Datawatch (NASDAQ:DWCH) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.

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. “

Separately, Canaccord Genuity reaffirmed a “hold” rating and issued a $10.00 target price on shares of Datawatch in a research report on Monday, October 30th.

Shares of Datawatch (NASDAQ DWCH) traded down $0.10 during trading on Wednesday, hitting $9.15. The company’s stock had a trading volume of 47,987 shares, compared to its average volume of 148,827. Datawatch has a one year low of $5.30 and a one year high of $12.65. The stock has a market cap of $114.00, a price-to-earnings ratio of -26.91, a PEG ratio of 6.64 and a beta of 0.82.

Datawatch (NASDAQ:DWCH) last issued its quarterly earnings results on Wednesday, November 1st. The technology company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $10.20 million for the quarter, compared to analysts’ expectations of $9.49 million. Datawatch’s revenue was up 18.6% on a year-over-year basis. equities research analysts expect that Datawatch will post 0.07 earnings per share for the current fiscal year.

In related news, CFO James Eliason sold 16,156 shares of the stock in a transaction on Monday, November 20th. The stock was sold at an average price of $9.91, for a total value of $160,105.96. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Michael Anthony Morrison sold 24,426 shares of the stock in a transaction 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 transaction, the chief executive officer now directly owns 147,465 shares in the company, valued at $1,484,972.55. The disclosure for this sale can be found here. Company insiders own 17.69% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Trexquant Investment LP raised its position in Datawatch by 38.7% in the third quarter. Trexquant Investment LP now owns 19,138 shares of the technology company’s stock valued at $221,000 after purchasing an additional 5,338 shares during the period. GSA Capital Partners LLP purchased a new position in Datawatch in the third quarter valued at about $239,000. Goldman Sachs Group Inc. raised its position in Datawatch by 25.8% in the first quarter. Goldman Sachs Group Inc. now owns 21,276 shares of the technology company’s stock valued at $179,000 after purchasing an additional 4,357 shares during the period. Northern Trust Corp raised its position in Datawatch by 4.9% in the second quarter. Northern Trust Corp now owns 24,514 shares of the technology company’s stock valued at $228,000 after purchasing an additional 1,148 shares during the period. Finally, JPMorgan Chase & Co. purchased a new position in Datawatch in the second quarter valued at about $233,000. 39.54% of the stock is currently owned by institutional investors.

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About Datawatch

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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