Jane Street Group LLC Trims Stake in Digimarc Co. (NASDAQ:DMRC)

Jane Street Group LLC reduced its stake in shares of Digimarc Co. (NASDAQ:DMRC) by 54.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,393 shares of the information technology services provider’s stock after selling 23,151 shares during the quarter. Jane Street Group LLC owned 0.09% of Digimarc worth $521,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Rhumbline Advisers raised its position in Digimarc by 3.3% during the second quarter. Rhumbline Advisers now owns 21,683 shares of the information technology services provider’s stock valued at $672,000 after acquiring an additional 693 shares in the last quarter. Curi RMB Capital LLC increased its position in shares of Digimarc by 0.7% in the third quarter. Curi RMB Capital LLC now owns 117,821 shares of the information technology services provider’s stock valued at $3,167,000 after buying an additional 843 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of Digimarc by 28.4% in the third quarter. BNP Paribas Financial Markets now owns 7,800 shares of the information technology services provider’s stock valued at $210,000 after buying an additional 1,724 shares in the last quarter. FMR LLC increased its position in shares of Digimarc by 201.6% in the third quarter. FMR LLC now owns 4,983 shares of the information technology services provider’s stock valued at $134,000 after buying an additional 3,331 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Digimarc by 3.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 120,646 shares of the information technology services provider’s stock valued at $3,243,000 after buying an additional 3,801 shares in the last quarter. 66.85% of the stock is currently owned by hedge funds and other institutional investors.

Digimarc Price Performance

Shares of NASDAQ:DMRC opened at $46.81 on Monday. The business’s 50 day moving average price is $34.56 and its 200-day moving average price is $31.24. The firm has a market capitalization of $1.00 billion, a PE ratio of -24.01 and a beta of 1.67. Digimarc Co. has a 1 year low of $21.00 and a 1 year high of $48.09.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Needham & Company LLC restated a “buy” rating and issued a $40.00 price objective on shares of Digimarc in a research report on Friday, November 15th. StockNews.com upgraded Digimarc to a “sell” rating in a research 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.