Shares of Guidance Software Inc. (NASDAQ:GUID) saw an uptick in trading volume on Wednesday . 68,128 shares changed hands during trading, an increase of 9% from the previous session’s volume of 62,468 shares.The stock last traded at $6.12 and had previously closed at $6.30.

Several research firms recently issued reports on GUID. B. Riley reiterated a “buy” rating and set a $8.00 target price on shares of Guidance Software in a report on Tuesday, March 22nd. Benchmark Co. upped their target price on Guidance Software from $6.00 to $7.00 and gave the stock a “buy” rating in a report on Friday, May 6th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $6.63.

The firm’s market cap is $178.98 million. The stock’s 50 day moving average is $6.04 and its 200-day moving average is $5.16.

Guidance Software (NASDAQ:GUID) last issued its quarterly earnings data on Thursday, May 5th. The company reported ($0.08) EPS for the quarter, meeting the consensus estimate of ($0.08). During the same period last year, the company posted ($0.06) earnings per share. The firm had revenue of $25.80 million for the quarter, compared to the consensus estimate of $25.55 million. The business’s revenue was up 3.2% on a year-over-year basis. Equities research analysts forecast that Guidance Software Inc. will post ($0.33) EPS for the current fiscal year.

In other news, CEO Patrick Dennis sold 12,412 shares of the company’s stock in a transaction dated Monday, May 2nd. The shares were sold at an average price of $4.92, for a total transaction of $61,067.04. Following the completion of the transaction, the chief executive officer now directly owns 402,053 shares of the company’s stock, valued at $1,978,100.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

A hedge fund recently bought a new stake in Guidance Software stock. Penserra Capital Management LLC purchased 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 purchased 1,284,516 shares of the company’s stock, valued at approximately $7,733,000. Guidance Software makes up approximately 0.7% of Penserra Capital Management LLC’s portfolio, making the stock its 29th largest position. Penserra Capital Management LLC owned about 4.56% of Guidance Software at the end of the most recent quarter.

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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