Recent Insider Transactions Derivative • Jun 04
Independent Director notifies of intention to sell stock Kimberly Alexy intends to sell 23k shares in the next 90 days after lodging an Intent To Sell Form on the 31st of May. If the sale is conducted around the recent share price of US$22.12, it would amount to US$511k. Since June 2021, Kimberly's direct individual holding has decreased from 82.90k shares to 59.80k. Company insiders have collectively bought US$762k more than they sold, via options and on-market transactions, in the last 12 months. Reported Earnings • May 04
First quarter 2022 earnings: EPS exceeds analyst expectations First quarter 2022 results: US$0.42 loss per share (down from US$0.39 loss in 1Q 2021). Revenue: US$130.1m (up 14% from 1Q 2021). Net loss: US$96.7m (loss widened 6.2% from 1Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 18%. Over the next year, revenue is forecast to grow 20%, compared to a 36% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Price Target Changed • Mar 24
Price target increased to US$21.06 Up from US$19.35, the current price target is an average from 10 analysts. New target price is 5.2% below last closing price of US$22.22. The company is forecast to post a net loss per share of US$1.52 next year compared to a net loss per share of US$1.82 last year. Recent Insider Transactions Derivative • Mar 11
Executive VP & Chief Revenue Officer notifies of intention to sell stock William Robbins intends to sell 150k shares in the next 90 days after lodging an Intent To Sell Form on the 7th of March. If the sale is conducted around the recent share price of US$19.38, it would amount to US$2.9m. Since June 2021, William's direct individual holding has increased from 161.09k shares to 232.08k. Company insiders have collectively sold US$153k more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • Mar 06
Executive VP & CFO notifies of intention to sell stock Frank Verdecanna intends to sell 50k shares in the next 90 days after lodging an Intent To Sell Form on the 1st of March. If the sale is conducted around the recent share price of US$19.80, it would amount to US$990k. Since June 2021, Frank's direct individual holding has increased from 568.38k shares to 570.63k. Company insiders have collectively sold US$153k more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • Feb 19
Independent Director notifies of intention to sell stock Ronald E. Codd intends to sell 78k shares in the next 90 days after lodging an Intent To Sell Form on the 14th of February. If the sale is conducted around the recent share price of US$18.63, it would amount to US$1.5m. Since June 2021, Ronald E. has owned 136.63k shares directly. Company insiders have collectively bought US$1.1m more than they sold, via options and on-market transactions, in the last 12 months. Reported Earnings • Feb 10
Full year 2021 earnings: EPS misses analyst expectations Full year 2021 results: US$1.81 loss per share (down from US$0.95 loss in FY 2020). Revenue: US$483.5m (down 49% from FY 2020). Net loss: US$428.1m (loss widened 101% from FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 409%. Over the next year, revenue is forecast to grow 18%, compared to a 227% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 4% per year. Recent Insider Transactions • Nov 29
President & COO recently bought US$165k worth of stock On the 23rd of November, John Watters bought around 10k shares on-market at roughly US$16.55 per share. In the last 3 months, they made an even bigger purchase worth US$462k. John has been a buyer over the last 12 months, purchasing a net total of US$2.4m worth in shares. Recent Insider Transactions Derivative • Nov 13
Independent Director notifies of intention to sell stock Ronald E. Codd intends to sell 40k shares in the next 90 days after lodging an Intent To Sell Form on the 8th of November. If the sale is conducted around the recent share price of US$18.01, it would amount to US$720k. Since June 2021, Ronald E. has owned 136.63k shares directly. Company insiders have collectively bought US$1.6m more than they sold, via options and on-market transactions, in the last 12 months. Reported Earnings • Nov 05
Third quarter 2021 earnings released: US$0.45 loss per share (vs US$0.17 loss in 3Q 2020) The company reported a poor third quarter result with increased losses, weaker revenues and weaker control over costs. Third quarter 2021 results: Revenue: US$122.0m (down 49% from 3Q 2020). Net loss: US$105.9m (loss widened 171% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Sep 15
President & COO recently bought US$462k worth of stock On the 10th of September, John Watters bought around 25k shares on-market at roughly US$18.49 per share. In the last 3 months, they made an even bigger purchase worth US$681k. John has been a buyer over the last 12 months, purchasing a net total of US$2.3m worth in shares. Price Target Changed • Aug 31
Price target decreased to US$20.32 Down from US$22.33, the current price target is an average from 9 analysts. New target price is 12% above last closing price of US$18.19. Stock is up 21% over the past year. Recent Insider Transactions • Aug 23
President & COO recently bought US$681k worth of stock On the 20th of August, John Watters bought around 40k shares on-market at roughly US$17.02 per share. This was the largest purchase by an insider in the last 3 months. John has been a buyer over the last 12 months, purchasing a net total of US$1.3m worth in shares. Recent Insider Transactions • Aug 12
President & COO recently bought US$178k worth of stock On the 10th of August, John Watters bought around 10k shares on-market at roughly US$17.82 per share. In the last 3 months, they made an even bigger purchase worth US$469k. John has been a buyer over the last 12 months, purchasing a net total of US$647k worth in shares. Major Estimate Revision • Aug 12
Consensus revenue estimates fall to US$479.8m The consensus outlook for revenues in 2021 has deteriorated. 2021 revenue forecast decreased from US$1.02b to US$479.8m. Forecast losses increased from -US$0.73 to -US$1.27 per share. Software industry in the US expected to see average net income growth of 4.4% next year. Consensus price target down from US$22.33 to US$20.77. Share price fell 14% to US$17.64 over the past week. Reported Earnings • Aug 06
Second quarter 2021 earnings released: US$0.44 loss per share (vs US$0.24 loss in 2Q 2020) The company reported a poor second quarter result with increased losses, weaker revenues and weaker control over costs. Second quarter 2021 results: Revenue: US$113.9m (down 51% from 2Q 2020). Net loss: US$103.7m (loss widened 95% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Jun 05
President & COO recently bought US$469k worth of stock On the 4th of June, John Watters bought around 25k shares on-market at roughly US$18.75 per share. This was the largest purchase by an insider in the last 3 months. This was John's only on-market trade for the last 12 months. Recent Insider Transactions Derivative • May 09
Executive VP notifies of intention to sell stock Frank Verdecanna intends to sell 88k shares in the next 90 days after lodging an Intent To Sell Form on the 5th of May. If the sale is conducted around the recent share price of US$19.55, it would amount to US$1.7m. Since June 2020, Frank's direct individual holding has decreased from 515.90k shares to 336.99k. There has only been one transaction (US$1.4m sale) from insiders over the last 12 months. Reported Earnings • May 01
First quarter 2021 earnings released: US$0.23 loss per share (vs US$0.35 loss in 1Q 2020) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: US$246.3m (up 9.6% from 1Q 2020). Net loss: US$55.2m (loss narrowed 28% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Executive Departure • Mar 03
Consultant has left the company On the 2nd of March, Travis Reese's tenure as Consultant ended after less than a year in the role. As of December 2020, Travis personally held 675.79k shares (US$16m worth at the time). A total of 2 executives have left over the last 12 months. Reported Earnings • Mar 01
Full year 2020 earnings released: US$0.95 loss per share (vs US$1.24 loss in FY 2019) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: US$940.6m (up 5.8% from FY 2019). Net loss: US$213.0m (loss narrowed 17% from FY 2019). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Analyst Estimate Surprise Post Earnings • Mar 01
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 0.8%. Earnings per share (EPS) also surpassed analyst estimates by 3.5%. Over the next year, revenue is forecast to grow 6.8%, compared to a 19% growth forecast for the Software industry in the US. Recent Insider Transactions Derivative • Feb 20
Insider notifies of intention to sell stock Alexa King intends to sell 40k shares in the next 90 days after lodging an Intent To Sell Form on the 17th of February. If the sale is conducted around the recent share price of US$21.07, it would amount to US$839k. Since March 2020, Alexa's direct individual holding has decreased from 359.48k shares to 314.12k. There have been no trades via on-market transactions or options from company insiders in the last 12 months. Major Estimate Revision • Feb 09
Analysts update estimates The 2021 consensus revenue estimate increased from US$992.6m to US$1.00b. The company's losses in 2021 are expected to worsen with analysts lowering their EPS forecasts from -US$0.57 to -US$0.70. The Software industry in the US is expected to see an average net income growth of 10% next year. The consensus price target increased from US$19.53 to US$22.60. Share price stayed mostly flat at US$21.46 over the past week. Price Target Changed • Feb 04
Price target raised to US$22.27 Up from US$19.53, the current price target is an average from 16 analysts. The new target price is 11% above the current share price of US$20.07. As of last close, the stock is up 25% over the past year. Reported Earnings • Feb 04
Full year 2020 earnings released: US$0.93 loss per share (vs US$1.24 loss in FY 2019) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: US$940.6m (up 5.8% from FY 2019). Net loss: US$208.4m (loss narrowed 19% from FY 2019). Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 12% per year. Analyst Estimate Surprise Post Earnings • Feb 04
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 0.8%. Earnings per share (EPS) also surpassed analyst estimates by 3.5%. Over the next year, revenue is forecast to grow 5.5%, compared to a 18% growth forecast for the Software industry in the US. Price Target Changed • Jan 21
Price target raised to US$19.07 Up from US$17.71, the current price target is an average from 16 analysts. The new target price is 16% below the current share price of US$22.60. As of last close, the stock is up 37% over the past year. Price Target Changed • Jan 09
Price target raised to US$18.64 Up from US$17.29, the current price target is an average from 15 analysts. The new target price is 18% below the current share price of US$22.70. As of last close, the stock is up 34% over the past year. Recent Insider Transactions Derivative • Dec 25
Executive VP notifies of intention to sell stock William Robbins intends to sell roughly 100.00k shares in the next 90 days after lodging an Intent To Sell Form on the 18th of December. If the sale is conducted around the recent share price of US$14.38, it would amount to US$1.4m. Since March 2020, William's direct individual holding has increased from 109.52k shares to 153.24k. There have been no trades via on-market transactions or options from company insiders in the last 12 months. Is New 90 Day High Low • Dec 19
New 90-day high: US$19.23 The company is up 53% from its price of US$12.60 on 18 September 2020. The American market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$8.53 per share. Is New 90 Day High Low • Nov 28
New 90-day high: US$15.36 The company is up 4.0% from its price of US$14.81 on 28 August 2020. The American market is up 6.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Software industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$6.95 per share. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total losses of US$217.9m, with losses narrowing by 15% from the prior year. Total revenue was US$928.2m over the last 12 months, up 6.5% from the prior year. Analyst Estimate Surprise Post Earnings • Oct 29
Third-quarter earnings released: Revenue beats expectations, earnings disappoint Third-quarter revenue exceeded analyst estimates by 4.7% at US$238.5m. Earnings per share (EPS) missed analyst estimates by 6.8% at -US$0.17. Revenue is forecast to grow 4.2% over the next year, compared to a 17% growth forecast for the Software industry in the US.