DEMANDWARE (NYSE:DWRE) has tumbled 0.19% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 74.46% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 1.01% and the outperformance has advanced to 72.87% for the last 4 weeks period.
DEMANDWARE (NYSE:DWRE): The stock was completely flat for the day, closing at $74.86 on Friday. The flat closing masks the intraday volatility in the stock. After opening at $74.87, the stock touched an intraday high of $75.06 and a low of $74.82. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $74.86. The total trading volume on Friday was 2,241,565.
The company shares have rallied 4.09% from its 1 Year high price. On Jul 30, 2015, the shares registered one year high at $75.90 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $55.52 and the 200 Day Moving Average price is recorded at $45.64.
On the companys insider trading activities, Saxena Jitendra S, director of Demandware Inc, unloaded 10,000 shares at an average price of $74.75 on June 1, 2016. The total amount of the transaction was worth $747,500, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, Citigroup, downgrades their rating on the shares of DEMANDWARE (NYSE:DWRE). Citigroup has a Neutral rating on the shares. Previously, the analysts had a Buy rating on the shares. As per the latest research report, the brokerage house raises the price target to $75 per share from a prior target of $53. The rating by the firm was issued on June 2, 2016. Currently the company Insiders own 5.01% of DEMANDWARE shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 6.04% . During last six month period, the net percent change held by insiders has seen a change of 6.79%.
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.