The EVP, Intellectual Property of Digimarc Corp (NASDAQ: DMRC) is Selling Shares

By Carrie Williams

Today, the EVP, Intellectual Property of Digimarc Corp (DMRCResearch Report), Joel Meyer, sold shares of DMRC for $114.8K.

Following Joel Meyer’s last DMRC Sell transaction on May 17, 2018, the stock climbed by 29.7%. In addition to Joel Meyer, 4 other DMRC executives reported Sell trades in the last month.

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Based on Digimarc Corp’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $5.66 million and GAAP net loss of $8.46 million. In comparison, last year the company earned revenue of $5.61 million and had a GAAP net loss of $8.11 million. Currently, Digimarc Corp has an average volume of 27.99K. The Company has a Price to Book ratio of 14.2033.

Based on 4 analyst ratings, the analyst consensus is Strong Buy with an average price target of $43.33, reflecting a -23.9% downside.

The insider sentiment on Digimarc Corp has been negative according to 46 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Joel Meyer’s trades have generated a -10.4% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Digimarc Corp. engages in the provision of media identification and management solutions. It develops solutions, license intellectual property and provides development services.