Beamr Imaging (NASDAQ:BMR) Trading Down 0.8% – Here’s Why

Beamr Imaging Ltd. (NASDAQ:BMR)’s stock price dropped 0.8% during trading on Wednesday . The company traded as low as $1.28 and last traded at $1.28. 29,400 shares were traded during mid-day trading, a decline of 58% from the average session volume of 69,247 shares. The stock had previously closed at $1.29.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Beamr Imaging in a research report on Thursday, August 13th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Beamr Imaging Stock Up 2.3%

The company has a fifty day moving average of $1.38 and a 200 day moving average of $1.61.

Beamr Imaging (NASDAQ:BMR) last announced its quarterly earnings data on Tuesday, August 11th. The company reported ($0.14) EPS for the quarter. The firm had revenue of $0.44 million during the quarter.

Insider Buying and Selling

In other Beamr Imaging news, CEO Sharon Carmel acquired 82,650 shares of the company’s stock in a transaction dated Wednesday, July 22nd. The shares were acquired at an average cost of $1.28 per share, with a total value of $105,792.00. Following the acquisition, the chief executive officer directly owned 3,650,840 shares of the company’s stock, valued at approximately $4,673,075.20. The trade was a 2.32% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 1.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Beamr Imaging

Hedge funds and other institutional investors have recently modified their holdings of the business. Cubist Systematic Strategies LLC acquired a new position in shares of Beamr Imaging in the 1st quarter worth approximately $84,000. Renaissance Technologies LLC grew its position in Beamr Imaging by 56.2% in the 4th quarter. Renaissance Technologies LLC now owns 41,700 shares of the company’s stock valued at $65,000 after acquiring an additional 15,000 shares in the last quarter. Two Sigma Investments LP acquired a new position in shares of Beamr Imaging in the third quarter valued at approximately $33,000. Finally, Susquehanna International Group LLP grew its stake in shares of Beamr Imaging by 15.2% in the third quarter. Susquehanna International Group LLP now owns 57,450 shares of the company’s stock worth $176,000 after acquiring an additional 7,600 shares in the last quarter. 0.71% of the stock is owned by hedge funds and other institutional investors.

About Beamr Imaging

Beamr Imaging (NASDAQ: BMR) is a technology company specializing in perceptual image and video compression solutions. The company develops software encoders and cloud-based optimization tools that reduce file sizes while preserving visual quality. Its proprietary technology analyzes visual data in accordance with human perception, allowing media providers to deliver high-resolution content with lower bandwidth consumption.

Beamr’s product suite includes an image optimization SDK, a video encoder that supports multiple codecs, and an API for cloud integration.