Zix Corp (ZIXI) Files Form 4 Insider Selling : Richard Spurr Sells 66,724 Shares

Zix Corp (ZIXI): Richard Spurr , director of Zix Corp sold 66,724 shares on Apr 28, 2016. The Insider selling transaction was reported by the company on May 2, 2016 to the Securities and Exchange Commission. The shares were sold at $3.78 per share for a total value of $251,620.69 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 16, 2016, David Wagner (CEO) purchased 60,000 shares at $3.57 per share price.On Mar 14, 2016, Richard Spurr (director) sold 20,038 shares at $4.09 per share price.Also, On Feb 22, 2016, Maribess L Miller (director) purchased 10,000 shares at $3.65 per share price.On Nov 25, 2015, Russell J Morgan (Vice President) sold 85,812 shares at $5.71 per share price.

Shares of Zix Corporation (ZIXI) ended Wednesday, Apr 27, 2016 session in red amid volatile trading. The shares closed down -0.34 points or -8.31% at $3.75 with 8,51,705 shares getting traded. Post opening the session at $4, the shares hit an intraday low of $3.6884 and an intraday high of $4.0441 and the price vacillated in this range throughout the day. The company has a market cap of $211 M and the number of outstanding shares has been calculated to be 5,61,58,434 shares. The 52-week high of Zix Corporation is $5.78 and the 52-week low is $3.23.

Zix Corporation Money Flow Index Chart

Company has been under the radar of several Street Analysts.Zix Corporation is Reiterated by Dougherty & Company to Buy while Lowering the Price Target of the company shares to $ 5.50 from a previous price target of $6.50 . The Rating was issued on Feb 18, 2016.

Zix Corporation (ZixCorp) offers email encryption data loss prevention and Bring-Your-Own-Device (BYOD) security to meet business data protection and compliance needs. The Company’s products include Zix Email Encryption; ZixDirectory; ZixGateway; ZixDLP and ZixOne. ZixCorp’s business operations and service offerings are supported by the ZixData Center. It serves organizations in the healthcare financial services insurance and government sectors including federal financial regulators such as the Federal Financial Institutions Examination Council (FFIEC) divisions of the United States Treasury the United States Securities and Exchange Commission (SEC) one of four United States banks over 30 Blue Cross Blue Shield organizations and one in every five United States hospitals.

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