VirnetX (VHC) Shares Gap Up to $6.33

VirnetX Holding Co. (NYSEAMERICAN:VHC)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $8.26, but opened at $6.33. VirnetX shares last traded at $5.61, with a volume of 117790 shares traded.

VirnetX (NYSEAMERICAN:VHC) last posted its quarterly earnings results on Thursday, November 8th. The technology company reported ($0.08) earnings per share for the quarter. The business had revenue of $0.01 million for the quarter.

In related news, insider Robert D. Short III sold 35,000 shares of the company’s stock in a transaction on Tuesday, January 15th. The shares were sold at an average price of $5.41, for a total transaction of $189,350.00. Following the completion of the transaction, the insider now owns 115,866 shares in the company, valued at $626,835.06. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Kendall Larsen sold 75,000 shares of the company’s stock in a transaction on Tuesday, January 15th. The stock was sold at an average price of $4.28, for a total transaction of $321,000.00. Following the transaction, the chief executive officer now owns 6,404,710 shares of the company’s stock, valued at approximately $27,412,158.80. The disclosure for this sale can be found here.

Several large investors have recently modified their holdings of the stock. BlackRock Inc. raised its stake in VirnetX by 12.7% during the second quarter. BlackRock Inc. now owns 3,430,667 shares of the technology company’s stock valued at $11,664,000 after purchasing an additional 385,755 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in VirnetX by 45.0% during the second quarter. Schwab Charles Investment Management Inc. now owns 285,902 shares of the technology company’s stock valued at $973,000 after purchasing an additional 88,717 shares in the last quarter. Vanguard Group Inc raised its stake in VirnetX by 3.8% during the third quarter. Vanguard Group Inc now owns 2,429,980 shares of the technology company’s stock valued at $11,299,000 after purchasing an additional 88,016 shares in the last quarter. Vanguard Group Inc. raised its stake in VirnetX by 3.8% during the third quarter. Vanguard Group Inc. now owns 2,429,980 shares of the technology company’s stock valued at $11,299,000 after purchasing an additional 88,016 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in VirnetX by 31.5% during the second quarter. Bank of New York Mellon Corp now owns 277,236 shares of the technology company’s stock valued at $942,000 after purchasing an additional 66,331 shares in the last quarter.

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About VirnetX (NYSEAMERICAN:VHC)

VirnetX Holding Corporation, through its subsidiary VirnetX, Inc, operates as an Internet security software and technology company in the United States and internationally. The company develops software and technology solutions, including secure domain name registry and GABRIEL Connection Technology that are designed to secure real-time communications over the Internet, as well as enable organizations and individuals to establish communities of secure, registered users, and transmit information between various devices, networks, and operating systems.

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