Recent Insider Transactions Derivative • Mar 18
Executive VP exercised options and sold US$69k worth of stock On the 15th of March, Christopher Schmitt exercised 2k options at a strike price of around US$12.00 and sold these shares for an average price of US$41.41 per share. This trade did not impact their existing holding. Since June 2021, Christopher's direct individual holding has increased from 47.17k shares to 61.02k. Company insiders have collectively sold US$868k more than they bought, via options and on-market transactions in the last 12 months. Major Estimate Revision • Mar 07
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from US$486.9m to US$517.8m. Forecast EPS reduced from -US$0.74 to -US$1.21 per share. Software industry in the US expected to see average net income growth of 7.1% next year. Consensus price target broadly unchanged at US$60.31. Share price rose 11% to US$45.25 over the past week. Recent Insider Transactions Derivative • Mar 07
President of Worldwide Field Operations notifies of intention to sell stock Matthew Mills intends to sell 4k shares in the next 90 days after lodging an Intent To Sell Form on the 2nd of March. If the sale is conducted around the recent share price of US$44.77, it would amount to US$182k. Since June 2021, Matthew's direct individual holding has increased from 126.37k shares to 162.13k. Company insiders have collectively sold US$837k more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Mar 02
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: US$0.67 loss per share (down from US$0.12 loss in FY 2020). Revenue: US$439.0m (up 20% from FY 2020). Net loss: US$61.6m (loss widened 473% from FY 2020). Revenue exceeded analyst estimates by 5.2%. Earnings per share (EPS) missed analyst estimates by 17%. Over the next year, revenue is forecast to grow 11%, compared to a 49% growth forecast for the industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 112 percentage points per year, which is a significant difference in performance. Recent Insider Transactions Derivative • Feb 26
Executive Vice President of Product notifies of intention to sell stock Grady Summers intends to sell 9k shares in the next 90 days after lodging an Intent To Sell Form on the 18th of February. If the sale is conducted around the recent share price of US$39.27, it would amount to US$353k. Grady now holds 239.95k shares directly in their own name. Company insiders have collectively sold US$1.5m more than they bought, via options and on-market transactions in the last 12 months. Price Target Changed • Feb 22
Price target decreased to US$60.19 Down from US$65.40, the current price target is an average from 15 analysts. New target price is 56% above last closing price of US$38.65. Stock is down 35% over the past year. The company is forecast to post a net loss per share of US$0.81 next year compared to a net loss per share of US$0.12 last year. Recent Insider Transactions Derivative • Feb 20
Co-Founder notifies of intention to sell stock Mark McClain intends to sell 25k shares in the next 90 days after lodging an Intent To Sell Form on the 15th of February. If the sale is conducted around the recent share price of US$40.21, it would amount to US$1.0m. For the year to December 2020, Mark's total compensation was 7% salary and 93% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2021, Mark's direct individual holding has decreased from 1.45m shares to 997.90k. Company insiders have collectively sold US$1.5m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • Jan 23
Co-Founder notifies of intention to sell stock Mark McClain intends to sell 25k shares in the next 90 days after lodging an Intent To Sell Form on the 18th of January. If the sale is conducted around the recent share price of US$41.28, it would amount to US$1.0m. For the year to December 2020, Mark's total compensation was 7% salary and 93% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2021, Mark's direct individual holding has decreased from 1.45m shares to 957.78k. Company insiders have collectively sold US$1.5m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • Jan 14
President of Worldwide Field Operations notifies of intention to sell stock Matthew Mills intends to sell 6k shares in the next 90 days after lodging an Intent To Sell Form on the 10th of January. If the sale is conducted around the recent share price of US$44.56, it would amount to US$278k. Matthew now holds 110.81k shares directly in their own name. Company insiders have collectively sold US$1.5m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • Dec 20
Co-Founder notifies of intention to sell stock Mark McClain intends to sell 25k shares in the next 90 days after lodging an Intent To Sell Form on the 15th of December. If the sale is conducted around the recent share price of US$46.44, it would amount to US$1.2m. For the year to December 2020, Mark's total compensation was 7% salary and 93% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2020, Mark's direct individual holding has decreased from 1.58m shares to 1.07m. Company insiders have collectively sold US$1.5m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • Nov 26
Executive Vice President of Product notifies of intention to sell stock Grady Summers intends to sell 9k shares in the next 90 days after lodging an Intent To Sell Form on the 19th of November. If the sale is conducted around the recent share price of US$57.76, it would amount to US$520k. Grady now holds 212.60k shares directly in their own name. Company insiders have collectively sold US$1.9m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • Nov 14
President of Worldwide Field Operations exercised options to buy US$545k worth of stock. On the 11th of November, Matthew Mills exercised options to buy 9k shares at a strike price of around US$21.97, costing a total of US$200k. This transaction amounted to 8.8% of their direct individual holding at the time of the trade. Matthew now holds 103.83k shares directly in their own name. Company insiders have collectively sold US$1.8m more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Nov 11
Third quarter 2021 earnings released: US$0.21 loss per share (vs US$0.007 loss in 3Q 2020) The company reported a soft third quarter result with increased losses and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: US$110.1m (up 17% from 3Q 2020). Net loss: US$19.9m (loss widened US$19.2m from 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 126 percentage points per year, which is a significant difference in performance. Recent Insider Transactions Derivative • Oct 20
Executive VP exercised options and sold US$106k worth of stock On the 15th of October, Christopher Schmitt exercised 3k options at a strike price of around US$12.00 and sold these shares for an average price of US$46.35 per share. This trade did not impact their existing holding. Since December 2020, Christopher's direct individual holding has increased from 39.87k shares to 45.67k. Company insiders have collectively sold US$2.0m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • Oct 07
Independent Director notifies of intention to sell stock Heidi Melin intends to sell 2k shares in the next 90 days after lodging an Intent To Sell Form on the 1st of October. If the sale is conducted around the recent share price of US$43.12, it would amount to US$103k. Since March 2021, Heidi's direct individual holding has increased from 3.80k shares to 12.93k. Company insiders have collectively sold US$1.9m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • Sep 18
Executive VP exercised options and sold US$133k worth of stock On the 15th of September, Christopher Schmitt exercised 3k options at a strike price of around US$3.17 and sold these shares for an average price of US$46.35 per share. This trade did not impact their existing holding. Since December 2020, Christopher's direct individual holding has increased from 39.87k shares to 46.18k. Company insiders have collectively sold US$1.9m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • Aug 27
President of Worldwide Field Operations notifies of intention to sell stock Matthew Mills intends to sell 11k shares in the next 90 days after lodging an Intent To Sell Form on the 23rd of August. If the sale is conducted around the recent share price of US$43.09, it would amount to US$488k. Since December 2020, Matthew's direct individual holding has increased from 102.67k shares to 107.71k. Company insiders have collectively sold US$1.7m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • Aug 19
Executive VP exercised options and sold US$149k worth of stock On the 16th of August, Christopher Schmitt exercised 4k options at a strike price of around US$3.17 and sold these shares for an average price of US$43.81 per share. This trade did not impact their existing holding. Since December 2020, Christopher's direct individual holding has increased from 39.87k shares to 47.17k. Company insiders have collectively sold US$1.7m more than they bought, via options and on-market transactions in the last 12 months. Major Estimate Revision • Aug 17
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 expected loss increased from -US$0.62 to -US$0.70 per share. Revenue forecast unchanged at US$410.7m. Software industry in the US expected to see average net income growth of 4.4% next year. Consensus price target broadly unchanged at US$65.38. Share price fell 12% to US$43.55 over the past week. Reported Earnings • Aug 11
Second quarter 2021 earnings released: US$0.18 loss per share (vs US$0.034 profit in 2Q 2020) The company reported a soft second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: US$102.5m (up 11% from 2Q 2020). Net loss: US$16.7m (down US$19.8m from profit in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Board Change • Aug 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Sudhakar Ramakrishna was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions Derivative • Jul 18
Co-Founder notifies of intention to sell stock Mark McClain intends to sell 20k shares in the next 90 days after lodging an Intent To Sell Form on the 15th of July. If the sale is conducted around the recent share price of US$46.96, it would amount to US$939k. For the year to December 2020, Mark's total compensation was 7% salary and 93% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since September 2020, Mark's direct individual holding has decreased from 1.83m shares to 1.25m. Company insiders have collectively sold US$1.4m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • Jun 27
Independent Director notifies of intention to sell stock Michael Sullivan intends to sell 8k shares in the next 90 days after lodging an Intent To Sell Form on the 24th of June. If the sale is conducted around the recent share price of US$52.45, it would amount to US$433k. Since December 2020, Michael's direct individual holding has increased from 2.20k shares to 8.26k. Company insiders have collectively sold US$1.6m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • Jun 18
Co-Founder notifies of intention to sell stock Mark McClain intends to sell 20k shares in the next 90 days after lodging an Intent To Sell Form on the 15th of June. If the sale is conducted around the recent share price of US$47.03, it would amount to US$941k. For the year to December 2020, Mark's total compensation was 7% salary and 93% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since September 2020, Mark's direct individual holding has decreased from 1.83m shares to 1.30m. Company insiders have collectively sold US$1.6m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • Jun 03
Chief Financial Officer exercised options and sold US$100k worth of stock On the 1st of June, Jason Ream exercised 4k options at a strike price of around US$17.56 and sold these shares for an average price of US$44.80 per share. This trade did not impact their existing holding. Since December 2020, Jason's direct individual holding has increased from 102.91k shares to 122.22k. Company insiders have collectively sold US$1.7m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • Jun 03
President of Worldwide Field Operations recently sold US$81k worth of stock On the 1st of June, Matthew Mills sold around 2k shares on-market at roughly US$45.56 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Recent Insider Transactions Derivative • May 20
Co-Founder notifies of intention to sell stock Mark McClain intends to sell 20k shares in the next 90 days after lodging an Intent To Sell Form on the 17th of May. If the sale is conducted around the recent share price of US$44.65, it would amount to US$893k. For the year to December 2020, Mark's total compensation was 7% salary and 93% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since June 2020, Mark's direct individual holding has decreased from 2.01m shares to 1.38m. Company insiders have collectively sold US$1.5m more than they bought, via options and on-market transactions in the last 12 months. Major Estimate Revision • May 17
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 expected loss increased from -US$0.58 to -US$0.64 per share. Revenue forecast unchanged at US$409.1m. Software industry in the US expected to see average net income growth of 2.3% next year. Consensus price target down from US$68.64 to US$64.43. Share price fell 2.3% to US$45.22 over the past week. Reported Earnings • May 13
First quarter 2021 earnings released: US$0.17 loss per share (vs US$0.094 loss in 1Q 2020) The company reported a soft first quarter result with increased losses and weaker control over costs, although revenues improved. First quarter 2021 results: Revenue: US$90.8m (up 20% from 1Q 2020). Net loss: US$15.3m (loss widened 82% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 26% per year. Recent Insider Transactions Derivative • Apr 19
Co-Founder notifies of intention to sell stock Mark McClain intends to sell 20k shares in the next 90 days after lodging an Intent To Sell Form on the 15th of April. If the sale is conducted around the recent share price of US$49.80, it would amount to US$996k. For the year to December 2020, Mark's total compensation was 7% salary and 93% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since June 2020, Mark's direct individual holding has decreased from 2.01m shares to 1.45m. Company insiders have collectively sold US$1.7m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • Mar 19
Co-Founder notifies of intention to sell stock Mark McClain intends to sell 20k shares in the next 90 days after lodging an Intent To Sell Form on the 15th of March. If the sale is conducted around the recent share price of US$55.47, it would amount to US$1.1m. For the year to December 2019, Mark's total compensation was 11% salary and 89% non-salary (Indicating these sales could comprise a meaningful part of their income for the year). Since June 2020, Mark's direct individual holding has decreased from 2.01m shares to 1.48m. Company insiders have collectively sold US$1.7m more than they bought, via options and on-market transactions in the last 12 months. Major Estimate Revision • Mar 04
Analysts update estimates The 2021 consensus revenue estimate increased from US$399.9m to US$409.6m. The company's losses in 2021 are expected to worsen with analysts lowering their EPS forecasts from -US$0.38 to -US$0.61. The Software industry in the US is expected to see an average net income growth of 5.8% next year. The consensus price target increased from US$65.46 to US$69.00. Share price is down by 7.6% to US$55.09 over the past week. Recent Insider Transactions Derivative • Mar 03
Chief Financial Officer exercised options and sold US$617k worth of stock On the 1st of March, Jason Ream exercised 15k options at a strike price of around US$17.56 and sold these shares for an average price of US$58.69 per share. This trade did not impact their existing holding. Since June 2020, Jason's direct individual holding has increased from 102.91k shares to 130.95k. Company insiders have collectively sold US$1.7m more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Feb 27
Full year 2020 earnings released: US$0.12 loss per share (vs US$0.096 loss in FY 2019) The company reported a mediocre full year result with increased losses, although control over costs was stable and revenues improved. Full year 2020 results: Revenue: US$365.3m (up 27% from FY 2019). Net loss: US$10.8m (loss widened 27% from FY 2019). Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth. Analyst Estimate Surprise Post Earnings • Feb 27
Revenue beats expectations, earnings disappoint Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) missed analyst estimates by 39%. Over the next year, revenue is forecast to grow 9.5%, compared to a 19% growth forecast for the Software industry in the US. Recent Insider Transactions Derivative • Feb 19
Co-Founder notifies of intention to sell stock Mark McClain intends to sell 20k shares in the next 90 days after lodging an Intent To Sell Form on the 16th of February. If the sale is conducted around the recent share price of US$62.55, it would amount to US$1.3m. For the year to December 2019, Mark's total compensation was 11% salary and 89% non-salary (Indicating these sales could comprise a meaningful part of their income for the year). Since March 2020, Mark's direct individual holding has decreased from 2.19m shares to 1.51m. Company insiders have collectively sold US$1.1m more than they bought, via options and on-market transactions in the last 12 months. Price Target Changed • Feb 13
Price target raised to US$63.38 Up from US$59.14, the current price target is an average from 13 analysts. The new target price is close to the current share price of US$63.21. As of last close, the stock is up 151% over the past year. Is New 90 Day High Low • Feb 10
New 90-day high: US$60.26 The company is up 38% from its price of US$43.51 on 11 November 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 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$103 per share. Recent Insider Transactions Derivative • Feb 04
Independent Director notifies of intention to sell stock Heidi Melin intends to sell 1k shares in the next 90 days after lodging an Intent To Sell Form on the 1st of February. If the sale is conducted around the recent share price of US$56.24, it would amount to US$68k. Since March 2020, Heidi's direct individual holding has increased from 2.36k shares to 15.96k. Company insiders have collectively sold US$1.1m more than they bought, via options and on-market transactions in the last 12 months. Is New 90 Day High Low • Jan 23
New 90-day high: US$58.90 The company is up 29% from its price of US$45.52 on 23 October 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 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$101 per share. Recent Insider Transactions Derivative • Jan 22
Co-Founder notifies of intention to sell stock Mark McClain intends to sell roughly 20.00k shares in the next 90 days after lodging an Intent To Sell Form on the 15th of January. If the sale is conducted around the recent share price of US$56.65, it would amount to US$1.1m. For the year to December 2019, Mark's total compensation was 11% salary and 89% non-salary (Indicating these sales could comprise a meaningful part of their income for the year). Since March 2020, Mark's direct individual holding has decreased from 2.19m shares to 1.51m. Company insiders have collectively sold US$1.0m more than they bought, via options and on-market transactions in the last 12 months. Price Target Changed • Jan 15
Price target raised to US$59.14 Up from US$55.14, the current price target is an average from 14 analysts. The new target price is close to the current share price of US$57.48. As of last close, the stock is up 125% over the past year. Recent Insider Transactions Derivative • Jan 14
Insider notifies of intention to sell stock Eric Domagalski intends to sell roughly 1.62k shares in the next 90 days after lodging an Intent To Sell Form on the 11th of January. If the sale is conducted around the recent share price of US$57.84, it would amount to US$94k. Since March 2020, Eric's direct individual holding has decreased from 16.76k shares to 16.25k. Company insiders have collectively sold US$1.0m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • Jan 07
Director notifies of intention to sell stock J. McMartin intends to sell roughly 17.00k shares in the next 90 days after lodging an Intent To Sell Form on the 31st of December. If the sale is conducted around the recent share price of US$53.66, it would amount to US$912k. Since March 2020, McMartin's direct individual holding has decreased from 137.91k shares to 50.25k. Company insiders have collectively sold US$1.0m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • Dec 16
Chief Financial Officer exercised options and sold US$462k worth of stock On the 11th of December, Jason Ream exercised 15.00k options at a strike price of around US$17.56 and sold these shares for an average price of US$48.35 per share. This trade did not impact their existing holding. Since March 2020, Jason's direct individual holding has decreased from 106.55k shares to 102.91k. Company insiders have collectively sold US$998k more than they bought, via options and on-market transactions in the last 12 months. Is New 90 Day High Low • Dec 08
New 90-day high: US$47.89 The company is up 28% from its price of US$37.42 on 08 September 2020. The American market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$50.69 per share. Recent Insider Transactions Derivative • Nov 20
Co-Founder notifies of intention to sell stock Mark McClain intends to sell roughly 20.00k shares in the next 90 days after lodging an Intent To Sell Form on the 16th of November. If the sale is conducted around the recent share price of US$42.51, it would amount to US$850k. For the year to December 2019, Mark's total compensation was 11% salary and 89% non-salary (Indicating these sales could comprise a meaningful part of their income for the year). Since December 2019, Mark's direct individual holding has decreased from 2.42m shares to 1.75m. Company insiders have collectively sold US$536k more than they bought, via options and on-market transactions in the last 12 months. Price Target Changed • Nov 07
Price target raised to US$50.71 Up from US$45.43, the current price target is an average from 14 analysts. The new target price is 12% above the current share price of US$45.42. As of last close, the stock is up 98% over the past year. Reported Earnings • Nov 07
Third quarter 2020 earnings released: US$0.007 loss per share The company reported a soft third quarter result with weaker earnings and control over expenses, although revenues were improved. Third quarter 2020 results: Revenue: US$94.0m (up 24% from 3Q 2019). Net loss: US$676.0k (down 118% from profit in 3Q 2019). Analyst Estimate Surprise Post Earnings • Nov 07
Revenue beats expectations, earnings disappoint Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) missed analyst estimates by 94%. Over the next year, revenue is forecast to grow 9.4%, compared to a 17% growth forecast for the Software industry in the US.