Price Action Report: Is Buying Stock Like Datawatch Corporation After Such Increase Winning Strategy?

Price Action Report: Is Buying Stock Like Datawatch Corporation After Such Increase Winning Strategy?

The stock of Datawatch Corporation (NASDAQ:DWCH) is a huge mover today! About 287,841 shares traded hands. Datawatch Corporation (NASDAQ:DWCH) has risen 10.09% since April 28, 2016 and is uptrending. It has outperformed by 4.17% the S&P500.
The move comes after 5 months positive chart setup for the $67.63M company. It was reported on Dec, 1 by Barchart.com. We have $6.53 PT which if reached, will make NASDAQ:DWCH worth $5.41 million more.

Analysts await Datawatch Corporation (NASDAQ:DWCH) to report earnings on January, 25. They expect $-0.10 earnings per share, up 70.59% or $0.24 from last year’s $-0.34 per share. After $-0.12 actual earnings per share reported by Datawatch Corporation for the previous quarter, Wall Street now forecasts -16.67% EPS growth.

According to Zacks Investment Research, “Datawatch Corporation is a provider of Enterprise Reporting, Report Mining and Service Center software products that help organizations increase productivity, reduce costs and gain competitive advantages. Datawatch products are used in more than 20,000 companies, institutions and government agencies worldwide. Datawatch is best known for its popular report mining application called Monarch. Monarch lets users extract and manipulate data from ASCII report files produced on any mainframe, midrange, client/server or PC system.”

Insitutional Activity: The institutional sentiment decreased to 0.73 in Q2 2016. Its down 0.27, from 1 in 2016Q1. The ratio turned negative, as 2 funds sold all Datawatch Corporation shares owned while 6 reduced positions. 4 funds bought stakes while 4 increased positions. They now own 2.49 million shares or 3.20% less from 2.57 million shares in 2016Q1.
Blackrock Fund Advisors has invested 0% of its portfolio in Datawatch Corporation (NASDAQ:DWCH). The Georgia-based Concourse Cap Mgmt Ltd Liability Com has invested 0.09% in Datawatch Corporation (NASDAQ:DWCH). State Bank Of New York Mellon accumulated 0% or 18,197 shares. Thompson Davis & Co reported 500 shares or 0% of all its holdings. Davenport And Ltd Co has invested 0% of its portfolio in Datawatch Corporation (NASDAQ:DWCH). Morgan Stanley holds 0% of its portfolio in Datawatch Corporation (NASDAQ:DWCH) for 1,232 shares. Jacobs Levy Equity Mgmt last reported 31,805 shares in the company. Blackrock Investment Management Ltd Liability Co reported 1,677 shares or 0% of all its holdings. Moreover, Teton Advisors Inc has 0.01% invested in Datawatch Corporation (NASDAQ:DWCH) for 30,000 shares. Dimensional Fund L P holds 67,721 shares or 0% of its portfolio. The Pennsylvania-based Vanguard Grp has invested 0% in Datawatch Corporation (NASDAQ:DWCH). Renaissance Techs Limited Liability Corp holds 48,600 shares or 0% of its portfolio. New Jersey Better Educational Savings Trust last reported 0.37% of its portfolio in the stock. Moreover, Geode Capital Mgmt Ltd Llc has 0% invested in Datawatch Corporation (NASDAQ:DWCH) for 43,467 shares. Ray Gerald L & Assoc Ltd last reported 0.06% of its portfolio in the stock.

Insider Transactions: Since June 10, 2016, the stock had 7 insider purchases, and 10 selling transactions for $2.55 million net activity. 59,947 shares were sold by Eliason James, worth $418,020 on Tuesday, November 15. Morrison Michael Anthony also sold $419,400 worth of Datawatch Corporation (NASDAQ:DWCH) on Tuesday, November 15. Another trade for 2,000 shares valued at $13,500 was sold by Mistry Sanjay K. 194,790 shares with value of $1.35 million were sold by G2 Investment Partners Management LLC on Monday, November 14. The insider MAHONEY DAVID bought 10,000 shares worth $53,400.

More news for Datawatch Corporation (NASDAQ:DWCH) were recently published by: Streetinsider.com, which released: “Datawatch (DWCH) Names New COO” on December 01, 2016. Seekingalpha.com‘s article titled: “Datawatch Corporation’s (DWCH) CEO Michael Morrison on Q2 2016 Results …” and published on April 21, 2016 is yet another important article.

DWCH Company Profile

Datawatch Corporation (Datawatch), incorporated on December 15, 1986, provides visual data discovery software. The Firm is engaged in the design, development, marketing, distribution and support of business computer software primarily for the visual data discovery market to allow organizations to access, analyze and visualize information. The Company’s products visually represent and integrate data from any area of business regardless of its structure. The Company’s line of Visual Data Discovery solutions includes Datawatch Desktop, Datawatch Server, Datawatch Modeler, Datawatch Automator, Datawatch RMS and Datawatch Report Manager OnDemand.

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