Datawatch Trading Down 6.2% on Insider Selling (DWCH)
Datawatch (NASDAQ:DWCH) fell 6.2% during mid-day trading on Friday after an insider sold shares in the company, American Banking News.com reports. The company traded as low as $15.03 and last traded at $15.19, with a volume of 114,879 shares traded. The stock had previously closed at $16.20.
Specifically, CMO Ben Plummer sold 13,000 shares of the company’s stock on the open market in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $15.08, for a total transaction of $196,040.00. The sale was disclosed in a filing with the SEC, which is available at this link.
DWCH has been the subject of a number of recent research reports. Analysts at Sidoti downgraded shares of Datawatch from a “buy” rating to a “neutral” rating in a research note on Friday, April 11th. Finally, analysts at Zacks upgraded shares of Datawatch from an “underperform” rating to a “neutral” rating in a research note on Thursday, March 20th. They now have a $30.70 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $37.18.
The stock has a 50-day moving average of $13.7 and a 200-day moving average of $27.11. The company’s market cap is $161.9 million.
Datawatch (NASDAQ:DWCH) last released its earnings data on Wednesday, April 23rd. The company reported ($0.29) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.21) by $0.08. During the same quarter last year, the company posted ($0.10) earnings per share. Analysts expect that Datawatch will post $-0.94 EPS for the current fiscal year.
Datawatch Corporation is engaged in the design, development, manufacture, marketing, and support of business computer software primarily for the operational reporting and data analysis, data integration, enterprise content management and business service management markets to allow organizations to access and analyze information in a more meaningful fashion.
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