Guidewire Software, Inc. (NYSE:GWRE) Director Sells $47,538.00 in Stock

Guidewire Software, Inc. (NYSE:GWRE) Director Craig Conway sold 600 shares of the firm’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $79.23, for a total value of $47,538.00. Following the transaction, the director now owns 8,847 shares in the company, valued at $700,947.81. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

  • On Monday, October 16th, Craig Conway sold 600 shares of Guidewire Software stock. The shares were sold at an average price of $78.51, for a total value of $47,106.00.
  • On Friday, September 15th, Craig Conway sold 600 shares of Guidewire Software stock. The shares were sold at an average price of $78.20, for a total value of $46,920.00.

Guidewire Software, Inc. (GWRE) opened at $70.47 on Tuesday. Guidewire Software, Inc. has a 52 week low of $49.18 and a 52 week high of $83.52. The firm has a market capitalization of $5,512.74, a PE ratio of 182.88, a P/E/G ratio of 36.19 and a beta of 1.18.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings results on Wednesday, November 29th. The technology company reported ($0.06) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.10). Guidewire Software had a net margin of 3.82% and a return on equity of 3.29%. The business had revenue of $108.20 million during the quarter, compared to analysts’ expectations of $100.61 million. During the same quarter in the prior year, the firm earned $0.02 EPS. Guidewire Software’s revenue for the quarter was up 15.0% on a year-over-year basis. analysts forecast that Guidewire Software, Inc. will post 0.13 earnings per share for the current year.

A number of large investors have recently bought and sold shares of the business. DF Dent & Co. Inc. increased its stake in Guidewire Software by 30.1% during the 3rd quarter. DF Dent & Co. Inc. now owns 17,925 shares of the technology company’s stock worth $1,396,000 after buying an additional 4,150 shares in the last quarter. Neuberger Berman Group LLC purchased a new stake in Guidewire Software during the 3rd quarter worth approximately $386,000. California Public Employees Retirement System increased its stake in Guidewire Software by 12.3% during the 3rd quarter. California Public Employees Retirement System now owns 99,256 shares of the technology company’s stock worth $7,728,000 after buying an additional 10,856 shares in the last quarter. Bamco Inc. NY increased its stake in Guidewire Software by 3.1% during the 3rd quarter. Bamco Inc. NY now owns 5,082,409 shares of the technology company’s stock worth $395,716,000 after buying an additional 151,238 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in Guidewire Software during the 3rd quarter worth approximately $1,161,000.

A number of analysts have recently weighed in on GWRE shares. KeyCorp reaffirmed a “buy” rating and set a $75.00 price target on shares of Guidewire Software in a research report on Friday, August 25th. Zacks Investment Research cut Guidewire Software from a “hold” rating to a “sell” rating in a research report on Tuesday, November 7th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $80.00 price target on shares of Guidewire Software in a research report on Sunday, August 27th. Citigroup reaffirmed a “buy” rating and set a $85.00 price target (up previously from $79.00) on shares of Guidewire Software in a research report on Thursday, September 7th. Finally, Bank of America boosted their price objective on Guidewire Software from $74.00 to $76.00 and gave the company a “neutral” rating in a report on Thursday, September 7th. One analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $80.11.

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Guidewire Software Company Profile

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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