Insider Selling: Virnetx (NASDAQ:VHC) CEO Sells $91,840.00 in Stock

Virnetx Holding Corp (NASDAQ:VHCGet Free Report) CEO Kendall Larsen sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $11.48, for a total value of $91,840.00. Following the completion of the transaction, the chief executive officer owned 352,058 shares of the company’s stock, valued at $4,041,625.84. The trade was a 2.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

  • On Monday, September 14th, Kendall Larsen sold 4,425 shares of Virnetx stock. The shares were sold at an average price of $11.17, for a total transaction of $49,427.25.
  • On Wednesday, September 2nd, Kendall Larsen sold 4,575 shares of Virnetx stock. The stock was sold at an average price of $11.51, for a total transaction of $52,658.25.
  • On Monday, August 31st, Kendall Larsen sold 5,000 shares of Virnetx stock. The stock was sold at an average price of $11.17, for a total transaction of $55,850.00.

Virnetx Stock Performance

VHC opened at $11.57 on Thursday. The stock has a market capitalization of $48.48 million, a price-to-earnings ratio of -2.15 and a beta of 2.28. The company has a fifty day moving average of $12.65 and a 200 day moving average of $13.71. Virnetx Holding Corp has a fifty-two week low of $9.82 and a fifty-two week high of $29.00.

Virnetx (NASDAQ:VHCGet Free Report) last announced its quarterly earnings results on Friday, August 14th. The company reported ($1.20) EPS for the quarter.

Analyst Ratings Changes

Several equities analysts have weighed in on VHC shares. Wall Street Zen cut Virnetx from a “sell” rating to a “strong sell” rating in a report on Sunday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Virnetx in a report on Thursday, June 18th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Virnetx has a consensus rating of “Sell”.

Get Our Latest Stock Report on VHC

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Csenge Advisory Group raised its position in Virnetx by 13.8% during the fourth quarter. Csenge Advisory Group now owns 68,243 shares of the company’s stock valued at $1,139,000 after purchasing an additional 8,275 shares during the period. BlackRock Inc. bought a new stake in shares of Virnetx in the 2nd quarter valued at approximately $840,000. Finally, Baird Financial Group Inc. purchased a new position in shares of Virnetx in the 2nd quarter worth approximately $356,000. Hedge funds and other institutional investors own 10.37% of the company’s stock.

About Virnetx

(Get Free Report)

VirnetX Holding Corporation is a technology company focused on internet security and secure communications. Its intellectual property is designed to help protect voice, video, messaging and other digital communications through encrypted, private connections and domain-name-based authentication.

The company has developed and marketed technologies and software associated with secure communications, including its Gabriel secure communications platform and related products. VirnetX has also generated revenue through licensing and enforcement of its patent portfolio, which covers aspects of secure domain-name resolution, virtual private networks and other internet communication technologies.

VirnetX was founded in 2005 and is headquartered in Zephyr Cove, Nevada.

Further Reading

Receive News & Ratings for Virnetx Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Virnetx and related companies with MarketBeat.com's FREE daily email newsletter.