Insider Selling: Compuware Corp. VP Sells 20,000 Shares of Stock (CPWR)
Compuware Corp. (NASDAQ:CPWR) VP Siclen John Van sold 20,000 shares of the company’s stock on the open market in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $11.18, for a total transaction of $223,600.00. Following the completion of the transaction, the vice president now directly owns 2,130 shares in the company, valued at approximately $23,813. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Compuware Corp. (NASDAQ:CPWR) traded up 0.09% during mid-day trading on Friday, hitting $11.16. 1,429,401 shares of the company’s stock traded hands. Compuware Corp. has a 52-week low of $10.19 and a 52-week high of $12.74. The stock has a 50-day moving average of $10.99 and a 200-day moving average of $10.89. The company’s market cap is $2.417 billion.
Compuware Corp. (NASDAQ:CPWR) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.13 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.09 by $0.04. The company had revenue of $228.10 million for the quarter, compared to the consensus estimate of $231.20 million. During the same quarter last year, the company posted $0.05 earnings per share. Compuware Corp.’s revenue was up 3.4% compared to the same quarter last year.
A number of analysts have recently weighed in on CPWR shares. Analysts at Zacks upgraded shares of Compuware Corp. from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, November 27th. They now have a $13.00 price target on the stock. Analysts at Evercore Partners initiated coverage on shares of Compuware Corp. in a research note to investors on Thursday, October 31st. They set an “overweight” rating on the stock. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Compuware Corp. presently has an average rating of “Buy” and a consensus target price of $12.80.
Compuware Corporation provides software solutions (NASDAQ:CPWR) models), professional services and application services.
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