Guidewire Software Director Sells $235,450 in Stock (GWRE)
Guidewire Software (NASDAQ:GWRE) Director Clifton Thomas Weatherford sold 5,000 shares of the stock on the open market in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $47.09, for a total value of $235,450.00. Following the sale, the director now directly owns 57,584 shares of the company’s stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on GWRE shares. Analysts at Zacks upgraded shares of Guidewire Software (NASDAQ:GWRE) from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, September 5th. They now have a $47.70 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Guidewire Software (NASDAQ:GWRE) in a research note to investors on Wednesday, September 4th. They now have a $50.00 price target on the stock. Finally, analysts at Citigroup Inc. downgraded shares of Guidewire Software (NASDAQ:GWRE) from a “neutral” rating to a “sell” rating in a research note to investors on Wednesday, September 4th. They now have a $37.00 price target on the stock. They noted that the move was a valuation call.
One analyst has rated the stock with a sell rating and four have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $45.28.
Shares of Guidewire Software (NASDAQ:GWRE) traded down 0.72% on Tuesday, hitting $47.14. 276,726 shares of the company’s stock traded hands. Guidewire Software has a 52 week low of $25.46 and a 52 week high of $47.73. The stock has a 50-day moving average of $44.04 and a 200-day moving average of $40.85. The company has a market cap of $2.717 billion and a P/E ratio of 189.92.
Guidewire Software (NASDAQ:GWRE) last issued its quarterly earnings data on Tuesday, September 3rd. The company reported $0.25 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.14 by $0.11. The company had revenue of $96.90 million for the quarter, compared to the consensus estimate of $93.10 million. During the same quarter last year, the company posted $0.10 earnings per share. Guidewire Software’s revenue was up 43.3% compared to the same quarter last year. On average, analysts predict that Guidewire Software will post $0.29 earnings per share for the current fiscal year.
Guidewire Software, Inc (NASDAQ:GWRE), is a provider of system software to the global property and casualty insurance industry.
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