Insider Selling: Demandware Director Sells 300,000 Shares of Stock (DWRE)
Demandware (NASDAQ:DWRE) Director Lawrence S. Bohn sold 300,000 shares of the company’s stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $60.44, for a total transaction of $18,132,000.00. Following the sale, the director now directly owns 12,748 shares of the company’s stock, valued at approximately $770,489. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Demandware (NASDAQ:DWRE) traded up 0.77% on Monday, hitting $60.54. The stock had a trading volume of 743,405 shares. Demandware has a 52 week low of $32.36 and a 52 week high of $82.23. The stock has a 50-day moving average of $53.89 and a 200-day moving average of $62.31. The company’s market cap is $2.173 billion.
Demandware (NASDAQ:DWRE) last posted its quarterly earnings results on Tuesday, May 6th. The company reported ($0.07) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.09) by $0.02. The company had revenue of $32.20 million for the quarter, compared to the consensus estimate of $29.04 million. During the same quarter last year, the company posted ($0.13) earnings per share. Demandware’s revenue was up 57.1% compared to the same quarter last year. Analysts expect that Demandware will post $-0.05 EPS for the current fiscal year.
DWRE has been the subject of a number of recent research reports. Analysts at Barclays cut their price target on shares of Demandware from $72.00 to $65.00 in a research note on Friday, May 23rd. They now have an “overweight” rating on the stock. Separately, analysts at Goldman Sachs cut their price target on shares of Demandware from $70.00 to $64.00 in a research note on Thursday, May 22nd. Finally, analysts at Raymond James reiterated an “outperform” rating on shares of Demandware in a research note on Wednesday, May 7th. They now have a $65.00 price target on the stock, down previously from $82.00. Ten research analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and a consensus target price of $66.98.
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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