Matthew R. Foster Sells 5,585 Shares of Duck Creek Technologies, Inc. (NASDAQ:DCT) Stock

Duck Creek Technologies, Inc. (NASDAQ:DCT) COO Matthew R. Foster sold 5,585 shares of Duck Creek Technologies stock in a transaction dated Thursday, April 15th. The stock was sold at an average price of $44.05, for a total value of $246,019.25. Following the completion of the sale, the chief operating officer now owns 556,736 shares of the company’s stock, valued at $24,524,220.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of NASDAQ:DCT opened at $42.44 on Wednesday. The stock has a market cap of $5.58 billion and a price-to-earnings ratio of -385.82. Duck Creek Technologies, Inc. has a 12-month low of $35.10 and a 12-month high of $59.40. The business’s 50 day moving average is $44.29 and its 200 day moving average is $44.78.

Duck Creek Technologies (NASDAQ:DCT) last announced its earnings results on Sunday, April 4th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.04. The company had revenue of $62.65 million for the quarter, compared to analysts’ expectations of $59.23 million. The firm’s revenue for the quarter was up 18.6% compared to the same quarter last year. As a group, analysts anticipate that Duck Creek Technologies, Inc. will post -0.11 earnings per share for the current year.

Several equities analysts have recently issued reports on the company. Royal Bank of Canada restated a “buy” rating on shares of Duck Creek Technologies in a research report on Thursday, January 14th. JMP Securities increased their price target on Duck Creek Technologies from $49.00 to $51.00 and gave the company an “outperform” rating in a research note on Tuesday, April 6th. Zacks Investment Research upgraded Duck Creek Technologies from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research report on Tuesday. Finally, DA Davidson raised their price objective on Duck Creek Technologies from $51.00 to $54.00 and gave the stock a “buy” rating in a research report on Tuesday, April 6th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $48.10.

Several large investors have recently made changes to their positions in DCT. Accenture plc bought a new stake in Duck Creek Technologies during the fourth quarter worth $1,090,091,000. Price T Rowe Associates Inc. MD lifted its holdings in Duck Creek Technologies by 141.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,039,345 shares of the company’s stock worth $261,504,000 after acquiring an additional 3,533,116 shares during the period. American International Group Inc. lifted its holdings in Duck Creek Technologies by 736,800.9% during the fourth quarter. American International Group Inc. now owns 2,520,201 shares of the company’s stock worth $109,125,000 after acquiring an additional 2,519,859 shares during the period. JPMorgan Chase & Co. lifted its holdings in Duck Creek Technologies by 54.9% during the fourth quarter. JPMorgan Chase & Co. now owns 2,390,005 shares of the company’s stock worth $103,486,000 after acquiring an additional 847,073 shares during the period. Finally, Chubb Ltd bought a new stake in Duck Creek Technologies during the fourth quarter worth $98,146,000. 29.80% of the stock is currently owned by institutional investors.

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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Insider Buying and Selling by Quarter for Duck Creek Technologies (NASDAQ:DCT)

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