Guidance Software Inc. (NASDAQ:GUID) shares saw strong trading volume on Tuesday . 120,404 shares traded hands during trading, an increase of 91% from the previous session’s volume of 62,926 shares.The stock last traded at $5.89 and had previously closed at $6.09.

Several research analysts recently weighed in on the stock. B. Riley restated a “buy” rating and set a $8.00 price target on shares of Guidance Software in a research report on Friday, May 6th. Benchmark Co. increased their price objective on shares of Guidance Software from $6.00 to $7.00 and gave the company a “buy” rating in a report on Friday, May 6th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $6.63.

The company’s 50 day moving average price is $6.08 and its 200-day moving average price is $5.17. The firm’s market capitalization is $172.84 million.

Guidance Software (NASDAQ:GUID) last announced its quarterly earnings results on Thursday, May 5th. The company reported ($0.08) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.08). The firm earned $25.80 million during the quarter, compared to analysts’ expectations of $25.55 million. During the same quarter in the previous year, the firm posted ($0.06) EPS. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. Analysts expect that Guidance Software Inc. will post ($0.33) earnings per share for the current year.

In related news, CEO Patrick Dennis sold 12,412 shares of the business’s stock in a transaction that occurred on Monday, May 2nd. The stock was sold at an average price of $4.92, for a total value of $61,067.04. Following the completion of the sale, the chief executive officer now owns 402,053 shares in the company, valued at $1,978,100.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

A hedge fund recently bought a new stake in Guidance Software stock. Penserra Capital Management LLC acquired a new position in Guidance Software Inc. (NASDAQ:GUID) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,284,516 shares of the company’s stock, valued at approximately $7,733,000. Guidance Software accounts for approximately 0.7% of Penserra Capital Management LLC’s investment portfolio, making the stock its 29th largest position. Penserra Capital Management LLC owned about 4.56% of Guidance Software as of its most recent SEC filing.

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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