Demandware Inc (DWRE) was Initiated by Pacific Crest to “Sector Weight”. Pacific Crest advised their investors in a research report released on Apr 11, 2016.
Many Wall Street Analysts have commented on Demandware Inc. Shares were Reiterated by RBC Capital Mkts on Feb 10, 2016 to “Outperform” and Lowered the Price Target to $ 50 from a previous price target of $52 .Shares were Reiterated by Oppenheimer on Feb 10, 2016 to “Outperform” and Lowered the Price Target to $ 41 from a previous price target of $63 .Shares were Reiterated by Deutsche Bank on Feb 10, 2016 to “Buy” and Lowered the Price Target to $ 60 from a previous price target of $75 .
On the company’s financial health, Demandware Inc reported $0.38 EPS for the quarter, beating the analyst consensus estimate by $ 0.16 according to the earnings call on Feb 9, 2016. Analyst had a consensus of $0.22. The company had revenue of $75.60 million for the quarter, compared to analysts expectations of $72.58 million. The company’s revenue was up 44.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS.
Demandware Inc closed down -0.49 points or -1.22% at $39.56 with 4,72,664 shares getting traded on Monday. Post opening the session at $40.25, the shares hit an intraday low of $39.5 and an intraday high of $41.45 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Mar 24, 2016, Thomas D Ebling (CEO) purchased 30,000 shares at $34.94 per share price. According to the SEC, 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, according to the Form-4 filing with the securities and exchange commission.
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 Companys 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 Companys 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.