Duck Creek Technologies (NASDAQ:DCT) Posts Earnings Results


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Duck Creek Technologies (NASDAQ:DCT) released its quarterly earnings data on Sunday. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.04, MarketWatch Earnings reports. The firm had revenue of $62.65 million during the quarter, compared to analyst estimates of $59.23 million. The firm’s quarterly revenue was up 18.6% on a year-over-year basis.

Duck Creek Technologies stock opened at $44.60 on Tuesday. Duck Creek Technologies has a 52 week low of $35.10 and a 52 week high of $59.40. The stock has a market cap of $5.95 billion and a P/E ratio of -405.45. The stock has a 50 day moving average of $47.13 and a 200-day moving average of $44.53.

In related news, CFO Vincent A. Chippari sold 75,000 shares of the business’s stock in a transaction dated Friday, February 19th. The stock was sold at an average price of $54.78, for a total value of $4,108,500.00. Following the completion of the sale, the chief financial officer now directly owns 675,304 shares of the company’s stock, valued at $36,993,153.12. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director (Guernsey) Holdings L.P. Disco sold 6,156,000 shares of the business’s stock in a transaction dated Tuesday, February 2nd. The shares were sold at an average price of $44.39, for a total value of $273,264,840.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,627,318 shares of company stock valued at $298,183,991. Insiders own 1.50% of the company’s stock.

Separately, Royal Bank of Canada reissued a “buy” rating on shares of Duck Creek Technologies in a research note on Thursday, January 14th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Duck Creek Technologies has a consensus rating of “Buy” and an average price target of $46.50.

About Duck Creek Technologies

Duck Creek Technologies, Inc provides software-as-a-service core systems to the property and casualty insurance industry in North America. It offers Duck Creek Policy, a full lifecycle solution for the development of products and quoting, binding, and servicing of policies across various channels from agents and brokers to end-users; Duck Creek Billing that provides payment and invoicing capabilities, such as billing and collections, commission processing, disbursement management, and general ledger capabilities for insurance lines and bill types; and Duck Creek Claims that supports the entire claims lifecycle from first notice of loss through investigation, payments, negotiations, reporting, and closure.

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Earnings History for Duck Creek Technologies (NASDAQ:DCT)

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