Insider Selling: Sheila Marie Flaherty Sells 1,829 Shares of Demandware Stock (DWRE)
Demandware (NASDAQ:DWRE) Insider Sheila Marie Flaherty unloaded 1,829 shares of Demandware stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $52.70, for a total value of $96,388.30. Following the completion of the transaction, the insider now directly owns 47,199 shares of the company’s stock, valued at approximately $2,487,387. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Separately, analysts at Goldman Sachs upgraded shares of Demandware from a “neutral” rating to a “buy” rating in a research note on Wednesday, August 13th. They now have a $70.00 price target on the stock, up previously from $64.00. Seven 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 $74.11.
Demandware (NASDAQ:DWRE) traded up 0.67% on Wednesday, hitting $52.73. 417,642 shares of the company’s stock traded hands. Demandware has a 52-week low of $42.31 and a 52-week high of $82.23. The stock has a 50-day moving average of $57.34 and a 200-day moving average of $61.17. The company’s market cap is $1.905 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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