Sunday, 19 May 2024


Digimarc director Alicia Syrett sells $36,305 in company stock By

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In a recent transaction, Alicia Syrett, a director at Digimarc CORP (NASDAQ:), sold shares in the company, resulting in a total sale value of $36,305. The transaction took place on May 13, 2024, and involved the sale of 1,500 shares at a price of $24.2037 each.

This sale has adjusted Syrett’s holdings in Digimarc, leaving her with a total of 25,187 shares in the company following the transaction. It’s worth noting that the sale was executed directly by Syrett, which indicates a personal decision to adjust her investment in the company.

Digimarc, known for its computer integrated systems design services, has not released any statements regarding this transaction, and it remains a routine disclosure of stock sales by company executives. Shareholders and potential investors often keep an eye on such transactions as they can provide insights into an insider’s perspective on the company’s financial health and future prospects.

Investors and market watchers can stay updated on further transactions by keeping an eye on future filings and market activity related to Digimarc CORP.

InvestingPro Insights

Digimarc CORP (NASDAQ:DMRC) has been making waves in the market with its recent performance metrics. An InvestingPro Tip highlights that the company has seen a significant return over the last week, with a price total return of 9.62%. This uptick in share price could reflect market sentiment that the company’s prospects are improving, even as a director chose to sell a portion of her stake.

Although Digimarc is currently trading without profitability over the last twelve months, the company holds more cash than debt on its balance sheet and its liquid assets exceed short-term obligations. These are encouraging signs of financial stability, which can be critical for investors assessing the company’s ability to weather economic fluctuations and invest in future growth. However, it’s worth noting that Digimarc is trading at a high revenue valuation multiple and a high Price / Book multiple of 6.35, according to the latest InvestingPro Data.

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