Insider Selling: Virnetx (NASDAQ:VHC) CEO Sells $55,850.00 in Stock

Virnetx Holding Corp (NASDAQ:VHC) CEO Kendall Larsen sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $11.17, for a total transaction of $55,850.00. Following the sale, the chief executive officer owned 369,633 shares of the company’s stock, valued at $4,128,800.61. This represents a 1.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kendall Larsen also recently made the following trade(s):

• On Wednesday, September 2nd, Kendall Larsen sold 4,575 shares of Virnetx stock. The shares were sold at an average price of $11.51, for a total transaction of $52,658.25.

Virnetx Price Performance

Shares of NASDAQ:VHC opened at $11.65 on Friday. The company’s fifty day moving average price is $12.75 and its 200 day moving average price is $14.02. Virnetx Holding Corp has a 12 month low of $9.82 and a 12 month high of $29.00. The firm has a market capitalization of $48.81 million, a P/E ratio of -2.17 and a beta of 2.28.

Virnetx (NASDAQ:VHC) last released its quarterly earnings data on Friday, August 14th. The company reported ($1.20) earnings per share (EPS) for the quarter.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its position in Virnetx by 9,676.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,986 shares of the company’s stock worth $85,000 after acquiring an additional 4,935 shares during the period. State Street Corp raised its stake in shares of Virnetx by 21.9% during the fourth quarter. State Street Corp now owns 14,447 shares of the company’s stock worth $241,000 after purchasing an additional 2,600 shares during the last quarter. HighTower Advisors LLC raised its stake in shares of Virnetx by 3.1% during the fourth quarter. HighTower Advisors LLC now owns 20,571 shares of the company’s stock worth $343,000 after purchasing an additional 625 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Virnetx by 4.2% during the second quarter. Geode Capital Management LLC now owns 32,357 shares of the company’s stock worth $351,000 after purchasing an additional 1,318 shares during the period. Finally, BlackRock Inc. acquired a new stake in shares of Virnetx during the second quarter worth $840,000. 10.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on VHC shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Virnetx in a research report on Thursday, June 18th. Wall Street Zen upgraded Virnetx from a “strong sell” rating to a “sell” rating in a research note on Saturday. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

Virnetx Company Profile

VirnetX Holding Corp. is a U.S.-based technology company focused on secure communications and network security technologies. The company develops, owns and licenses intellectual property covering methods and systems for encrypted communications, virtual private networks and secure domain name resolution. VirnetX’s work centers on technologies designed to protect data in transit and enable private, authenticated connections across public networks.

VirnetX’s offerings are primarily deployed through licensing arrangements and technology integrations rather than through mass-market consumer products.