Virnetx (NASDAQ:VHC) Shares Down 1.9% – Should You Sell?

Virnetx Holding Corp (NASDAQ:VHC)’s share price fell 1.9% during trading on Friday . The stock traded as low as $13.00 and last traded at $14.01. 19,201 shares traded hands during mid-day trading, an increase of 40% from the average session volume of 13,674 shares. The stock had previously closed at $14.28.

Analyst Upgrades and Downgrades

VHC has been the topic of several research reports. Wall Street Zen cut Virnetx from a “hold” rating to a “sell” rating in a report on Saturday. Weiss Ratings initiated coverage on shares of Virnetx in a report on Wednesday, December 24th. They issued a “sell (d-)” rating for the company. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Virnetx Price Performance

The company has a market capitalization of $59.82 million, a price-to-earnings ratio of -2.85 and a beta of 2.21. The stock has a 50-day simple moving average of $18.12.

Institutional Trading of Virnetx

Several institutional investors have recently added to or reduced their stakes in VHC. Vanguard Group Inc. increased its position in Virnetx by 2.9% during the 3rd quarter. Vanguard Group Inc. now owns 172,337 shares of the company’s stock valued at $2,947,000 after purchasing an additional 4,815 shares during the period. Williams Jones Wealth Management LLC. lifted its position in shares of Virnetx by 19.0% in the 4th quarter. Williams Jones Wealth Management LLC. now owns 100,165 shares of the company’s stock worth $1,672,000 after purchasing an additional 16,000 shares during the period. Csenge Advisory Group boosted its stake in shares of Virnetx by 13.8% in the 4th 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 last quarter. Geode Capital Management LLC increased its position in shares of Virnetx by 12.6% during the fourth quarter. Geode Capital Management LLC now owns 41,923 shares of the company’s stock worth $700,000 after buying an additional 4,684 shares during the period. Finally, HighTower Advisors LLC increased its position in shares of Virnetx by 3.1% during the fourth quarter. HighTower Advisors LLC now owns 20,571 shares of the company’s stock worth $343,000 after buying an additional 625 shares during the period. 10.37% of the stock is currently owned by institutional investors.

About Virnetx

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.