Duck Creek Technologies (NASDAQ:DCT) issued an update on its FY 2021 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of – for the period. The company issued revenue guidance of $250 million-$254.50 million, compared to the consensus revenue estimate of $249.39 million.
Shares of DCT stock traded up $0.34 during trading hours on Tuesday, reaching $40.42. The company’s stock had a trading volume of 513,171 shares, compared to its average volume of 839,277. The stock has a market capitalization of $5.32 billion and a P/E ratio of -367.45. Duck Creek Technologies has a one year low of $35.10 and a one year high of $59.40. The firm’s fifty day simple moving average is $43.38 and its 200 day simple moving average is $44.88.
Duck Creek Technologies (NASDAQ:DCT) last released its earnings results on Sunday, April 4th. The company reported $0.01 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.04. The firm had revenue of $62.65 million during the quarter, compared to analysts’ expectations of $59.23 million. The business’s revenue was up 18.6% on a year-over-year basis. Analysts expect that Duck Creek Technologies will post -0.11 earnings per share for the current year.
In other news, CFO Vincent A. Chippari sold 75,000 shares of the business’s stock in a transaction on Friday, February 19th. The shares were sold at an average price of $54.78, for a total transaction of $4,108,500.00. Following the completion of the sale, the chief financial officer now owns 675,304 shares of the company’s stock, valued at approximately $36,993,153.12. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Vincent A. Chippari sold 25,000 shares of the company’s stock in a transaction on Thursday, April 1st. The stock was sold at an average price of $45.13, for a total value of $1,128,250.00. Following the completion of the sale, the chief financial officer now owns 551,205 shares of the company’s stock, valued at $24,875,881.65. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 562,433 shares of company stock valued at $28,854,250. Corporate insiders own 1.50% of the company’s stock.
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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