Guidewire Software Inc (NYSE:GWRE) insider Michael Polelle sold 3,241 shares of Guidewire Software stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of $73.24, for a total transaction of $237,370.84. Following the sale, the insider now owns 5,522 shares in the company, valued at approximately $404,431.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Michael Polelle also recently made the following trade(s):
- On Wednesday, November 15th, Michael Polelle sold 208 shares of Guidewire Software stock. The stock was sold at an average price of $79.31, for a total transaction of $16,496.48.
Guidewire Software Inc (GWRE) traded up $0.04 during trading hours on Friday, reaching $77.35. The company’s stock had a trading volume of 418,779 shares, compared to its average volume of 703,905. Guidewire Software Inc has a 52 week low of $51.00 and a 52 week high of $83.52. The stock has a market cap of $5,830.00, a PE ratio of 309.40, a PEG ratio of 87.74 and a beta of 1.17.
Guidewire Software (NYSE:GWRE) last released its 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 for the quarter, compared to analysts’ expectations of $100.61 million. During the same period last year, the firm earned $0.02 EPS. The company’s revenue was up 15.0% compared to the same quarter last year. analysts expect that Guidewire Software Inc will post 0.06 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in GWRE. D.A. Davidson & CO. grew its stake in shares of 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 valued at $105,000 after buying an additional 1,476 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Guidewire Software by 7.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,205 shares of the technology company’s stock valued at $151,000 after buying an additional 150 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake in shares of Guidewire Software by 64.2% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 2,030 shares of the technology company’s stock valued at $158,000 after buying an additional 794 shares in the last quarter. Zions Bancorporation bought a new stake in shares of Guidewire Software in the 3rd quarter valued at approximately $161,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Guidewire Software by 12.6% in 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.
A number of equities analysts have commented on the stock. Citigroup set a $85.00 price objective on shares of Guidewire Software and gave the company a “buy” rating in a research note on Thursday, November 30th. KeyCorp restated a “buy” rating and set a $86.00 price objective on shares of Guidewire Software in a research note on Friday, September 29th. Zacks Investment Research cut shares of Guidewire Software from a “buy” rating to a “hold” rating in a research note on Friday, October 20th. Deutsche Bank restated a “buy” rating and set a $85.00 price objective on shares of Guidewire Software in a research note on Thursday, November 30th. Finally, BidaskClub cut shares of Guidewire Software from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Guidewire Software presently has a consensus 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.
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