Guidewire Software, Inc. (NYSE:GWRE) Insider Sells $85,269.58 in Stock

Guidewire Software, Inc. (NYSE:GWREGet Rating) insider James Winston King sold 1,166 shares of Guidewire Software stock in a transaction on Tuesday, June 21st. The stock was sold at an average price of $73.13, for a total value of $85,269.58. Following the sale, the insider now directly owns 27,141 shares of the company’s stock, valued at approximately $1,984,821.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

James Winston King also recently made the following trade(s):

  • On Friday, June 17th, James Winston King sold 993 shares of Guidewire Software stock. The stock was sold at an average price of $72.18, for a total value of $71,674.74.

Guidewire Software stock traded down $0.92 during midday trading on Tuesday, reaching $72.04. The company’s stock had a trading volume of 553,331 shares, compared to its average volume of 598,716. Guidewire Software, Inc. has a 52 week low of $69.61 and a 52 week high of $130.95. The company has a current ratio of 4.45, a quick ratio of 4.45 and a debt-to-equity ratio of 0.24. The business has a 50-day moving average price of $81.07 and a 200-day moving average price of $92.88. The stock has a market cap of $6.04 billion, a PE ratio of -39.80 and a beta of 1.31.

Guidewire Software (NYSE:GWREGet Rating) last released its earnings results on Tuesday, June 7th. The technology company reported ($0.26) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.02. Guidewire Software had a negative return on equity of 7.80% and a negative net margin of 18.86%. The firm had revenue of $197.45 million for the quarter, compared to analysts’ expectations of $187.73 million. During the same quarter in the previous year, the business posted ($0.39) earnings per share. The business’s revenue for the quarter was up 20.4% on a year-over-year basis. As a group, research analysts predict that Guidewire Software, Inc. will post -1.93 EPS for the current fiscal year.

A number of research firms have recently weighed in on GWRE. JMP Securities raised Guidewire Software from a “market perform” rating to an “outperform” rating and set a $110.00 target price for the company in a report on Friday, March 18th. StockNews.com downgraded Guidewire Software from a “hold” rating to a “sell” rating in a report on Saturday. Robert W. Baird dropped their price target on Guidewire Software from $118.00 to $89.00 and set a “neutral” rating for the company in a research note on Thursday, June 16th. DA Davidson dropped their price target on Guidewire Software to $114.00 and set a “na” rating for the company in a research note on Tuesday, May 24th. Finally, Wells Fargo & Company dropped their price target on Guidewire Software from $85.00 to $75.00 and set an “underweight” rating for the company in a research note on Wednesday, June 8th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $109.60.

A number of institutional investors have recently added to or reduced their stakes in GWRE. Principal Financial Group Inc. grew its holdings in shares of Guidewire Software by 2.1% during the first quarter. Principal Financial Group Inc. now owns 5,197,607 shares of the technology company’s stock worth $491,797,000 after purchasing an additional 109,373 shares during the last quarter. Skye Global Management LP grew its holdings in shares of Guidewire Software by 10.0% during the fourth quarter. Skye Global Management LP now owns 2,286,000 shares of the technology company’s stock worth $259,530,000 after purchasing an additional 208,000 shares during the last quarter. Route One Investment Company L.P. grew its holdings in shares of Guidewire Software by 14.6% during the first quarter. Route One Investment Company L.P. now owns 2,245,730 shares of the technology company’s stock worth $212,491,000 after purchasing an additional 286,750 shares during the last quarter. William Blair Investment Management LLC grew its holdings in shares of Guidewire Software by 8.5% during the fourth quarter. William Blair Investment Management LLC now owns 2,216,665 shares of the technology company’s stock worth $251,658,000 after purchasing an additional 172,751 shares during the last quarter. Finally, Van ECK Associates Corp grew its holdings in shares of Guidewire Software by 17.1% during the first quarter. Van ECK Associates Corp now owns 1,737,384 shares of the technology company’s stock worth $164,391,000 after purchasing an additional 253,401 shares during the last quarter.

About Guidewire Software (Get Rating)

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 that offers policy, billing, and claims management functionality to insurers; and Guidewire InsuranceSuite for Self-Managed.

See Also

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

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