Insider Selling: Compuware Corp. CEO Unloads 30,000 Shares of Stock (CPWR)
Compuware Corp. (NASDAQ:CPWR) CEO Robert C. Paul sold 30,000 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $10.51, for a total transaction of $315,300.00. Following the completion of the sale, the chief executive officer now directly owns 49,712 shares of the company’s stock, valued at approximately $522,473. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of Compuware Corp. (NASDAQ:CPWR) opened at 10.49 on Thursday. Compuware Corp. has a 52-week low of $9.66 and a 52-week high of $12.74. The stock’s 50-day moving average is $10.46 and its 200-day moving average is $10.81. The company’s market cap is $2.289 billion.
Compuware Corp. (NASDAQ:CPWR) last released its earnings data on Wednesday, January 22nd. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.03. The company had revenue of $250.50 million for the quarter, compared to the consensus estimate of $257.15 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 down 2.9% on a year-over-year basis. Analysts expect that Compuware Corp. will post $0.48 EPS for the current fiscal year.
A number of research firms have recently commented on CPWR. Analysts at TheStreet downgraded shares of Compuware Corp. from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. Finally, analysts at Zacks upgraded shares of Compuware Corp. from a “neutral” rating to an “outperform” rating in a research note on Wednesday, November 27th. They now have a $13.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Compuware Corp. presently has an average rating of “Buy” and a consensus target price of $12.63.
Compuware Corporation provides software solutions (NASDAQ:CPWR) models), professional services and application services.
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