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

Vuzix Corporation (NASDAQ:VUZI) insider Christopher Iain Parkinson sold 11,663 shares of the company’s stock in a transaction dated Wednesday, March 4th. The stock was 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 $352,739.70. The trade was a 8.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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 Down 2.3%

VUZI stock opened at $2.55 on Friday. Vuzix Corporation has a 52 week low of $1.47 and a 52 week high of $4.29. The company has a market capitalization of $204.33 million, a price-to-earnings ratio of -5.54 and a beta of 1.40. The firm’s 50-day moving average is $2.96 and its two-hundred day moving average is $2.90.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut Vuzix from a “hold” rating to a “sell” rating in a report on Saturday. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Jump Financial LLC bought a new stake in Vuzix in the second quarter worth about $31,000. Caitong International Asset Management Co. Ltd raised its stake in Vuzix by 424.2% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 9,493 shares of the company’s stock valued at $36,000 after purchasing an additional 7,682 shares during the period. Quantbot Technologies LP acquired a new stake in Vuzix during the 3rd quarter valued at $36,000. State of Wyoming purchased a new stake in shares of Vuzix in the fourth quarter valued at $38,000. Finally, Insigneo Advisory Services LLC purchased a new stake in shares of Vuzix in the fourth quarter valued at $41,000. 35.87% of the stock is owned by institutional investors and hedge funds.

About Vuzix

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.