Vuzix (NASDAQ:VUZI) Insider Christopher Iain Parkinson Sells 11,663 Shares

Vuzix Corporation (NASDAQ:VUZI) insider Christopher Iain Parkinson sold 11,663 shares of the business’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $2.69, for a total transaction of $31,373.47. Following the sale, the insider owned 131,130 shares of the company’s stock, valued at approximately $352,739.70. This represents a 8.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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 Price Performance

Vuzix stock traded down $0.08 during mid-day trading on Thursday, reaching $2.59. 404,531 shares of the stock traded hands, compared to its average volume of 1,292,605. Vuzix Corporation has a 12-month low of $1.47 and a 12-month high of $4.29. The business’s 50-day moving average is $2.99 and its 200-day moving average is $2.90. The stock has a market capitalization of $207.53 million, a PE ratio of -5.63 and a beta of 1.40.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of Vuzix from a “sell” rating to a “hold” rating in a research report on Sunday, February 22nd. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold”.

Hedge Funds Weigh In On Vuzix

A number of hedge funds have recently made changes to their positions in VUZI. State Street Corp raised its stake 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 purchasing an additional 5,700,613 shares during the period. Vanguard Group Inc. raised its position in shares of Vuzix by 4.2% during the third quarter. Vanguard Group Inc. now owns 3,631,584 shares of the company’s stock valued at $11,367,000 after buying an additional 147,811 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Vuzix by 71.6% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,032,366 shares of the company’s stock worth $7,825,000 after buying an additional 848,142 shares in the last quarter. Millennium Management LLC boosted its position in shares of Vuzix by 278.1% during the first quarter. Millennium Management LLC now owns 1,911,972 shares of the company’s stock worth $3,900,000 after acquiring an additional 1,406,234 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in Vuzix by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 1,550,039 shares of the company’s stock valued at $5,860,000 after acquiring an additional 40,576 shares in the last quarter. Institutional investors own 35.87% of the company’s stock.

About Vuzix

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.