Zacks Investment Research lowered shares of Datawatch (NASDAQ:DWCH) from a hold rating to a sell rating in a research report report published on Monday.

According to Zacks, “Datawatch Corporation is a provider of Enterprise Reporting, Report Mining and Service Center software products that help organizations increase productivity, reduce costs and gain competitive advantages. Datawatch products are used in more than 20,000 companies, institutions and government agencies worldwide. Datawatch is best known for its popular report mining application called Monarch. Monarch lets users extract and manipulate data from ASCII report files produced on any mainframe, midrange, client/server or PC system. “

A number of other analysts also recently commented on the company. Craig Hallum set a $18.00 price objective on Datawatch and gave the stock a buy rating in a research report on Friday, January 5th. ValuEngine upgraded Datawatch from a sell rating to a hold rating in a research report on Sunday, December 31st. Finally, Canaccord Genuity reiterated a hold rating and issued a $10.00 price objective on shares of Datawatch in a research report on Monday, October 30th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $13.33.

Shares of Datawatch (NASDAQ:DWCH) traded up $0.35 during trading hours on Monday, reaching $11.50. The company had a trading volume of 131,224 shares, compared to its average volume of 159,328. Datawatch has a 1 year low of $5.40 and a 1 year high of $12.65. The company has a market cap of $136.07, a P/E ratio of -34.85, a price-to-earnings-growth ratio of 8.14 and a beta of 0.81.

Datawatch (NASDAQ:DWCH) last announced its quarterly earnings data on Wednesday, November 1st. The technology company reported ($0.01) EPS for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.03). Datawatch had a negative return on equity of 6.82% and a negative net margin of 11.01%. The firm had revenue of $10.20 million during the quarter, compared to the consensus estimate of $9.49 million. The company’s quarterly revenue was up 18.6% on a year-over-year basis. sell-side analysts anticipate that Datawatch will post 0.07 EPS for the current fiscal year.

In other Datawatch news, CEO Michael Anthony Morrison sold 24,426 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $10.07, for a total value of $245,969.82. Following the completion of the sale, the chief executive officer now owns 147,465 shares in the company, valued at approximately $1,484,972.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO James Eliason sold 16,156 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $9.91, for a total value of $160,105.96. The disclosure for this sale can be found here. 17.69% of the stock is currently owned by company insiders.

Institutional investors have recently bought and sold shares of the stock. Trexquant Investment LP lifted its position in shares of Datawatch by 38.7% during the 3rd quarter. Trexquant Investment LP now owns 19,138 shares of the technology company’s stock worth $221,000 after buying an additional 5,338 shares during the period. Northern Trust Corp lifted its position in shares of Datawatch by 4.9% during the 2nd quarter. Northern Trust Corp now owns 24,514 shares of the technology company’s stock worth $228,000 after buying an additional 1,148 shares during the period. JPMorgan Chase & Co. bought a new position in shares of Datawatch during the 2nd quarter worth approximately $233,000. GSA Capital Partners LLP bought a new position in shares of Datawatch during the 3rd quarter worth approximately $239,000. Finally, OxFORD Asset Management LLP bought a new position in shares of Datawatch during the 2nd quarter worth approximately $300,000. Institutional investors and hedge funds own 39.54% of the company’s stock.

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Datawatch 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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