Guidewire Software, Inc. (NYSE:GWRE – Get Free Report) insider James Winston King sold 4,514 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $172.66, for a total transaction of $779,387.24. Following the completion of the sale, the insider now directly owns 48,237 shares of the company’s stock, valued at approximately $8,328,600.42. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
Guidewire Software Trading Up 1.3 %
NYSE:GWRE opened at $174.62 on Friday. Guidewire Software, Inc. has a twelve month low of $85.15 and a twelve month high of $174.68. The company has a market cap of $14.43 billion, a PE ratio of -1,343.23 and a beta of 1.18. The company’s 50 day moving average is $150.42 and its two-hundred day moving average is $131.29.
Guidewire Software (NYSE:GWRE – Get Free Report) last released its earnings results on Thursday, September 5th. The technology company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.08. Guidewire Software had a negative return on equity of 1.32% and a negative net margin of 0.62%. The firm had revenue of $291.50 million for the quarter, compared to the consensus estimate of $283.84 million. During the same period in the prior year, the firm earned $0.30 EPS. The firm’s revenue was up 8.0% on a year-over-year basis. As a group, analysts expect that Guidewire Software, Inc. will post 0.49 EPS for the current fiscal year.
Institutional Trading of Guidewire Software
Analysts Set New Price Targets
A number of analysts have weighed in on GWRE shares. Robert W. Baird upped their target price on Guidewire Software from $152.00 to $165.00 and gave the stock an “outperform” rating in a report on Tuesday, September 3rd. Royal Bank of Canada raised their price objective on Guidewire Software from $170.00 to $180.00 and gave the company an “outperform” rating in a research report on Friday, September 6th. Needham & Company LLC reiterated a “hold” rating on shares of Guidewire Software in a report on Friday, September 6th. JPMorgan Chase & Co. increased their price target on shares of Guidewire Software from $133.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, June 5th. Finally, Stifel Nicolaus lifted their price objective on shares of Guidewire Software from $140.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $161.69.
Read Our Latest Analysis on Guidewire Software
About Guidewire Software
Guidewire Software, Inc provides a platform for property and casualty (P&C) insurers worldwide. The company offers Guidewire InsuranceSuite Cloud, such as PolicyCenter Cloud, BillingCenter Cloud, and ClaimCenter Cloud 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.
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