Virnetx (NASDAQ:VHC) CEO Kendall Larsen Sells 5,000 Shares

Virnetx Holding Corp (NASDAQ:VHC) CEO Kendall Larsen sold 5,000 shares of Virnetx stock in a transaction on Monday, August 31st. The shares were sold at an average price of $11.17, for a total transaction of $55,850.00. Following the transaction, the chief executive officer owned 369,633 shares in the company, valued at approximately $4,128,800.61. This trade represents a 1.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available 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 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 value of $52,658.25.

Virnetx Price Performance

Shares of Virnetx stock traded up $0.02 during trading hours on Wednesday, hitting $11.30. The company’s stock had a trading volume of 562,181 shares, compared to its average volume of 36,751. The business has a 50 day moving average price of $12.78 and a two-hundred day moving average price of $14.08. Virnetx Holding Corp has a 12-month low of $9.82 and a 12-month high of $29.00.

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

Analyst Ratings Changes

A number of equities analysts recently weighed in on VHC shares. Wall Street Zen lowered shares of Virnetx from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 22nd. Weiss Ratings restated 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 MarketBeat.com, the company has a consensus rating of “Sell”.

Hedge Funds Weigh In On Virnetx

A number of institutional investors have recently bought and sold shares of the business. HighTower Advisors LLC increased its stake in shares of Virnetx by 3.1% in the fourth quarter. HighTower Advisors LLC now owns 20,571 shares of the company’s stock worth $343,000 after acquiring an additional 625 shares during the period. Geode Capital Management LLC boosted its stake in shares of Virnetx by 4.2% in the second quarter. Geode Capital Management LLC now owns 32,357 shares of the company’s stock worth $351,000 after buying an additional 1,318 shares during the last quarter. State Street Corp grew its holdings in 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 acquiring an additional 2,600 shares during the period. Vanguard Group Inc. lifted its holdings in Virnetx by 2.9% in the third quarter. Vanguard Group Inc. now owns 172,337 shares of the company’s stock valued at $2,947,000 after acquiring an additional 4,815 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in Virnetx by 9,676.5% during the third quarter. JPMorgan Chase & Co. now owns 4,986 shares of the company’s stock worth $85,000 after buying an additional 4,935 shares in the last quarter. 10.37% of the stock is owned by hedge funds and other institutional investors.

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.