Guidewire Software Inc (GWRE) Director Sells $35,512.00 in Stock

Guidewire Software Inc (NYSE:GWRE) Director Craig Conway sold 400 shares of the stock in a transaction dated Monday, October 15th. The stock was sold at an average price of $88.78, for a total transaction of $35,512.00. Following the completion of the transaction, the director now directly owns 8,793 shares of the company’s stock, valued at $780,642.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

  • On Monday, September 17th, Craig Conway sold 400 shares of Guidewire Software stock. The stock was sold at an average price of $107.10, for a total transaction of $42,840.00.
  • On Wednesday, August 15th, Craig Conway sold 400 shares of Guidewire Software stock. The stock was sold at an average price of $96.12, for a total transaction of $38,448.00.

Shares of NYSE GWRE opened at $93.99 on Thursday. Guidewire Software Inc has a fifty-two week low of $70.06 and a fifty-two week high of $107.79. The company has a market cap of $8.14 billion, a price-to-earnings ratio of 1,044.33, a price-to-earnings-growth ratio of 49.51 and a beta of 1.19. The company has a quick ratio of 5.43, a current ratio of 5.43 and a debt-to-equity ratio of 0.21.

Guidewire Software (NYSE:GWRE) last announced its earnings results on Wednesday, September 5th. The technology company reported $0.81 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.05. Guidewire Software had a negative net margin of 2.97% and a positive return on equity of 1.83%. The business had revenue of $248.60 million during the quarter, compared to the consensus estimate of $238.86 million. During the same quarter last year, the firm earned $0.59 earnings per share. The business’s revenue for the quarter was up 37.3% on a year-over-year basis. On average, sell-side analysts anticipate that Guidewire Software Inc will post 0.26 EPS for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new position in shares of Guidewire Software during the second quarter valued at approximately $142,000. TLP Group LLC bought a new position in shares of Guidewire Software during the first quarter valued at approximately $197,000. First Republic Investment Management Inc. bought a new position in shares of Guidewire Software during the second quarter valued at approximately $217,000. Verition Fund Management LLC bought a new position in shares of Guidewire Software during the first quarter valued at approximately $221,000. Finally, Burney Co. bought a new position in shares of Guidewire Software during the second quarter valued at approximately $229,000.

A number of research firms recently issued reports on GWRE. Piper Jaffray Companies increased their price target on shares of Guidewire Software to $110.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 28th. TheStreet raised shares of Guidewire Software from a “c” rating to a “b-” rating in a research note on Thursday, September 6th. DA Davidson increased their price target on shares of Guidewire Software to $118.00 and gave the stock a “buy” rating in a research note on Friday, September 21st. They noted that the move was a valuation call. Bank of America increased their price target on shares of Guidewire Software from $98.00 to $112.00 and gave the stock a “neutral” rating in a research note on Friday, September 21st. Finally, Stifel Nicolaus increased their price target on shares of Guidewire Software from $93.00 to $106.00 and gave the stock a “hold” rating in a research note on Friday, September 21st. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $109.90.

About Guidewire Software

Guidewire Software, Inc provides software products for property and casualty insurers worldwide. The company offers Guidewire InsuranceSuite comprising Guidewire PolicyCenter, BillingCenter, and ClaimCenter applications. It also provides Guidewire InsuranceNow, a cloud-based platform, which offers policy, billing, and claims management functionality to insurers that prefer to subscribe to a cloud-based solution.

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

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