Insider Selling: Demandware CEO Unloads 50,000 Shares of Stock (DWRE)
Demandware (NASDAQ:DWRE) CEO Thomas D. Ebling unloaded 50,000 shares of the company’s stock on the open market in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $53.97, for a total value of $2,698,500.00. Following the completion of the sale, the chief executive officer now directly owns 176,970 shares in the company, valued at approximately $9,551,071. The sale was disclosed in a document filed with the SEC, which is available at this link.
A number of analysts have recently weighed in on DWRE shares. 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. 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. Six analysts have rated the stock with a buy rating, Demandware presently has a consensus rating of “Buy” and an average price target of $73.44.
Shares of Demandware (NASDAQ:DWRE) traded up 1.04% on Tuesday, hitting $54.64. The stock had a trading volume of 520,600 shares. Demandware has a one year low of $41.58 and a one year high of $82.23. The stock’s 50-day moving average is $61.48 and its 200-day moving average is $62.20. The company’s market cap is $1.974 billion.
Demandware (NASDAQ:DWRE) last announced its earnings results on Tuesday, August 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.10. The company had revenue of $36.10 million for the quarter, compared to the consensus estimate of $33.82 million. During the same quarter in the previous year, the company posted ($0.17) earnings per share. The company’s revenue for the quarter was up 55.6% on a year-over-year basis. On average, analysts predict that Demandware will post $-0.05 earnings per share for the current fiscal year.
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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