Craig Conway Sells 600 Shares of Guidewire Software, Inc. (NYSE:GWRE) Stock

Guidewire Software, Inc. (NYSE:GWRE) Director Craig Conway sold 600 shares of Guidewire Software stock in a transaction on Monday, October 16th. The stock was sold at an average price of $78.51, for a total value of $47,106.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Craig Conway also recently made the following trade(s):

  • On Friday, September 15th, Craig Conway sold 600 shares of Guidewire Software stock. The stock was sold at an average price of $78.20, for a total value of $46,920.00.
  • On Tuesday, August 15th, Craig Conway sold 600 shares of Guidewire Software stock. The shares were sold at an average price of $70.33, for a total value of $42,198.00.

Guidewire Software, Inc. (NYSE:GWRE) traded down 0.21% during trading on Thursday, hitting $77.22. The stock had a trading volume of 384,931 shares. Guidewire Software, Inc. has a 52-week low of $49.18 and a 52-week high of $81.46. The firm’s 50-day moving average price is $77.91 and its 200-day moving average price is $70.04. The company has a market cap of $5.79 billion, a price-to-earnings ratio of 275.79 and a beta of 1.22.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings data on Wednesday, September 6th. The technology company reported $0.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.20. Guidewire Software had a return on equity of 3.59% and a net margin of 4.13%. The company had revenue of $181.10 million for the quarter, compared to analysts’ expectations of $168.61 million. During the same period in the previous year, the firm posted $0.22 EPS. Guidewire Software’s revenue was up 28.3% compared to the same quarter last year. Analysts predict that Guidewire Software, Inc. will post $0.97 EPS for the current fiscal year.

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Several research firms have issued reports on GWRE. Zacks Investment Research raised Guidewire Software from a “hold” rating to a “buy” rating and set a $87.00 price target for the company in a report on Tuesday. BidaskClub lowered Guidewire Software from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 18th. Deutsche Bank AG reissued a “buy” rating and set a $85.00 price target (up previously from $80.00) on shares of Guidewire Software in a report on Monday, October 2nd. KeyCorp reissued a “buy” rating and set a $86.00 price target on shares of Guidewire Software in a report on Friday, September 29th. Finally, TheStreet raised Guidewire Software from a “c+” rating to a “b” rating in a research note on Wednesday, September 6th. Four research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $80.11.

Hedge funds have recently bought and sold shares of the stock. D.A. Davidson & CO. boosted its holdings in Guidewire Software by 2,270.8% in the 2nd quarter. D.A. Davidson & CO. now owns 1,541 shares of the technology company’s stock worth $105,000 after buying an additional 1,476 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Guidewire Software by 424.4% during the 1st quarter. Tower Research Capital LLC TRC now owns 2,601 shares of the technology company’s stock worth $146,000 after purchasing an additional 2,105 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Guidewire Software by 7.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,205 shares of the technology company’s stock worth $151,000 after purchasing an additional 150 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Guidewire Software by 12.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,536 shares of the technology company’s stock worth $174,000 after purchasing an additional 283 shares during the last quarter. Finally, First Trust Advisors LP acquired a new position in shares of Guidewire Software during the 2nd quarter worth approximately $214,000.

About Guidewire Software

Guidewire Software, Inc is a provider of software products for property and casualty (P&C) insurers. The Company’s software serves as a technology platform for P&C insurance carriers. The Company’s InsurancePlatform consists of three elements: core transaction processing, data management and analytics, and digital engagement.

Insider Buying and Selling by Quarter for Guidewire Software (NYSE:GWRE)

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