Insider Selling: Robert Paul Sells 95,000 Shares of Compuware Corp. Stock (CPWR)
Compuware Corp. (NASDAQ:CPWR) CEO Robert Paul sold 95,000 shares of Compuware Corp. stock on the open market in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $11.14, for a total value of $1,058,300.00. Following the completion of the sale, the chief executive officer now directly owns 49,712 shares in the company, valued at approximately $553,792. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Compuware Corp. (NASDAQ:CPWR) traded up 0.09% 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’s 50-day moving average is $10.99 and its 200-day moving average is $10.89. The company’s market cap is $2.417 billion.
Compuware Corp. (NASDAQ:CPWR) last released its earnings data on Thursday, October 24th. The company reported $0.13 earnings per share for the quarter, beating the analysts’ 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 research firms have recently commented on CPWR. 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 equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $12.80.
Compuware Corporation provides software solutions (NASDAQ:CPWR) models), professional services and application services.
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