Kendall Larsen Sells 4,575 Shares of Virnetx (NASDAQ:VHC) Stock

Virnetx Holding Corp (NASDAQ:VHC) CEO Kendall Larsen sold 4,575 shares of the stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $11.51, for a total value of $52,658.25. Following the completion of the transaction, the chief executive officer directly owned 360,058 shares in the company, valued at approximately $4,144,267.58. This represents a 1.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kendall Larsen also recently made the following trade(s):

• On Monday, August 31st, Kendall Larsen sold 5,000 shares of Virnetx stock. The shares were sold at an average price of $11.17, for a total value of $55,850.00.

Virnetx Stock Up 1.2%

Virnetx stock opened at $11.44 on Friday. Virnetx Holding Corp has a 52-week low of $9.82 and a 52-week high of $29.00. The company has a market cap of $47.93 million, a P/E ratio of -2.13 and a beta of 2.28. The business has a 50-day simple moving average of $12.77 and a two-hundred day simple moving average of $14.04.

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

Institutional Trading of Virnetx

Institutional investors and hedge funds have recently modified their holdings of the company. Csenge Advisory Group purchased a new position in shares of Virnetx in the second quarter valued at about $868,000. Williams Jones Wealth Management LLC. grew its position in shares of Virnetx by 19.0% during the fourth 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 in the last quarter. Geode Capital Management LLC grew 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 purchasing an additional 4,684 shares in the last quarter. Vanguard Group Inc. raised its stake 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. Finally, BlackRock Inc. bought a new stake in Virnetx during the 2nd quarter valued at approximately $840,000. 10.37% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

VHC has been the topic of a number of recent research reports. Wall Street Zen cut Virnetx from a “sell” rating to a “strong sell” rating in a report on Saturday, August 22nd. Weiss Ratings reissued 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 data from MarketBeat.com, the stock has an average rating of “Sell”.

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.