Virnetx (NASDAQ:VHC) Shares Down 4.7% – Time to Sell?

Virnetx Holding Corp (NASDAQ:VHC)’s stock price fell 4.7% on Tuesday . The company traded as low as $12.22 and last traded at $12.25. 18,107 shares traded hands during mid-day trading, a decline of 20% from the average session volume of 22,629 shares. The stock had previously closed at $12.86.

Analyst Ratings Changes

A number of research firms recently weighed in on VHC. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Virnetx in a research note on Monday, March 23rd. Wall Street Zen lowered shares of Virnetx from a “hold” rating to a “sell” rating in a research note on Saturday, March 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Virnetx has an average rating of “Sell”.

Virnetx Stock Down 4.7%

The stock has a market capitalization of $51.33 million, a price-to-earnings ratio of -2.45 and a beta of 2.18. The firm’s 50-day moving average price is $15.16.

Virnetx (NASDAQ:VHC) last released its quarterly earnings results on Tuesday, March 24th. The company reported ($1.83) EPS for the quarter. The business had revenue of $0.06 million for the quarter.

Institutional Trading of Virnetx

Several hedge funds have recently modified their holdings of VHC. Csenge Advisory Group lifted its position in shares of Virnetx by 44.1% during the third quarter. Csenge Advisory Group now owns 59,968 shares of the company’s stock valued at $1,079,000 after buying an additional 18,353 shares during the last quarter. Williams Jones Wealth Management LLC. lifted 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 valued at $1,672,000 after buying an additional 16,000 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Virnetx by 9,676.5% during the third quarter. JPMorgan Chase & Co. now owns 4,986 shares of the company’s stock valued at $85,000 after buying an additional 4,935 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Virnetx by 2.9% during the third quarter. Vanguard Group Inc. now owns 172,337 shares of the company’s stock valued at $2,947,000 after buying an additional 4,815 shares during the last quarter. Finally, Geode Capital Management LLC lifted 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 valued at $700,000 after buying an additional 4,684 shares during the last quarter. 10.37% of the stock is owned by hedge funds and other institutional investors.

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.