Guidance Software, Inc. (NASDAQ:GUID) announced its earnings results on Tuesday, August 1st. The software maker reported ($0.01) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.02, Morningstar.com reports. The business had revenue of $24.66 million for the quarter, compared to analyst estimates of $27.63 million. Guidance Software had a negative return on equity of 1,053.09% and a negative net margin of 6.56%.
Shares of Guidance Software (NASDAQ:GUID) traded down 0.14% during mid-day trading on Friday, hitting $7.06. The company had a trading volume of 514,521 shares. The company’s 50-day moving average is $6.92 and its 200 day moving average is $6.59. The company’s market capitalization is $215.80 million. Guidance Software has a one year low of $4.52 and a one year high of $7.80.
GUID has been the topic of a number of recent analyst reports. Northland Securities set a $8.00 target price on Guidance Software and gave the stock a “buy” rating in a report on Saturday, July 22nd. B. Riley restated a “buy” rating and issued a $9.00 price target on shares of Guidance Software in a research note on Wednesday, May 3rd. Zacks Investment Research upgraded Guidance Software from a “hold” rating to a “buy” rating and set a $6.75 price target for the company in a research note on Tuesday, May 9th. TheStreet upgraded Guidance Software from a “d-” rating to a “c-” rating in a research note on Wednesday, May 3rd. Finally, Gabelli restated a “hold” rating on shares of Guidance Software in a research note on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. Guidance Software has an average rating of “Hold” and an average target price of $14.61.
In other news, major shareholder Shawn Mccreight sold 185,516 shares of Guidance Software stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $7.07, for a total transaction of $1,311,598.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 982,084 shares of company stock valued at $6,690,299 over the last quarter. Insiders own 38.11% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Primecap Management Co. CA increased its position in Guidance Software by 2.5% in the first quarter. Primecap Management Co. CA now owns 4,779,594 shares of the software maker’s stock worth $28,200,000 after buying an additional 117,979 shares in the last quarter. Vanguard Group Inc. boosted its position in Guidance Software by 2.3% in the second quarter. Vanguard Group Inc. now owns 1,170,308 shares of the software maker’s stock worth $7,735,000 after buying an additional 26,058 shares during the last quarter. Renaissance Technologies LLC boosted its position in Guidance Software by 9.3% in the first quarter. Renaissance Technologies LLC now owns 421,706 shares of the software maker’s stock worth $2,488,000 after buying an additional 36,006 shares during the last quarter. State Street Corp boosted its position in Guidance Software by 2.0% in the fourth quarter. State Street Corp now owns 304,945 shares of the software maker’s stock worth $2,159,000 after buying an additional 5,982 shares during the last quarter. Finally, Northern Trust Corp boosted its position in Guidance Software by 3.2% in the second quarter. Northern Trust Corp now owns 272,223 shares of the software maker’s stock worth $1,799,000 after buying an additional 8,314 shares during the last quarter. Institutional investors own 53.54% of the company’s stock.
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About Guidance Software
Guidance Software, Inc is a technology company. The Company is a provider of endpoint investigation solutions for cybersecurity analytics, security incident response, e-discovery, data privacy and forensic analysis. The Company has five segments, which include Products, Subscription, Professional services, Training and Maintenance.
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