Insider Selling: Lawrence S. Bohn Sells 201,859 Shares of Demandware Stock (DWRE)
Demandware (NASDAQ:DWRE) Director Lawrence S. Bohn sold 201,859 shares of Demandware stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $62.14, for a total value of $12,543,518.26. Following the sale, the director now directly owns 12,748 shares of the company’s stock, valued at approximately $792,161. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Demandware (NASDAQ:DWRE) traded up 0.97% on Friday, hitting $63.35. The stock had a trading volume of 398,868 shares. Demandware has a 52 week low of $33.55 and a 52 week high of $82.23. The stock’s 50-day moving average is $54.65 and its 200-day moving average is $62.46. The company’s market cap is $2.273 billion.
Demandware (NASDAQ:DWRE) last released its earnings data 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.
Several analysts have recently commented on the stock. 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 company presently has an average 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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