Digimarc Co. (NASDAQ:DMRC) Shares Sold by Jane Street Group LLC

Jane Street Group LLC lowered its stake in shares of Digimarc Co. (NASDAQ:DMRC) by 54.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,393 shares of the information technology services provider’s stock after selling 23,151 shares during the period. Jane Street Group LLC’s holdings in Digimarc were worth $521,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new position in shares of Digimarc in the 3rd quarter valued at $106,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Digimarc in the 2nd quarter valued at $148,000. FMR LLC lifted its stake in shares of Digimarc by 201.6% in the 3rd quarter. FMR LLC now owns 4,983 shares of the information technology services provider’s stock valued at $134,000 after purchasing an additional 3,331 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Digimarc by 28.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 7,800 shares of the information technology services provider’s stock valued at $210,000 after purchasing an additional 1,724 shares during the last quarter. Finally, Verition Fund Management LLC acquired a new position in shares of Digimarc in the 3rd quarter valued at $216,000. Institutional investors and hedge funds own 66.85% of the company’s stock.

Digimarc Trading Up 16.4 %

DMRC stock opened at $46.81 on Monday. The company has a market capitalization of $1.00 billion, a PE ratio of -24.01 and a beta of 1.67. Digimarc Co. has a 12-month low of $21.00 and a 12-month high of $48.09. The business’s fifty day moving average price is $34.56 and its 200 day moving average price is $31.24.

Analysts Set New Price Targets

Several brokerages have recently commented on DMRC. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 price target on shares of Digimarc in a research note on Friday, November 15th. StockNews.com upgraded Digimarc to a “sell” rating in a report on Tuesday, September 17th.

Digimarc Company Profile

Digimarc Corporation, together with its subsidiaries, provides automatic identification solutions to commercial and government customers in the United States and internationally. The company offers Digimarc Validate protects, a cloud-based record of product authentication information; Digimarc Engage, an interactive communications channel connecting brands and consumers; and Digimarc Recycle.