Archon Capital Management LLC lowered its holdings in shares of Datawatch Corporation (NASDAQ:DWCH) by 81.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 66,353 shares of the technology company’s stock after selling 284,906 shares during the period. Datawatch comprises about 0.4% of Archon Capital Management LLC’s investment portfolio, making the stock its 20th biggest position. Archon Capital Management LLC owned 0.54% of Datawatch worth $766,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in DWCH. EAM Investors LLC boosted its position in Datawatch by 62.5% during the 3rd quarter. EAM Investors LLC now owns 240,709 shares of the technology company’s stock valued at $2,780,000 after buying an additional 92,595 shares during the period. Citadel Advisors LLC purchased a new stake in Datawatch during the 2nd quarter valued at $760,000. Renaissance Technologies LLC boosted its position in Datawatch by 34.2% during the 1st quarter. Renaissance Technologies LLC now owns 224,600 shares of the technology company’s stock valued at $1,887,000 after buying an additional 57,200 shares during the period. Essex Investment Management Co. LLC boosted its position in Datawatch by 35.8% during the 2nd quarter. Essex Investment Management Co. LLC now owns 203,130 shares of the technology company’s stock valued at $1,889,000 after buying an additional 53,520 shares during the period. Finally, Macquarie Group Ltd. purchased a new stake in Datawatch during the 3rd quarter valued at $486,000. 40.13% of the stock is currently owned by institutional investors.

In other news, CEO Michael Anthony Morrison sold 24,426 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $10.07, for a total value of $245,969.82. Following the completion of the sale, the chief executive officer now directly owns 147,465 shares of the company’s stock, valued at approximately $1,484,972.55. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO James Eliason sold 16,156 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $9.91, for a total transaction of $160,105.96. The disclosure for this sale can be found here. Company insiders own 17.69% of the company’s stock.

Shares of Datawatch Corporation (NASDAQ:DWCH) opened at $10.20 on Monday. Datawatch Corporation has a 12-month low of $5.25 and a 12-month high of $12.65.

Datawatch (NASDAQ:DWCH) last posted its earnings results on Wednesday, November 1st. The technology company reported ($0.01) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.03). Datawatch had a negative return on equity of 6.82% and a negative net margin of 11.01%. The company had revenue of $10.20 million during the quarter, compared to analysts’ expectations of $9.49 million. The firm’s revenue for the quarter was up 18.6% on a year-over-year basis.

Several equities research analysts have weighed in on the stock. Canaccord Genuity reissued a “hold” rating and set a $10.00 price target on shares of Datawatch in a research report on Monday, October 30th. Zacks Investment Research cut shares of Datawatch from a “buy” rating to a “hold” rating in a research report on Tuesday, September 19th.

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Datawatch 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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Institutional Ownership by Quarter for Datawatch (NASDAQ:DWCH)

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