Demandware Director Lawrence Bohn Sells 12,748 Shares (DWRE)
Demandware (NASDAQ:DWRE) Director Lawrence Bohn unloaded 12,748 shares of the company’s stock on the open market in a transaction dated Thursday, October 17th. The shares were sold at an average price of $50.00, for a total transaction of $637,400.00. Following the sale, the director now directly owns 25,496 shares of the company’s stock, valued at approximately $1,274,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Demandware (NASDAQ:DWRE) traded up 1.44% on Friday, hitting $50.87. 290,644 shares of the company’s stock traded hands. Demandware has a one year low of $23.90 and a one year high of $50.60. The stock has a 50-day moving average of $46. and a 200-day moving average of $38.68. The company’s market cap is $1.558 billion.
Demandware (NASDAQ:DWRE) last released its earnings data on Tuesday, August 6th. The company reported ($0.17) EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted ($0.12) earnings per share. The company’s quarterly revenue was up 26.1% on a year-over-year basis. On average, analysts predict that Demandware will post $-0.32 earnings per share for the current fiscal year.
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 assigned a buy rating and one has given a strong buy rating to the company. Demandware currently has a consensus rating of “Buy” and an average target price 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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