BEAVERTON, OR – Digimarc Corp (NASDAQ:DMRC) reported that Director Kathleen Kool sold 3,000 shares of company stock on May 13, 2024, for a total transaction value of $72,060. The shares were sold at a price of $24.02 each.
This transaction has adjusted Kool's holdings in the company to 21,383 shares of common stock, maintaining a significant stake in the company. The sale was executed directly, as indicated in the latest filings with the Securities and Exchange Commission.
Digimarc, based in Beaverton, Oregon, specializes in computer integrated systems design and is known for its technology contributions in the field. The transaction details, including the exact number of shares sold and the price per share, provide investors with insight into the trading activities of the company's insiders.
Investors often monitor insider sales as they may provide a glimpse into an executive's perspective on the company's current valuation and future prospects. However, it is important to note that insider transactions can be motivated by various factors and do not always necessarily reflect the executive's outlook on the company's performance.
The reported transaction was signed off by Joel Meyer, by power of attorney, on May 14, 2024. Digimarc and its executives are subject to regulations that govern the reporting of insider transactions and the timing of such disclosures.
For current and potential investors, Digimarc continues to be a company to watch in the tech sector, with its shares traded actively on the NASDAQ exchange.
InvestingPro Insights
Digimarc Corp (NASDAQ:DMRC) has recently been in the spotlight with insider trading activity, and investors are keenly observing the company's financial health and stock performance. The following insights from InvestingPro may provide a deeper understanding of the company's current situation.
InvestingPro Data indicates a market capitalization of approximately $548.1 million, with a notable revenue growth of 20.62% over the last twelve months as of Q1 2024. Despite this growth, the company's operating income margin remains negative at -124.36%, reflecting challenges in turning revenue into profit.
The stock's Price / Book ratio stands at 6.46 as of Q1 2024, suggesting that the market is valuing the company at a premium compared to its book value. This is supported by the InvestingPro Tip highlighting that Digimarc is trading at a high revenue valuation multiple.
In terms of stock performance, an InvestingPro Tip points out that the price has seen a significant drop over the last three months, with a 3-month price total return of -38.34%. This could be a signal for investors to pay close attention to both the market sentiment and the fundamentals of the company.
For investors looking for more comprehensive analysis and additional insights, there are more InvestingPro Tips available for Digimarc. By visiting https://www.investing.com/pro/DMRC, readers can explore further details. Plus, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription. Currently, there are 7 additional InvestingPro Tips listed for Digimarc, offering a wealth of information for those considering an investment in the company.
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