Insider Selling: Guidewire Software Inc (GWRE) Director Sells 600 Shares of Stock

Guidewire Software Inc (NYSE:GWRE) Director Craig Conway sold 600 shares of Guidewire Software stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $73.49, for a total transaction of $44,094.00. Following the completion of the transaction, the director now directly owns 10,904 shares of the company’s stock, valued at $801,334.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

  • On Wednesday, November 15th, Craig Conway sold 600 shares of Guidewire Software stock. The shares were sold at an average price of $79.23, for a total transaction of $47,538.00.
  • 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 transaction of $47,106.00.

Guidewire Software Inc (NYSE:GWRE) traded up $0.63 during trading on Thursday, reaching $77.31. 263,820 shares of the company’s stock were exchanged, compared to its average volume of 502,624. Guidewire Software Inc has a 52-week low of $51.00 and a 52-week high of $83.52. The firm has a market cap of $5,830.00, a price-to-earnings ratio of 309.24, a price-to-earnings-growth ratio of 87.43 and a beta of 1.17.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings results on Wednesday, November 29th. The technology company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.10). Guidewire Software had a return on equity of 3.29% and a net margin of 3.82%. The company had revenue of $108.20 million for the quarter, compared to the consensus estimate of $100.61 million. During the same quarter last year, the firm posted $0.02 earnings per share. The firm’s quarterly revenue was up 15.0% compared to the same quarter last year. sell-side analysts expect that Guidewire Software Inc will post 0.06 EPS for the current year.

Several hedge funds have recently added to or reduced their stakes in the business. Teacher Retirement System of Texas raised its position in shares of Guidewire Software by 1.1% during the 2nd quarter. Teacher Retirement System of Texas now owns 5,906 shares of the technology company’s stock worth $406,000 after buying an additional 63 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of Guidewire Software by 1.0% during the 2nd quarter. Pacer Advisors Inc. now owns 8,178 shares of the technology company’s stock worth $562,000 after buying an additional 78 shares in the last quarter. The Manufacturers Life Insurance Company raised its position 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 buying an additional 150 shares in the last quarter. Aperio Group LLC raised its position in shares of Guidewire Software by 5.3% during the 2nd quarter. Aperio Group LLC now owns 5,369 shares of the technology company’s stock worth $369,000 after buying an additional 269 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position 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 buying an additional 283 shares in the last quarter.

Several research analysts have recently commented on GWRE shares. Zacks Investment Research lowered shares of Guidewire Software from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. Citigroup set a $85.00 target price on shares of Guidewire Software and gave the company a “buy” rating in a research note on Thursday, November 30th. TheStreet lowered shares of Guidewire Software from a “b” rating to a “c+” rating in a research note on Wednesday, November 29th. Finally, Deutsche Bank reissued a “buy” rating and set a $85.00 target price on shares of Guidewire Software in a research note on Thursday, November 30th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $80.11.

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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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