Demandware Director Sells $134,490 in Stock (DWRE)
Demandware (NASDAQ:DWRE) Director Charles Kane sold 2,728 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $49.30, for a total value of $134,490.40. Following the sale, the director now directly owns 41,416 shares of the company’s stock, valued at approximately $2,041,809. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Demandware (NASDAQ:DWRE) traded down 7.07% on Tuesday, hitting $46.66. The stock had a trading volume of 412,712 shares. Demandware has a one year low of $23.90 and a one year high of $50.54. The stock’s 50-day moving average is $45.3 and its 200-day moving average is $37.61. The company’s market cap is $1.429 billion.
Demandware (NASDAQ:DWRE) last posted its quarterly earnings results on Tuesday, August 6th. The company reported ($0.17) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.21) by $0.04. The company had revenue of $23.20 million for the quarter, compared to the consensus estimate of $22.20 million. During the same quarter in the previous year, the company posted ($0.12) earnings per share. The company’s revenue for the quarter was up 26.1% on a year-over-year basis. Analysts expect that Demandware will post $-0.32 EPS for the current fiscal year.
DWRE has been the subject of a number of recent research reports. Analysts at Wedbush raised their price target on shares of Demandware from $37.00 to $55.00 in a research note to investors on Wednesday, August 7th. They now have an “outperform” rating on the stock. Separately, analysts at Raymond James raised their price target on shares of Demandware from $38.00 to $54.50 in a research note to investors on Wednesday, August 7th. Finally, analysts at Oppenheimer reiterated a “buy” rating on shares of Demandware in a research note to investors on Monday, July 15th. They now have a $40.00 price target on the stock. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $46.21.
Demandware, Inc (NASDAQ:DWRE) is a provider of software-as-a-service e-commerce solutions that enable companies to design, implement and manage their own customized e-commerce sites, including Websites, mobile applications and other digital storefronts.
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