The latest data from GuruFocus shows that EVP, Chief Product Officer N/A bought 648 shares of Digimarc Corp (DMRC) on 2023-05-18.
When insiders buy shares of their company’s stock, it can often be a positive sign. It could signal that insiders are turning bullish on the future of their company. Insiders know far more about their company than the general public does, so it is worth paying attention to their trades. With this in mind, let’s take a look at this insider buy to see if Digimarc Corp deserves the attention of investors.
Ken Sickles’s trades
Over the past year, Ken Sickles has purchased 0 shares in total.
This means that Ken Sickles has been buying their company’s stock over the long term. This could be a positive sign for the stock’s future.
Insider trends
Some investors may wonder whether one insider’s buys are that important. Are other insiders buying the stock as well, or are other insiders selling?
The insider transaction history for Digimarc Corp shows than there have been 1 insiders buys in total over the past year. Meanwhile, there have been 2 insider sells over the same timeframe.
Although Ken Sickles has been buying shares recently, it seems that most of their peers are selling. However, insiders sell for many reasons. Maybe they need the cash, or maybe they are trying to lower their taxes. High insider selling could be a bad sign or a neutral sign, depending on the reason for the sales.
Valuation
Shares of Digimarc Corp were trading for $30.87 apice on the day of Ken Sickles’s recent buy. This gives the stock a market cap of $625.844 Millions.
With a price of $30.87 and a GuruFocus Value $23.18, Digimarc Corp has a price-to-GF-Value ratio of 1.33. This means the stock is Significantly Overvalued based on its GF Value.
Please note, the numbers and facts quoted are as of the writing of this article and may not factor in the latest trading data or company announcements.
When GuruFocus covers insider information, we only track open market or the private purchase and sale of common stock with the transaction code of P or S. Therefore, all the transactions mentioned in this article are only the ones with transaction code of P or S.
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