Insider Selling: Demandware Director Unloads 1,749 Shares of Stock (DWRE)
Demandware (NASDAQ:DWRE) Director Lawrence S. Bohn sold 1,749 shares of the stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $70.00, for a total transaction of $122,430.00. Following the sale, the director now directly owns 10,999 shares in the company, valued at approximately $769,930. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Demandware (NASDAQ:DWRE) traded down 0.77% on Thursday, hitting $66.67. The stock had a trading volume of 498,229 shares. Demandware has a one year low of $40.00 and a one year high of $82.23. The stock has a 50-day moving average of $58.78 and a 200-day moving average of $63.06. The company’s market cap is $2.393 billion.
Demandware (NASDAQ:DWRE) last announced its earnings results on Tuesday, May 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted ($0.13) earnings per share. The company’s revenue for the quarter was up 57.1% on a year-over-year basis. On average, analysts predict that Demandware will post $-0.05 earnings per share for the current fiscal year.
A number of research firms have recently commented on DWRE. 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. Nine investment analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and an average price target of $68.89.
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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