AudioEye, Inc. (NASDAQ:AEYE - Get Free Report) CEO David Moradi sold 900,000 shares of AudioEye stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $24.00, for a total transaction of $21,600,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,864,290 shares in the company, valued at approximately $44,742,960. The trade was a 32.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
David Moradi also recently made the following trade(s):
- On Thursday, November 14th, David Moradi sold 14,061 shares of AudioEye stock. The shares were sold at an average price of $26.14, for a total transaction of $367,554.54.
- On Tuesday, November 12th, David Moradi sold 68,298 shares of AudioEye stock. The stock was sold at an average price of $29.48, for a total transaction of $2,013,425.04.
AudioEye Price Performance
AEYE stock traded up $1.50 on Friday, reaching $22.20. 542,176 shares of the company's stock were exchanged, compared to its average volume of 186,949. The firm has a market cap of $270.40 million, a PE ratio of -76.67, a P/E/G ratio of 5.90 and a beta of 1.00. AudioEye, Inc. has a twelve month low of $4.01 and a twelve month high of $34.85. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.92. The stock has a fifty day moving average of $24.78 and a 200-day moving average of $22.76.
Hedge Funds Weigh In On AudioEye
A number of institutional investors and hedge funds have recently added to or reduced their stakes in AEYE. Summit Partners Public Asset Management LLC increased its stake in AudioEye by 24.5% during the third quarter. Summit Partners Public Asset Management LLC now owns 515,279 shares of the company's stock valued at $11,774,000 after acquiring an additional 101,302 shares during the period. ClariVest Asset Management LLC acquired a new stake in shares of AudioEye during the second quarter valued at about $664,000. Renaissance Technologies LLC increased its stake in shares of AudioEye by 202.5% in the 2nd quarter. Renaissance Technologies LLC now owns 60,500 shares of the company's stock valued at $1,065,000 after acquiring an additional 40,500 shares in the last quarter. Vanguard Group Inc. increased its stake in AudioEye by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 309,190 shares of the company's stock valued at $3,095,000 after buying an additional 6,929 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. boosted its holdings in AudioEye by 4.0% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 12,975 shares of the company's stock valued at $130,000 after purchasing an additional 500 shares during the period. 51.11% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on AEYE. Roth Mkm restated a "buy" rating and issued a $35.00 price objective (up previously from $25.00) on shares of AudioEye in a research note on Friday, November 8th. HC Wainwright upped their price objective on AudioEye from $28.00 to $37.00 and gave the company a "buy" rating in a research note on Monday, November 11th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $30.13.
Read Our Latest Stock Report on AEYE
About AudioEye
(
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AudioEye, Inc provides patented, internet content publication, distribution software, and related services to Internet and other media to people regardless of their device, location, or disabilities in the United States. Its software and services enable conversion of digital content into accessible formats and allows for real time distribution to end users on any Internet connected device.
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