Shares of VirnetX Holding Co. (NYSEAMERICAN:VHC) saw an uptick in trading volume on Wednesday . 1,815,473 shares were traded during trading, an increase of 8% from the previous session’s volume of 1,678,732 shares.The stock last traded at $5.43 and had previously closed at $5.08.
In other news, CEO Kendall Larsen sold 75,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 15th. The shares were sold at an average price of $4.28, for a total value of $321,000.00. Following the transaction, the chief executive officer now owns 6,404,710 shares in the company, valued at $27,412,158.80. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Robert D. Short III sold 35,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 15th. The stock was sold at an average price of $5.41, for a total transaction of $189,350.00. Following the completion of the transaction, the insider now owns 115,866 shares in the company, valued at approximately $626,835.06. The disclosure for this sale can be found here. Insiders have sold 410,000 shares of company stock worth $2,003,600 in the last three months.
Several hedge funds and other institutional investors have recently modified their holdings of VHC. Raymond James & Associates lifted its position in VirnetX by 2.7% during the fourth quarter. Raymond James & Associates now owns 144,187 shares of the technology company’s stock valued at $346,000 after purchasing an additional 3,750 shares during the period. Fifth Third Bancorp lifted its position in VirnetX by 42.9% during the third quarter. Fifth Third Bancorp now owns 50,000 shares of the technology company’s stock valued at $233,000 after purchasing an additional 15,000 shares during the period. Winslow Evans & Crocker Inc. bought a new position in VirnetX during the fourth quarter valued at approximately $42,000. Virtu Financial LLC bought a new position in VirnetX during the fourth quarter valued at approximately $43,000. Finally, Rhumbline Advisers lifted its position in VirnetX by 46.3% during the fourth quarter. Rhumbline Advisers now owns 73,687 shares of the technology company’s stock valued at $177,000 after purchasing an additional 23,329 shares during the period.
VirnetX Holding Corporation, through its subsidiary VirnetX, Inc, operates as an Internet security software and technology company in the United States and internationally. The company develops software and technology solutions, including secure domain name registry and GABRIEL Connection Technology that are designed to secure real-time communications over the Internet, as well as enable organizations and individuals to establish communities of secure, registered users, and transmit information between various devices, networks, and operating systems.
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