Digimarc Corporation (DMRC) Shares Bought by Baillie Gifford & Co.

Baillie Gifford & Co. boosted its position in shares of Digimarc Corporation (NASDAQ:DMRC) by 3.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 261,462 shares of the information technology services provider’s stock after purchasing an additional 8,564 shares during the period. Baillie Gifford & Co. owned 2.43% of Digimarc Corporation worth $9,570,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DMRC. American International Group Inc. grew its position in 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 worth $140,000 after purchasing an additional 391 shares in the last quarter. Vanguard Group Inc. grew its position in 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 worth $11,692,000 after purchasing an additional 38,804 shares in the last quarter. Geode Capital Management LLC boosted its stake 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 buying an additional 6,675 shares during the period. Bank of America Corp DE boosted its stake 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 buying an additional 431 shares during the period. Finally, Goldman Sachs Group Inc. acquired a new stake in shares of Digimarc Corporation during the 1st quarter valued at $976,000. Hedge funds and other institutional investors own 52.84% of the company’s stock.

In related news, Director Bernard Whitney sold 5,000 shares of Digimarc Corporation stock in a transaction on Monday, October 30th. The shares were sold at an average price of $35.00, for a total value of $175,000.00. Following the completion of the sale, the director now owns 33,630 shares of the company’s stock, valued at approximately $1,177,050. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Joel Meyer sold 7,000 shares of Digimarc Corporation stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $35.03, for a total transaction of $245,210.00. Following the completion of the sale, the executive vice president now directly owns 63,551 shares of the company’s stock, valued at approximately $2,226,191.53. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,000 shares of company stock valued at $596,710. 7.50% of the stock is owned by company insiders.

A number of brokerages have issued reports on DMRC. B. Riley reissued a “buy” rating and set a $44.00 target price on shares of Digimarc Corporation in a research note on Monday, July 24th. Cowen and Company set a $50.00 target price on shares of Digimarc Corporation and gave the company a “buy” rating in a research note on Tuesday, October 24th. Zacks Investment Research lowered shares of Digimarc Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. BidaskClub lowered shares of Digimarc Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Finally, Needham & Company LLC reissued a “buy” rating and set a $42.00 target price on shares of Digimarc Corporation in a research note on Monday, July 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $45.75.

Shares of Digimarc Corporation (NASDAQ DMRC) opened at $36.65 on Friday.

Digimarc Corporation (NASDAQ:DMRC) last issued 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 company had revenue of $8.68 million during the quarter, compared to analyst estimates of $5.72 million. During the same quarter last year, the business posted ($0.55) EPS. The company’s revenue for the quarter was up 55.6% on a year-over-year basis. research analysts anticipate that Digimarc Corporation will post -2.44 earnings per share for the current year.

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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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