Peel Hunt Reiterates “Buy” Rating for Wandisco (WAND)

Peel Hunt reaffirmed their buy rating on shares of Wandisco (LON:WAND) in a research note released on Tuesday morning. The brokerage currently has a GBX 1,000 ($13.56) price objective on the stock.

Wandisco (LON:WAND) traded down GBX 15 ($0.20) on Tuesday, hitting GBX 795 ($10.78). The stock had a trading volume of 53,030 shares, compared to its average volume of 44,306. Wandisco has a fifty-two week low of GBX 299.25 ($4.06) and a fifty-two week high of GBX 890 ($12.07). The company has a market cap of $326.77 and a P/E ratio of -3,975.00.

In other news, insider Karl Upton Monaghan purchased 8,900 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were acquired at an average price of GBX 550 ($7.46) per share, with a total value of £48,950 ($66,381.88).

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About Wandisco

WANdisco plc focuses on Active Data Replication technology. The Company’s WANdisco Fusion technology enables the replication of continuously changing data to the cloud and on-premises data centers. The Company is involved in the development and sale of licenses for software and related maintenance. The Company is engaged in the development and provision of global collaboration software.

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