Richard Hart Sells 7,566 Shares of Guidewire Software Inc (GWRE) Stock

Guidewire Software Inc (NYSE:GWRE) CFO Richard Hart sold 7,566 shares of the business’s stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $73.00, for a total value of $552,318.00. Following the transaction, the chief financial officer now directly owns 7,279 shares of the company’s stock, valued at approximately $531,367. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Richard Hart also recently made the following trade(s):

  • On Friday, January 5th, Richard Hart sold 374 shares of Guidewire Software stock. The stock was sold at an average price of $77.00, for a total value of $28,798.00.
  • On Monday, December 11th, Richard Hart sold 1,114 shares of Guidewire Software stock. The stock was sold at an average price of $72.80, for a total value of $81,099.20.
  • On Thursday, October 5th, Richard Hart sold 375 shares of Guidewire Software stock. The stock was sold at an average price of $77.40, for a total value of $29,025.00.

Shares of Guidewire Software Inc (GWRE) traded up $0.04 during mid-day trading 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 12-month low of $51.00 and a 12-month high of $83.52. The company has a market capitalization of $5,830.00, a P/E ratio of 309.40, a P/E/G ratio of 87.74 and a beta of 1.17.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings data 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 company had revenue of $108.20 million during the quarter, compared to the consensus estimate of $100.61 million. During the same quarter in the previous year, the firm posted $0.02 EPS. The business’s revenue for the quarter was up 15.0% compared to the same quarter last year. sell-side analysts forecast that Guidewire Software Inc will post 0.06 earnings per share for the current fiscal year.

Several analysts have issued reports on the company. Citigroup set a $85.00 target price on Guidewire Software and gave the stock a “buy” rating in a research note on Thursday, November 30th. KeyCorp reaffirmed a “buy” rating and issued a $86.00 target price on shares of Guidewire Software in a research note on Friday, September 29th. Zacks Investment Research lowered Guidewire Software from a “buy” rating to a “hold” rating in a research note on Friday, October 20th. Deutsche Bank reaffirmed a “buy” rating and issued a $85.00 target price on shares of Guidewire Software in a research note on Thursday, November 30th. Finally, BidaskClub lowered Guidewire Software from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $80.11.

A number of hedge funds have recently made changes to their positions in the business. Ameriprise Financial Inc. raised its holdings in shares of Guidewire Software by 51.5% during the second quarter. Ameriprise Financial Inc. now owns 88,489 shares of the technology company’s stock valued at $6,079,000 after acquiring an additional 30,089 shares in the last quarter. Aperio Group LLC raised its holdings in shares of Guidewire Software by 5.3% during the second quarter. Aperio Group LLC now owns 5,369 shares of the technology company’s stock valued at $369,000 after acquiring an additional 269 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of Guidewire Software by 3,290.9% during the third quarter. First Trust Advisors LP now owns 105,797 shares of the technology company’s stock valued at $8,237,000 after acquiring an additional 102,677 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Guidewire Software by 3.4% during the second quarter. BlackRock Inc. now owns 3,175,007 shares of the technology company’s stock valued at $218,156,000 after acquiring an additional 103,707 shares in the last quarter. Finally, Koch Industries Inc. bought a new position in shares of Guidewire Software during the second quarter valued at approximately $304,000.

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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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