DEMANDWARE (NYSE:DWRE): 8 Analyst have given the stock of DEMANDWARE (NYSE:DWRE) a near short term price target of $64.38. The standard deviation reading, which is a measure by which the stock price is expected to swing away from the mean estimate, is at $9.8. The higher price target estimate is at $75 while the lower price estimates are fixed at $50.
Many analysts have stated their opinion on the company shares. Equity Analysts at the Citigroup downgrades the rating on DEMANDWARE (NYSE:DWRE). The brokerage firm has issued a Neutral rating on the shares. The shares were previously rated Buy. The Analysts at the ratings agency raises the price target from $53 per share to $75 per share. The rating by the firm was issued on June 2, 2016. Company shares have received an average consensus rating of Hold for the current week
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Saxena Jitendra S, director of Demandware Inc, had unloaded 10,000 shares at an average price of $74.75 in a transaction dated on June 1, 2016. The total value of the transaction was worth $747,500.
DEMANDWARE (NYSE:DWRE) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.08 points or 0.11% at $74.92 with 1,580,450 shares getting traded. Post opening the session at $74.95, the shares hit an intraday low of $74.88 and an intraday high of $75 and the price was in this range throughout the day. The company has a market cap of $2,849 million and the number of outstanding shares have been calculated to be 38,021,736 shares. The 52-week high of DEMANDWARE (NYSE:DWRE) is $75.9 and the 52-week low is $26.47.
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.