Vuzix (NASDAQ:VUZI) Insider Sells $31,373.47 in Stock

by · The Markets Daily

Vuzix Corporation (NASDAQ:VUZI – Get Free Report) insider Christopher Iain Parkinson sold 11,663 shares of the stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $2.69, for a total transaction of $31,373.47. Following the completion of the sale, the insider directly owned 131,130 shares of the company’s stock, valued at approximately $352,739.70. This trade represents a 8.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Christopher Iain Parkinson also recently made the following trade(s):

  • On Monday, December 22nd, Christopher Iain Parkinson sold 9,457 shares of Vuzix stock. The shares were sold at an average price of $2.92, for a total transaction of $27,614.44.

Vuzix Trading Up 1.5%

VUZI stock traded up $0.04 during trading on Wednesday, reaching $2.67. 644,273 shares of the stock were exchanged, compared to its average volume of 1,038,382. Vuzix Corporation has a twelve month low of $1.47 and a twelve month high of $4.29. The company has a market capitalization of $213.95 million, a P/E ratio of -5.80 and a beta of 1.40. The stock has a 50 day simple moving average of $2.99 and a 200-day simple moving average of $2.90.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Vuzix from a “sell” rating to a “hold” rating in a research note on Sunday, February 22nd. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold”.

Get Our Latest Stock Report on Vuzix

Institutional Investors Weigh In On Vuzix

Large investors have recently modified their holdings of the business. State Street Corp boosted its holdings in shares of Vuzix by 373.7% during the 4th quarter. State Street Corp now owns 7,226,194 shares of the company’s stock valued at $27,315,000 after acquiring an additional 5,700,613 shares in the last quarter. Millennium Management LLC raised its position in Vuzix by 278.1% in the first quarter. Millennium Management LLC now owns 1,911,972 shares of the company’s stock valued at $3,900,000 after purchasing an additional 1,406,234 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Vuzix during the second quarter valued at about $3,547,000. AIGH Capital Management LLC bought a new stake in shares of Vuzix during the third quarter worth about $2,813,000. Finally, Geode Capital Management LLC raised its holdings in Vuzix by 101.7% in the 2nd quarter. Geode Capital Management LLC now owns 1,519,934 shares of the company’s stock valued at $4,439,000 after buying an additional 766,420 shares during the last quarter. 35.87% of the stock is currently owned by institutional investors.

Vuzix Company Profile

(Get Free Report)

Vuzix Corporation (NASDAQ: VUZI) is a technology company specializing in the design, development and manufacture of wearable display devices and smart glasses. Headquartered in Rochester, New York, Vuzix focuses on next-generation augmented reality (AR) and virtual reality (VR) solutions that enable hands-free access to video, data and applications. Its products integrate high-resolution optics, onboard sensors and wireless connectivity to support immersive visual experiences for professional and consumer use.

Vuzix’s product portfolio includes smart glasses and head-mounted displays such as the Vuzix Blade series and the M400 family.

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