Zix Corp (NASDAQ:ZIXI) is Attracting Smart Money


In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Zix Corp (NASDAQ:ZIXI) reported that Etf Managers Group, Llc. has picked up 2,935,464 of common stock as of 2017-06-26.

The acquisition brings the aggregate amount owned by Etf Managers Group, Llc. to a total of 2,935,464 representing a 5.35% stake in the company.

For those not familiar with the company, Zix Corporation offers e-mail encryption, data loss prevention and bring-your-own-device (BYOD) security to meet business data protection and compliance needs. The Company operates through e-mail encryption and security solutions. Its Zix Email Encryption enables the secure exchange of e-mails that include sensitive information through a secure messaging service. It offers ZixDirectory, an e-mail encryption community that is designed to share identities of its members; Best Method of Delivery, which is designed to deliver e-mail, and ZixGateway, which automatically encrypts and decrypts messages with sensitive content. ZixCorp delivers over 1.5 million encrypted messages on a typical business day. On an average, 70% of those encrypted messages are exchanged between senders and recipients. It also offers ZixQuarantine, an e-mail-specific solution. Its ZixOne is a mobile e-mail application that solves the information technology (IT) challenge created by the BYOD trend in the workplace.

A glance at Zix Corp (NASDAQ:ZIXI)’s key stats reveals a current market capitalization of $321.24 Million based on $54.83 shares outstanding and a price at last close of $5.92 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2016-02-18, Wagner picked up 60,000 at a purchase price of $3.57. This brings their total holding to 185,000 as of the date of the filing.

On the sell side, the most recent transaction saw Spurr unload 980 shares at a sale price of $5.95. This brings their total holding to 25,424.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an Zix Corp (NASDAQ:ZIXI) as things move forward to see if its progress aligns with these transactions.

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