, sold shares of ZIXI for $299K.

This is Hausmann’s first Sell trade following 3 Buy transactions.

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Based on Zix Corporation’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $17.5 million and quarterly net profit of $1.84 million. In comparison, last year the company earned revenue of $16.38 million and had a net profit of $1.14 million. Currently, Zix Corporation has an average volume of 138.7K.

In the last 30 days, insiders have sold $299K worth of ZIXI shares and purchased $116.8K worth of ZIXI shares. The insider sentiment on Zix Corporation has been positive according to 26 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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Zix Corp. offers email encryption, data loss prevention and Bring-Your-Own-Device security to meet business data protection and compliance needs. Its services enable the use of secure email for sensitive information exchange primarily in the healthcare, financial services, insurance and government sectors.