Algert Global LLC acquired a new position in shares of Datawatch Corporation (NASDAQ:DWCH) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 11,050 shares of the technology company’s stock, valued at approximately $103,000. Algert Global LLC owned about 0.09% of Datawatch Corporation as of its most recent filing with the SEC.
Other hedge funds have also bought and sold shares of the company. KCG Holdings Inc. boosted its stake in Datawatch Corporation by 5.7% in the first quarter. KCG Holdings Inc. now owns 17,390 shares of the technology company’s stock worth $146,000 after buying an additional 939 shares during the period. Bank of New York Mellon Corp boosted its stake in Datawatch Corporation by 10.4% in the first quarter. Bank of New York Mellon Corp now owns 17,546 shares of the technology company’s stock worth $148,000 after buying an additional 1,649 shares during the period. Goldman Sachs Group Inc. boosted its stake in Datawatch Corporation by 25.8% in the first quarter. Goldman Sachs Group Inc. now owns 21,276 shares of the technology company’s stock worth $179,000 after buying an additional 4,357 shares during the period. Royce & Associates LP boosted its stake in Datawatch Corporation by 9.1% in the first quarter. Royce & Associates LP now owns 101,603 shares of the technology company’s stock worth $853,000 after buying an additional 8,440 shares during the period. Finally, Concourse Capital Management LLC purchased a new stake in shares of Datawatch Corporation during the first quarter valued at approximately $228,000. Institutional investors and hedge funds own 39.85% of the company’s stock.
Shares of Datawatch Corporation (NASDAQ:DWCH) opened at 9.55 on Friday. The company’s 50 day moving average price is $9.90 and its 200 day moving average price is $8.40. The stock’s market capitalization is $116.50 million. Datawatch Corporation has a 12 month low of $5.25 and a 12 month high of $11.98.
Datawatch Corporation (NASDAQ:DWCH) last issued its quarterly earnings data on Wednesday, July 19th. The technology company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.08. The firm had revenue of $9.10 million during the quarter, compared to analysts’ expectations of $8.83 million. Datawatch Corporation had a negative return on equity of 10.87% and a negative net margin of 14.74%. The firm’s quarterly revenue was up 23.0% on a year-over-year basis. Equities analysts anticipate that Datawatch Corporation will post ($0.10) earnings per share for the current fiscal year.
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Several analysts recently commented on the company. Zacks Investment Research upgraded Datawatch Corporation from a “hold” rating to a “strong-buy” rating and set a $12.00 price target for the company in a research report on Friday, July 21st. Canaccord Genuity boosted their price target on Datawatch Corporation from $8.50 to $10.00 and gave the stock a “hold” rating in a research report on Thursday, July 20th. ValuEngine upgraded Datawatch Corporation from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, National Securities upgraded Datawatch Corporation from a “neutral” rating to a “buy” rating in a research report on Friday, April 21st.
In related news, Director Randy Seidl sold 7,167 shares of Datawatch Corporation stock in a transaction on Monday, July 24th. The stock was sold at an average price of $10.58, for a total transaction of $75,826.86. Following the completion of the transaction, the director now directly owns 19,000 shares of the company’s stock, valued at $201,020. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Ken Tacelli sold 16,909 shares of Datawatch Corporation stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $11.18, for a total value of $189,042.62. Following the transaction, the chief operating officer now directly owns 68,091 shares of the company’s stock, valued at $761,257.38. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 94,076 shares of company stock valued at $1,041,409. 17.69% of the stock is currently owned by insiders.
Datawatch Corporation Company Profile
Datawatch Corporation is engaged in the design, development, marketing, distribution and support of business computer software primarily for the self-service data preparation and visual data discovery markets. The Company also provides services, including implementation and support of its software products, as well as training on their use and administration.
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