Richard Spurr Sells 28,995 Shares of Zix Co. (ZIXI) Stock

Zix Co. (NASDAQ:ZIXI) Director Richard Spurr sold 28,995 shares of the company’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $5.79, for a total value of $167,881.05. Following the completion of the transaction, the director now directly owns 42,348 shares in the company, valued at approximately $245,194.92. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Richard Spurr also recently made the following trade(s):

  • On Tuesday, May 9th, Richard Spurr sold 33,060 shares of Zix stock. The shares were sold at an average price of $5.62, for a total value of $185,797.20.
  • On Monday, May 8th, Richard Spurr sold 151,045 shares of Zix stock. The shares were sold at an average price of $5.53, for a total value of $835,278.85.
  • On Thursday, May 4th, Richard Spurr sold 53,500 shares of Zix stock. The stock was sold at an average price of $5.53, for a total value of $295,855.00.
  • On Tuesday, May 2nd, Richard Spurr sold 116,010 shares of Zix stock. The stock was sold at an average price of $5.57, for a total value of $646,175.70.

Zix Co. (NASDAQ:ZIXI) traded up 1.693% during mid-day trading on Friday, reaching $5.888. The company’s stock had a trading volume of 353,486 shares. Zix Co. has a 52 week low of $3.61 and a 52 week high of $5.99. The firm has a 50-day moving average of $5.30 and a 200-day moving average of $4.92. The stock has a market capitalization of $313.58 million, a price-to-earnings ratio of 53.527 and a beta of 1.37.

Zix (NASDAQ:ZIXI) last announced its quarterly earnings data on Tuesday, April 25th. The software maker reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by $0.03. Zix had a net margin of 9.70% and a return on equity of 18.95%. The company had revenue of $15.89 million for the quarter, compared to analyst estimates of $15.70 million. During the same quarter last year, the company posted $0.06 EPS. Zix’s revenue was up 10.9% on a year-over-year basis. On average, equities research analysts expect that Zix Co. will post $0.28 earnings per share for the current year.

Insider Buying and Selling by Quarter for Zix (NASDAQ:ZIXI)

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Large investors have recently made changes to their positions in the stock. Penserra Capital Management LLC increased its stake in shares of Zix by 11.5% in the third quarter. Penserra Capital Management LLC now owns 2,248,391 shares of the software maker’s stock valued at $9,218,000 after buying an additional 232,101 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Zix by 491.3% in the third quarter. JPMorgan Chase & Co. now owns 165,231 shares of the software maker’s stock valued at $677,000 after buying an additional 137,287 shares during the period. BlackRock Advisors LLC increased its stake in shares of Zix by 3.4% in the third quarter. BlackRock Advisors LLC now owns 289,134 shares of the software maker’s stock valued at $1,185,000 after buying an additional 9,541 shares during the period. BlackRock Inc. increased its stake in shares of Zix by 65.1% in the third quarter. BlackRock Inc. now owns 57,191 shares of the software maker’s stock valued at $235,000 after buying an additional 22,560 shares during the period. Finally, SECOR Capital Advisors LP increased its stake in shares of Zix by 95.8% in the third quarter. SECOR Capital Advisors LP now owns 107,668 shares of the software maker’s stock valued at $441,000 after buying an additional 52,692 shares during the period. Institutional investors own 65.31% of the company’s stock.

Separately, Imperial Capital increased their price objective on Zix from $6.00 to $6.50 and gave the company an “outperform” rating in a report on Monday, May 1st.

About Zix

Zix Corporation offers e-mail encryption, data loss prevention and bring-your-own-device (BYOD) security to meet business data protection and compliance needs. The Company operates through e-mail encryption and security solutions. Its Zix Email Encryption enables the secure exchange of e-mails that include sensitive information through a secure messaging service.

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