Demandware Inc (DWRE) Files Form 4 Insider Selling : Jitendra S Saxena Sells 10,000 Shares

Demandware Inc (DWRE): Jitendra S Saxena , director of Demandware Inc sold 10,000 shares on Jun 1, 2016. The Insider selling transaction was reported by the company on Jun 2, 2016 to the Securities and Exchange Commission. The shares were sold at $74.75 per share for a total value of $747,540.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 25, 2016, Kathleen Bender Patton (SVP and General Counsel) sold 1,657 shares at $45.00 per share price.On Mar 24, 2016, Thomas D Ebling (CEO) purchased 30,000 shares at $34.94 per share price.Also, On Mar 7, 2016, Timothy M Adams (EVP & Chief Financial Officer) sold 1,406 shares at $34.71 per share price.On Mar 2, 2016, Jitendra S Saxena (director) sold 10,000 shares at $34.62 per share price.

Demandware Inc: On Wednesday, Jun 1, 2016 heightened volatility was witnessed in Demandware Inc which led to swings in the share price. The shares opened for trading at $74.87 and hit $74.92 on the upside , eventually ending the session at $74.81, with a gain of 55.89% or 26.82 points. The heightened volatility saw the trading volume jump to 1,96,98,973 shares. The 52-week high of the share price is $75.9 and the company has a market cap of $2,844 M . The 52-week low of the share price is at $26.47.

Demandware Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Demandware Inc is Downgraded by RBC Capital Mkts to Sector Perform and the brokerage firm has raised the Price Target to $ 75 from a previous price target of $50 .Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Jun 2, 2016.Demandware Inc is Downgraded by Raymond James to Mkt Perform. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Jun 2, 2016.Demandware Inc is Downgraded by Citigroup to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Jun 2, 2016.Demandware Inc is Downgraded by Canaccord Genuity to Hold and the brokerage firm has set the Price Target at $75. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Jun 2, 2016.Demandware Inc is Initiated by Piper Jaffray to Overweight and the brokerage firm has set the Price Target at $65. The Rating was issued on Jun 1, 2016.

Demandware Inc. is a provider of enterprise-class cloud-based digital commerce solutions which includes ecommerce order management and predictive intelligence applications for retailers and branded manufacturers. The Company’s solution Demandware Commerce is a combination of its cloud platform community and related services that enables customers to establish and execute digital commerce solutions. Its solutions include global expansion multi-brand multi-site rollouts omni-channel and in-store operations as well as single platform or unified commerce platform solutions. A component of its solution is the Company’s ecosystem of trusted partners called Demandware LINK that complements the Demandware Commerce Cloud. Demandware LINK is comprised of technology solution and end-to end partners. LINK Technology Partners provide customers with access to technologies that complement the Demandware Commerce Cloud through pre-built integrations.

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