Needham analyst Mayank Tandon downgraded Duck Creek Technologies to Hold from Buy after the company agreed to be acquired by Vista Equity Partners for $19 per share in an all-cash transaction valued at approximately $2.6B.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on DCT:
- Duck Creek Technologies management to meet virtually with Needham
- Duck Creek Soars Post Buyout by Vista Equity
- Duck Creek Agrees to be Acquired by Vista Equity Partners for $2.6 Billion
- Duck Creek Technologies to be acquired by Vista Equity Partners for $2.6B
- Duck Creek Technologies sees FY23 EPS 13c-14c, consensus 12c