Demandware COO Unloads $164,984 in Stock (DWRE)
Demandware (NASDAQ:DWRE) COO Jeffrey Barnett unloaded 3,333 shares of the stock on the open market in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $49.50, for a total value of $164,983.50. Following the completion of the sale, the chief operating officer now directly owns 90,574 shares in the company, valued at approximately $4,483,413. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. 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. 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. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $46.21.
Shares of Demandware (NASDAQ:DWRE) traded up 0.18% on Wednesday, hitting $49.66. 201,735 shares of the company’s stock traded hands. Demandware has a 1-year low of $23.90 and a 1-year high of $50.60. The stock has a 50-day moving average of $45.86 and a 200-day moving average of $38.59. The company’s market cap is $1.521 billion.
Demandware (NASDAQ:DWRE) last issued its quarterly earnings data on Tuesday, August 6th. The company reported ($0.17) earnings per share for the quarter, beating the analysts’ 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 last year, the company posted ($0.12) earnings per share. Demandware’s revenue was up 26.1% compared to the same quarter last year. Analysts expect that Demandware will post $-0.32 EPS for the current fiscal year.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.