Zacks Investment Research lowered shares of Datawatch Corporation (NASDAQ:DWCH) from a buy rating to a hold rating in a research report report published on Tuesday.

According to Zacks, “Datawatch Corporation is a provider of Enterprise Reporting, Report Mining and Service Center software products that help organizations increase productivity, reduce costs and gain competitive advantages. Datawatch products are used in more than 20,000 companies, institutions and government agencies worldwide. Datawatch is best known for its popular report mining application called Monarch. Monarch lets users extract and manipulate data from ASCII report files produced on any mainframe, midrange, client/server or PC system. “

Other equities research analysts have also recently issued research reports about the company. Canaccord Genuity boosted their price objective on Datawatch Corporation from $8.50 to $10.00 and gave the stock a hold rating in a report on Thursday, July 20th. ValuEngine upgraded Datawatch Corporation from a sell rating to a hold rating in a report on Friday, June 2nd.

Shares of Datawatch Corporation (DWCH) traded down 0.46% during mid-day trading on Tuesday, reaching $10.80. The company had a trading volume of 9,500 shares. The company’s market capitalization is $131.75 million. The firm’s 50-day moving average is $10.24 and its 200 day moving average is $8.94. Datawatch Corporation has a 12 month low of $5.25 and a 12 month high of $11.98.

Datawatch Corporation (NASDAQ:DWCH) last announced its quarterly earnings results on Wednesday, July 19th. The technology company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.08. The firm had revenue of $9.10 million for the quarter, compared to the consensus estimate of $8.83 million. Datawatch Corporation had a negative return on equity of 10.87% and a negative net margin of 14.74%. The business’s revenue for the quarter was up 23.0% on a year-over-year basis. On average, equities research analysts predict that Datawatch Corporation will post ($0.10) earnings per share for the current year.

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In other news, Director Richard De J. Osborne sold 34,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $11.15, for a total transaction of $379,100.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Randy Seidl sold 7,167 shares of the business’s stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $10.58, for a total value of $75,826.86. Following the sale, the director now owns 19,000 shares of the company’s stock, valued at approximately $201,020. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 108,278 shares of company stock valued at $1,177,891. Corporate insiders own 17.69% of the company’s stock.

Several large investors have recently modified their holdings of DWCH. Algert Global LLC bought a new stake in shares of Datawatch Corporation during the second quarter worth approximately $103,000. KCG Holdings Inc. boosted its holdings in shares of Datawatch Corporation by 5.7% during the first quarter. KCG Holdings Inc. now owns 17,390 shares of the technology company’s stock worth $146,000 after acquiring an additional 939 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Datawatch Corporation by 10.4% during the first quarter. Bank of New York Mellon Corp now owns 17,546 shares of the technology company’s stock worth $148,000 after acquiring an additional 1,649 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Datawatch Corporation by 25.8% during the first quarter. Goldman Sachs Group Inc. now owns 21,276 shares of the technology company’s stock worth $179,000 after acquiring an additional 4,357 shares during the period. Finally, Concourse Capital Management LLC bought a new stake in shares of Datawatch Corporation during the first quarter worth approximately $228,000. Institutional investors own 40.69% of the company’s stock.

Datawatch Corporation Company Profile

Datawatch Corporation is engaged in the design, development, marketing, distribution and support of business computer software primarily for the self-service data preparation and visual data discovery markets. The Company also provides services, including implementation and support of its software products, as well as training on their use and administration.

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