GSA Capital Partners LLP Purchases New Stake in Datawatch Co. (DWCH)

GSA Capital Partners LLP purchased a new position in shares of Datawatch Co. (NASDAQ:DWCH) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 20,700 shares of the technology company’s stock, valued at approximately $239,000. GSA Capital Partners LLP owned approximately 0.17% of Datawatch at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. EAM Investors LLC grew its position in shares of Datawatch by 62.5% during the third quarter. EAM Investors LLC now owns 240,709 shares of the technology company’s stock worth $2,780,000 after buying an additional 92,595 shares in the last quarter. Citadel Advisors LLC acquired a new stake in shares of Datawatch during the second quarter worth approximately $760,000. Archon Capital Management LLC grew its position in shares of Datawatch by 29.2% during the second quarter. Archon Capital Management LLC now owns 351,259 shares of the technology company’s stock worth $3,267,000 after buying an additional 79,363 shares in the last quarter. Macquarie Group Ltd. acquired a new stake in shares of Datawatch during the third quarter worth approximately $486,000. Finally, Algert Global LLC grew its position in shares of Datawatch by 1,076.7% during the third quarter. Algert Global LLC now owns 130,028 shares of the technology company’s stock worth $1,502,000 after buying an additional 118,978 shares in the last quarter. 39.54% of the stock is owned by institutional investors and hedge funds.

A number of analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Datawatch from a “hold” rating to a “sell” rating in a research report on Monday. Craig Hallum set a $18.00 price target on shares of Datawatch and gave the stock a “buy” rating in a research report on Friday, January 5th. ValuEngine raised shares of Datawatch from a “sell” rating to a “hold” rating in a research report on Sunday, December 31st. Finally, Canaccord Genuity reissued a “hold” rating and set a $10.00 price target on shares of Datawatch in a research report on Monday, October 30th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. Datawatch presently has a consensus rating of “Hold” and a consensus target price of $13.33.

Datawatch Co. (DWCH) opened at $11.50 on Friday. The company has a market cap of $136.07, a price-to-earnings ratio of -34.85, a price-to-earnings-growth ratio of 8.14 and a beta of 0.81. Datawatch Co. has a 1-year low of $5.40 and a 1-year high of $12.65.

Datawatch (NASDAQ:DWCH) last released its quarterly earnings data on Wednesday, November 1st. The technology company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.03). The business had revenue of $10.20 million during the quarter, compared to analyst estimates of $9.49 million. Datawatch had a negative return on equity of 6.82% and a negative net margin of 11.01%. The firm’s revenue was up 18.6% compared to the same quarter last year. research analysts predict that Datawatch Co. will post 0.07 earnings per share for the current fiscal year.

In other Datawatch news, CEO Michael Anthony Morrison sold 24,426 shares of Datawatch stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $10.07, for a total value of $245,969.82. Following the completion of the transaction, the chief executive officer now owns 147,465 shares of the company’s stock, valued at $1,484,972.55. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO James Eliason sold 16,156 shares of Datawatch stock in a transaction on Monday, November 20th. The stock was sold at an average price of $9.91, for a total transaction of $160,105.96. The disclosure for this sale can be found here. Insiders own 17.69% of the company’s stock.

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Datawatch Profile

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.

Institutional Ownership by Quarter for Datawatch (NASDAQ:DWCH)

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