ZixCorp: 3 Different Insiders Have Purchased Shares During The Last 30 Days

| About: Zix Corporation (ZIXI)

Summary

Three insiders purchased ZixCorp's stock within one month.

The stock was sold by no insiders in the month of intensive purchasing.

2 of these 3 insiders increased their holdings by more than 10%.

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.

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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%
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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
May 2014 1,000 0
April 2014 11,000 0
March 2014 1,000 10,016
February 2014 1,000 14,848
January 2014 1,000 0
December 2013 1,000 0
November 2013 1,000 43,309
October 2013 3,000 0
September 2013 1,000 315,000
August 2013 1,000 15,130
July 2013 3,000 0
June 2013 1,000 0
May 2013 10,000 0
April 2013 2,000 0
March 2013 8,030 30,000
February 2013 0 40,000
January 2013 0 0
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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.

Financials

ZixCorp reported the first-quarter financial results on April 22 with the following highlights:

Revenue $12.2 million
Net income $1.1 million
Cash $22.5 million
Backlog $65.9 million
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The three insiders purchased their shares after these results.

Outlook

ZixCorp's guidance is as follows:

Q2/2014 FY2014
Revenue $12.3-$12.6 million $53-$55 million
EPS $0.02-$0.03 $0.15-$0.17
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Competition

ZixCorp's competitors include Cisco Systems (NASDAQ:CSCO), and Proofpoint (NASDAQ:PFPT). Here is a table comparing these companies.

Company ZIXI CSCO PFPT
Market Cap: 195.16M 118.32B 1.06B
Employees: 162 74,049 680
Qtrly Rev Growth (yoy): 0.05 -0.08 0.43
Revenue: 48.14M 47.87B 137.93M
Gross Margin: 0.84 0.59 0.70
EBITDA: 10.78M 12.98B -16.88M
Operating Margin: 0.19 0.22 -0.19
Net Income: 10.45M 8.17B -27.53M
EPS: 0.17 1.52 -0.79
P/E: 19.18 15.11 N/A
PEG (5 yr expected): 1.04 1.41 -2.31
P/S: 4.13 2.48 7.72
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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
CSCO 0 199,302
PFPT 0 166,618
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Only ZixCorp has seen intensive insider buying during the last 30 days.

Conclusion

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.