Duck Creek Technologies (NASDAQ:DCT) Issues Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Duck Creek Technologies (NASDAQ:DCT) posted its earnings results on Sunday. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.04, MarketWatch Earnings reports. The business had revenue of $62.65 million during the quarter, compared to analyst estimates of $59.23 million. The business’s quarterly revenue was up 18.6% on a year-over-year basis.

Shares of Duck Creek Technologies stock traded down $1.21 during midday trading on Tuesday, hitting $43.39. The company’s stock had a trading volume of 8,243 shares, compared to its average volume of 925,737. The firm has a market capitalization of $5.79 billion and a P/E ratio of -405.45. The stock has a 50-day simple moving average of $47.13 and a 200-day simple moving average of $44.53. Duck Creek Technologies has a 1-year low of $35.10 and a 1-year high of $59.40.

Several research firms recently commented on DCT. Royal Bank of Canada restated a “buy” rating on shares of Duck Creek Technologies in a research report on Thursday, January 14th. JMP Securities lifted their price target on Duck Creek Technologies from $49.00 to $51.00 and gave the company an “outperform” rating in a research report on Tuesday. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Duck Creek Technologies has an average rating of “Buy” and a consensus price target of $47.20.

In related news, Director (Guernsey) Holdings L.P. Disco sold 6,156,000 shares of Duck Creek Technologies stock in a transaction on Tuesday, February 2nd. The stock was sold at an average price of $44.39, for a total transaction of $273,264,840.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CRO Biert Eugene Jr. Van sold 91,095 shares of Duck Creek Technologies stock in a transaction on Friday, February 19th. The shares were sold at an average price of $54.27, for a total value of $4,943,725.65. Following the sale, the executive now directly owns 514,230 shares of the company’s stock, valued at approximately $27,907,262.10. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,627,318 shares of company stock valued at $298,183,991. 1.50% of the stock is currently owned by insiders.

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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Earnings History for Duck Creek Technologies (NASDAQ:DCT)

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