Craig Conway Sells 400 Shares of Guidewire Software (NYSE:GWRE) Stock

Guidewire Software (NYSE:GWRE) Director Craig Conway sold 400 shares of the firm’s stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $86.52, for a total transaction of $34,608.00. Following the sale, the director now owns 10,193 shares in the company, valued at $881,898.36. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

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  • On Thursday, February 15th, Craig Conway sold 600 shares of Guidewire Software stock. The shares were sold at an average price of $80.17, for a total transaction of $48,102.00.
  • On Tuesday, January 16th, Craig Conway sold 600 shares of Guidewire Software stock. The shares were sold at an average price of $77.99, for a total transaction of $46,794.00.

GWRE opened at $80.91 on Friday. Guidewire Software has a fifty-two week low of $58.25 and a fifty-two week high of $92.65. The firm has a market cap of $6,097.54, a PE ratio of 252.84 and a beta of 1.05.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings results on Tuesday, March 6th. The technology company reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.14. The business had revenue of $163.80 million during the quarter, compared to the consensus estimate of $154.34 million. Guidewire Software had a positive return on equity of 2.54% and a negative net margin of 5.09%. Guidewire Software’s revenue for the quarter was up 41.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.28 earnings per share. research analysts forecast that Guidewire Software will post -0.01 EPS for the current fiscal year.

A number of research firms have recently issued reports on GWRE. ValuEngine upgraded shares of Guidewire Software from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Piper Jaffray reissued an “overweight” rating on shares of Guidewire Software in a research note on Wednesday, March 14th. William Blair reissued an “outperform” rating on shares of Guidewire Software in a research note on Wednesday, March 7th. DA Davidson set a $100.00 target price on shares of Guidewire Software and gave the company a “buy” rating in a research note on Thursday, March 8th. Finally, KeyCorp reissued a “buy” rating and issued a $91.00 target price on shares of Guidewire Software in a research note on Wednesday, March 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $85.44.

A number of hedge funds have recently bought and sold shares of GWRE. The Manufacturers Life Insurance Company raised its stake in Guidewire Software by 7.3% in the second quarter. The Manufacturers Life Insurance Company now owns 2,205 shares of the technology company’s stock valued at $151,000 after purchasing an additional 150 shares in the last quarter. Swiss National Bank raised its stake in Guidewire Software by 1.1% during the third quarter. Swiss National Bank now owns 123,718 shares of the technology company’s stock worth $9,633,000 after acquiring an additional 1,300 shares in the last quarter. Global X MANAGEMENT CO LLC raised its stake in Guidewire Software by 96.8% during the third quarter. Global X MANAGEMENT CO LLC now owns 12,200 shares of the technology company’s stock worth $950,000 after acquiring an additional 6,002 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in Guidewire Software by 64.2% during the third quarter. BNP Paribas Arbitrage SA now owns 2,030 shares of the technology company’s stock worth $158,000 after acquiring an additional 794 shares in the last quarter. Finally, Sei Investments Co. raised its stake in Guidewire Software by 1.4% during the third quarter. Sei Investments Co. now owns 112,343 shares of the technology company’s stock worth $8,747,000 after acquiring an additional 1,539 shares in the last quarter.

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About Guidewire Software

Guidewire Software, Inc provides software products for property and casualty insurers. It offers Guidewire InsuranceNow, a cloud-based platform that offers policy, billing, and claims management functionality to insurers. The company's products include Guidewire InsuranceSuite comprising Guidewire PolicyCenter, an underwriting and policy administration application; Guidewire ClaimCenter, a lifecycle management application; Guidewire BillingCenter, manages billing, payment plans, agent commissions, and external payment systems; and Guidewire Underwriting Management, a cloud-based underwriting application.

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

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