Datawatch Corporation (NASDAQ:DWCH) had its price objective increased by Canaccord Genuity from $8.50 to $10.00 in a research note issued to investors on Thursday, July 20th, Marketbeat.com reports. The firm currently has a “hold” rating on the technology company’s stock. Canaccord Genuity’s target price would suggest a potential downside of 7.41% from the company’s previous close.

A number of other research firms have also recently commented on DWCH. Zacks Investment Research cut Datawatch Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, April 25th. National Securities raised Datawatch Corporation from a “neutral” rating to a “buy” rating in a report on Friday, April 21st. Finally, ValuEngine raised Datawatch Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 2nd.

Shares of Datawatch Corporation (NASDAQ DWCH) traded up 0.47% during mid-day trading on Thursday, hitting $10.80. The stock had a trading volume of 79,008 shares. The firm’s market cap is $131.75 million. Datawatch Corporation has a 52 week low of $5.25 and a 52 week high of $11.98. The stock has a 50 day moving average price of $9.34 and a 200 day moving average price of $8.19.

Datawatch Corporation (NASDAQ:DWCH) last posted its quarterly earnings results on Wednesday, July 19th. The technology company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.08. Datawatch Corporation had a negative return on equity of 10.87% and a negative net margin of 14.74%. The company had revenue of $9.10 million during the quarter, compared to analysts’ expectations of $8.83 million. The company’s revenue for the quarter was up 23.0% compared to the same quarter last year. Equities research analysts expect that Datawatch Corporation will post ($0.10) EPS for the current fiscal year.

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In other news, COO Ken Tacelli sold 16,909 shares of the business’s stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $11.18, for a total transaction of $189,042.62. Following the completion of the transaction, the chief operating officer now owns 68,091 shares of the company’s stock, valued at approximately $761,257.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Richard De J. Osborne sold 18,000 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $11.27, for a total value of $202,860.00. The disclosure for this sale can be found here. Insiders have sold a total of 94,076 shares of company stock valued at $1,041,409 in the last three months. 17.69% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of the company. Algert Global LLC acquired a new position in Datawatch Corporation during the second quarter worth approximately $103,000. Essex Investment Management Co. LLC boosted its position in shares of Datawatch Corporation by 35.8% in the second quarter. Essex Investment Management Co. LLC now owns 203,130 shares of the technology company’s stock worth $1,889,000 after buying an additional 53,520 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of 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 last quarter. KCG Holdings Inc. boosted its position in shares of 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 last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of Datawatch Corporation by 34.2% in the first quarter. Renaissance Technologies LLC now owns 224,600 shares of the technology company’s stock worth $1,887,000 after buying an additional 57,200 shares during the last quarter. 39.85% of the stock is owned by institutional investors.

About Datawatch Corporation

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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