Duck Creek Technologies, Inc. (NASDAQ:DCT) CFO Vincent A. Chippari sold 50,000 shares of the company’s stock in a transaction on Monday, January 10th. The shares were sold at an average price of $28.01, for a total transaction of $1,400,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
DCT stock opened at $27.36 on Friday. Duck Creek Technologies, Inc. has a fifty-two week low of $26.63 and a fifty-two week high of $59.40. The firm’s 50-day simple moving average is $29.04 and its 200 day simple moving average is $38.04. The stock has a market cap of $3.67 billion, a PE ratio of -342.00 and a beta of -1.03.
Duck Creek Technologies (NASDAQ:DCT) last released its quarterly earnings data on Thursday, January 6th. The company reported $0.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.03. The business had revenue of $73.42 million for the quarter, compared to analysts’ expectations of $68.91 million. Duck Creek Technologies had a negative net margin of 4.22% and a positive return on equity of 0.57%. The company’s revenue for the quarter was up 24.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.02 EPS. On average, analysts expect that Duck Creek Technologies, Inc. will post 0.02 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Summit Global Investments bought a new position in Duck Creek Technologies in the 3rd quarter valued at about $1,270,000. Price T Rowe Associates Inc. MD grew its position in Duck Creek Technologies by 1.6% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 6,204,410 shares of the company’s stock valued at $269,954,000 after buying an additional 100,474 shares in the last quarter. Stifel Financial Corp grew its position in Duck Creek Technologies by 4.8% in the 2nd quarter. Stifel Financial Corp now owns 335,848 shares of the company’s stock valued at $14,612,000 after buying an additional 15,295 shares in the last quarter. Swiss National Bank bought a new position in Duck Creek Technologies in the 2nd quarter valued at about $3,785,000. Finally, Bank of New York Mellon Corp grew its position in Duck Creek Technologies by 21.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 184,905 shares of the company’s stock valued at $8,046,000 after buying an additional 33,274 shares in the last quarter. Hedge funds and other institutional investors own 71.68% 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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