Zix Corporation (NASDAQ:ZIXI) provides email encryption, data loss prevention, and Bring-Your-Own-Device solutions to the healthcare, financial services, insurance, and government sectors in the United States.
Insider buying during the last 30 days
Here is a table of ZixCorp's insider activity during the last 30 days.
|Name||Title||Trade Date||Shares Purchased||Current Ownership||Increase In Shares|
|Maribess Miller||Director||April 30||5,000||11,000 shares||+83.3%|
|Michael Dailey||Director||May 1||1,000||17,000 shares||+6.3%|
|Mark Bonney||Director||April 24||5,000||10,000 shares||+100%|
There have been 11,000 shares purchased by insiders during the last 30 days.
Insider buying by calendar month
Here is a table of ZixCorp's insider activity by calendar month.
|Month||Insider buying / shares||Insider selling / shares|
There have been 46,030 shares purchased, and there have been 468,303 shares sold by insiders since January 2013. The month of April 2014 has seen the most insider buying.
ZixCorp reported the first-quarter financial results on April 22 with the following highlights:
|Net income||$1.1 million|
The three insiders purchased their shares after these results.
ZixCorp's guidance is as follows:
|Revenue||$12.3-$12.6 million||$53-$55 million|
|Qtrly Rev Growth (yoy):||0.05||-0.08||0.43|
|PEG (5 yr expected):||1.04||1.41||-2.31|
ZixCorp has the highest gross margin among these three companies.
Here is a table of these competitors' insider activities this year.
|Company||Insider buying / shares||Insider selling / shares|
Only ZixCorp has seen intensive insider buying during the last 30 days.
There have been three different insiders buying ZixCorp, and there have not been any insiders selling ZixCorp during the last 30 days. Two of these three insiders increased their holdings by more than 10%. ZixCorp has an insider ownership of 12.77%.
The three insiders purchased their shares at prices ranging from $3.29 to $3.50. I believe ZixCorp could be a good pick below $3.50 based on the intensive insider buying.
Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in ZIXI over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.