VirnetX (NYSE:VHC) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

VirnetX Holding Corp (NYSE:VHC) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $14.82 and traded as high as $23.99. VirnetX shares last traded at $23.10, with a volume of 25,361 shares.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded VirnetX from a “sell” rating to a “hold” rating in a research report on Saturday, August 16th.

VirnetX Stock Down 0.9%

The business’s 50-day simple moving average is $19.59 and its two-hundred day simple moving average is $15.00. The firm has a market cap of $103.76 million, a price-to-earnings ratio of -5.06 and a beta of 1.90.

Institutional Trading of VirnetX

Several institutional investors have recently bought and sold shares of the business. Csenge Advisory Group raised its stake in shares of VirnetX by 11.4% during the 1st quarter. Csenge Advisory Group now owns 24,002 shares of the technology company’s stock worth $177,000 after buying an additional 2,448 shares during the period. Vanguard Group Inc. increased its holdings in VirnetX by 2.9% in the 3rd quarter. Vanguard Group Inc. now owns 172,337 shares of the technology company’s stock worth $2,947,000 after acquiring an additional 4,815 shares in the last quarter. JPMorgan Chase & Co. raised its position in VirnetX by 9,676.5% during the third quarter. JPMorgan Chase & Co. now owns 4,986 shares of the technology company’s stock worth $85,000 after acquiring an additional 4,935 shares during the period. Finally, Geode Capital Management LLC raised its position in VirnetX by 4.2% during the second quarter. Geode Capital Management LLC now owns 32,357 shares of the technology company’s stock worth $351,000 after acquiring an additional 1,318 shares during the period. 10.37% of the stock is owned by institutional investors and hedge funds.

About VirnetX

VirnetX Holding Corporation, through its subsidiary VirnetX, Inc, operates as an Internet security software and technology company primarily in the United States. The company develops software and technology solutions, including secure domain name registry and GABRIEL Connection Technology that are designed to secure communications over the Internet using zero trust network access.