Key Points
- Insider sale: Christopher Iain Parkinson sold 11,663 Vuzix shares on March 4 at an average price of $2.69 (totaling $31,373), cutting his stake by 8.17% to 131,130 shares valued at about $352,740.
- Market and institutional context: Vuzix trades near $2.59 with a $207.5M market cap and a 52-week range of $1.47–$4.29, while large institutions ramped up positions (State Street up 373.7% to 7.23M shares; Millennium up 278.1%), and Wall Street Zen recently raised its rating to "Hold" (consensus: Hold).
Vuzix Corporation (NASDAQ:VUZI - Get Free Report) insider Christopher Iain Parkinson sold 11,663 shares of the stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $2.69, for a total value of $31,373.47. Following the transaction, the insider directly owned 131,130 shares of the company's stock, valued at approximately $352,739.70. The trade was a 8.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
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 stock was sold at an average price of $2.92, for a total value of $27,614.44.
Vuzix Stock Performance
Shares of VUZI traded down $0.08 during mid-day trading on Thursday, hitting $2.59. 404,531 shares of the stock were exchanged, compared to its average volume of 1,292,605. The firm has a 50-day moving average of $2.99 and a two-hundred day moving average of $2.90. Vuzix Corporation has a 52-week low of $1.47 and a 52-week high of $4.29. The company has a market cap of $207.53 million, a PE ratio of -5.63 and a beta of 1.40.
Analyst Ratings Changes
Separately, Wall Street Zen raised shares of Vuzix from a "sell" rating to a "hold" rating in a report on Sunday, February 22nd. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Vuzix currently has a consensus rating of "Hold".
Get Our Latest Stock Analysis on VUZI
Institutional Investors Weigh In On Vuzix
A number of institutional investors and hedge funds have recently modified their holdings of VUZI. State Street Corp boosted its holdings in Vuzix by 373.7% during the 4th quarter. State Street Corp now owns 7,226,194 shares of the company's stock valued at $27,315,000 after acquiring an additional 5,700,613 shares during the period. Millennium Management LLC grew its holdings in shares of Vuzix by 278.1% in the first quarter. Millennium Management LLC now owns 1,911,972 shares of the company's stock worth $3,900,000 after purchasing an additional 1,406,234 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Vuzix in the 2nd quarter worth about $3,547,000. AIGH Capital Management LLC purchased a new stake in Vuzix in the 3rd quarter valued at about $2,813,000. Finally, Geode Capital Management LLC grew its stake in Vuzix by 101.7% in the 2nd quarter. Geode Capital Management LLC now owns 1,519,934 shares of the company's stock worth $4,439,000 after acquiring an additional 766,420 shares in the last quarter. 35.87% of the stock is owned by institutional investors.
Vuzix Company Profile
(
Get Free Report)
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.
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