Guidewire Software Inc (GWRE) Insider Sells $261,929.85 in Stock

Guidewire Software Inc (NYSE:GWRE) insider Michael Polelle sold 2,821 shares of the firm’s stock in a transaction dated Wednesday, June 20th. The stock was sold at an average price of $92.85, for a total transaction of $261,929.85. Following the sale, the insider now directly owns 7,240 shares in the company, valued at $672,234. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Michael Polelle also recently made the following trade(s):

  • On Monday, April 16th, Michael Polelle sold 209 shares of Guidewire Software stock. The stock was sold at an average price of $82.26, for a total transaction of $17,192.34.
  • On Tuesday, April 3rd, Michael Polelle sold 229 shares of Guidewire Software stock. The stock was sold at an average price of $79.74, for a total transaction of $18,260.46.

Shares of Guidewire Software opened at $91.34 on Friday, Marketbeat Ratings reports. The stock has a market cap of $7.35 billion, a PE ratio of 2,290.25, a P/E/G ratio of 208.20 and a beta of 1.06. Guidewire Software Inc has a 1-year low of $67.82 and a 1-year high of $96.19. The company has a debt-to-equity ratio of 0.23, a quick ratio of 5.97 and a current ratio of 5.97.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings data on Tuesday, June 5th. The technology company reported $0.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.06. The business had revenue of $140.47 million for the quarter, compared to analyst estimates of $137.31 million. Guidewire Software had a negative net margin of 12.83% and a positive return on equity of 0.30%. The company’s revenue was up 13.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.16 EPS. analysts forecast that Guidewire Software Inc will post 0.06 earnings per share for the current fiscal year.

Several research firms have issued reports on GWRE. JPMorgan Chase & Co. raised their price target on shares of Guidewire Software to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 6th. KeyCorp raised their price target on shares of Guidewire Software from $91.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 6th. Piper Jaffray Companies raised their price target on shares of Guidewire Software to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 6th. Stifel Nicolaus raised their price target on shares of Guidewire Software from $88.00 to $93.00 and gave the stock a “hold” rating in a research note on Wednesday, June 6th. Finally, DA Davidson raised their price target on shares of Guidewire Software from $100.00 to $106.00 and gave the stock a “buy” rating in a research note on Thursday, June 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the stock. Guidewire Software currently has an average rating of “Buy” and an average price target of $94.11.

Hedge funds have recently made changes to their positions in the company. Teachers Retirement System of The State of Kentucky lifted its holdings in shares of Guidewire Software by 7.0% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 44,984 shares of the technology company’s stock worth $3,341,000 after acquiring an additional 2,948 shares during the period. Segall Bryant & Hamill LLC lifted its holdings in shares of Guidewire Software by 4.9% during the 4th quarter. Segall Bryant & Hamill LLC now owns 742,888 shares of the technology company’s stock worth $55,167,000 after acquiring an additional 34,784 shares during the period. California Public Employees Retirement System lifted its holdings in shares of Guidewire Software by 20.2% during the 4th quarter. California Public Employees Retirement System now owns 119,291 shares of the technology company’s stock worth $8,859,000 after acquiring an additional 20,035 shares during the period. Brown Advisory Inc. lifted its holdings in shares of Guidewire Software by 1.4% during the 4th quarter. Brown Advisory Inc. now owns 516,159 shares of the technology company’s stock worth $38,331,000 after acquiring an additional 7,132 shares during the period. Finally, Firsthand Capital Management Inc. lifted its holdings in shares of Guidewire Software by 1,000.0% during the 4th quarter. Firsthand Capital Management Inc. now owns 55,000 shares of the technology company’s stock worth $4,084,000 after acquiring an additional 50,000 shares during the period.

Guidewire Software Company Profile

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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