Guidewire Software Inc (GWRE) CEO Marcus Ryu Sells 20,000 Shares

Guidewire Software Inc (NYSE:GWRE) CEO Marcus Ryu sold 20,000 shares of the stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $92.95, for a total value of $1,859,000.00. Following the transaction, the chief executive officer now owns 20,276 shares of the company’s stock, valued at $1,884,654.20. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Marcus Ryu also recently made the following trade(s):

  • On Thursday, November 1st, Marcus Ryu sold 20,000 shares of Guidewire Software stock. The shares were sold at an average price of $89.04, for a total value of $1,780,800.00.
  • On Monday, October 1st, Marcus Ryu sold 20,822 shares of Guidewire Software stock. The stock was sold at an average price of $100.34, for a total value of $2,089,279.48.
  • On Tuesday, September 18th, Marcus Ryu sold 15,935 shares of Guidewire Software stock. The shares were sold at an average price of $105.31, for a total value of $1,678,114.85.

Shares of Guidewire Software stock traded down $4.96 during trading on Thursday, reaching $84.76. 2,601,010 shares of the company were exchanged, compared to its average volume of 685,684. 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 Inc has a twelve month low of $71.20 and a twelve month high of $107.79. The stock has a market cap of $7.27 billion, a PE ratio of 941.78, a price-to-earnings-growth ratio of 43.98 and a beta of 1.29.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings data on Tuesday, December 4th. The technology company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.18. Guidewire Software had a positive return on equity of 3.38% and a negative net margin of 0.72%. The business had revenue of $179.70 million during the quarter, compared to analysts’ expectations of $162.24 million. During the same period in the previous year, the firm earned ($0.06) earnings per share. The firm’s quarterly revenue was up 66.1% compared to the same quarter last year. Analysts expect that Guidewire Software Inc will post 0.26 EPS for the current fiscal year.

Institutional investors have recently made changes to their positions in the stock. Point72 Hong Kong Ltd acquired a new stake in shares of Guidewire Software during the third quarter worth $114,000. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new stake in shares of Guidewire Software during the second quarter worth $142,000. Parallel Advisors LLC grew its stake in shares of Guidewire Software by 290.8% during the third quarter. Parallel Advisors LLC now owns 1,794 shares of the technology company’s stock worth $181,000 after purchasing an additional 1,335 shares during the period. Halsey Associates Inc. CT acquired a new stake in shares of Guidewire Software during the third quarter worth $202,000. Finally, Stone Ridge Asset Management LLC acquired a new position in Guidewire Software in the third quarter valued at about $202,000.

Several brokerages recently weighed in on GWRE. Bank of America raised their target price on Guidewire Software from $98.00 to $112.00 and gave the company a “neutral” rating in a research note on Friday, September 21st. Deutsche Bank raised their price objective on Guidewire Software to $110.00 and gave the company a “buy” rating in a research note on Friday, September 21st. TheStreet raised Guidewire Software from a “c” rating to a “b-” rating in a report on Thursday, September 6th. Piper Jaffray Companies lifted their price objective on Guidewire Software to $110.00 and gave the stock an “overweight” rating in a report on Tuesday, August 28th. Finally, DA Davidson boosted their price target on Guidewire Software to $118.00 and gave the company a “buy” rating in a research note on Friday, September 21st. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $109.60.

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Guidewire Software Company Profile

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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