Guidance Software, Inc. (NASDAQ:GUID) was downgraded by stock analysts at Piper Jaffray Companies from an “overweight” rating to a “neutral” rating in a report released on Wednesday, The Fly reports.

A number of other equities analysts have also recently commented on GUID. Northland Securities started coverage on shares of Guidance Software in a report on Monday, April 10th. They issued an “outperform” rating and a $8.00 target price on the stock. Zacks Investment Research cut shares of Guidance Software from a “buy” rating to a “hold” rating in a report on Tuesday, April 18th. B. Riley reaffirmed a “buy” rating and issued a $9.00 target price on shares of Guidance Software in a report on Wednesday, May 3rd. Finally, TheStreet raised shares of Guidance Software from a “d-” rating to a “c-” rating in a report on Wednesday, May 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $15.03.

Guidance Software (NASDAQ:GUID) traded up 2.90% during mid-day trading on Wednesday, hitting $7.10. 4,446,410 shares of the stock traded hands. The company has a 50 day moving average of $6.77 and a 200-day moving average of $6.60. Guidance Software has a 12-month low of $4.52 and a 12-month high of $7.80. The stock’s market cap is $214.73 million.

Guidance Software (NASDAQ:GUID) last announced its earnings results on Tuesday, May 2nd. The software maker reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.02. The business had revenue of $26.79 million for the quarter, compared to analysts’ expectations of $26.80 million. Guidance Software had a negative net margin of 14.07% and a negative return on equity of 1,293.38%. Equities research analysts forecast that Guidance Software will post $0.31 earnings per share for the current year.

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In related news, major shareholder Shawn Mccreight sold 25,000 shares of Guidance Software stock in a transaction on Tuesday, May 2nd. The shares were sold at an average price of $6.14, for a total value of $153,500.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Patrick Dennis sold 17,705 shares of Guidance Software stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $5.82, for a total transaction of $103,043.10. Following the completion of the transaction, the chief executive officer now owns 919,018 shares in the company, valued at $5,348,684.76. The disclosure for this sale can be found here. Over the last quarter, insiders sold 609,654 shares of company stock worth $3,974,002. 8.40% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of the stock. Primecap Management Co. CA raised its position in Guidance Software by 2.5% in the first quarter. Primecap Management Co. CA now owns 4,779,594 shares of the software maker’s stock worth $28,200,000 after buying an additional 117,979 shares during the period. Penserra Capital Management LLC purchased a new position in Guidance Software during the fourth quarter worth $7,733,000. Tensile Capital Management LLC raised its position in Guidance Software by 0.4% in the third quarter. Tensile Capital Management LLC now owns 1,234,248 shares of the software maker’s stock worth $7,356,000 after buying an additional 4,464 shares during the period. Vanguard Group Inc. raised its position in Guidance Software by 12.2% in the first quarter. Vanguard Group Inc. now owns 1,144,250 shares of the software maker’s stock worth $6,751,000 after buying an additional 124,121 shares during the period. Finally, Renaissance Technologies LLC raised its position in Guidance Software by 9.3% in the first quarter. Renaissance Technologies LLC now owns 421,706 shares of the software maker’s stock worth $2,488,000 after buying an additional 36,006 shares during the period. Hedge funds and other institutional investors own 52.77% of the company’s stock.

About Guidance Software

Guidance Software, Inc is a technology company. The Company is a provider of endpoint investigation solutions for cybersecurity analytics, security incident response, e-discovery, data privacy and forensic analysis. The Company has five segments, which include Products, Subscription, Professional services, Training and Maintenance.

The Fly

Analyst Recommendations for Guidance Software (NASDAQ:GUID)

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