Insider Buying: Guidewire Software Director Purchases 1,000 Shares of Stock (GWRE)
Guidewire Software (NASDAQ:GWRE) Director John Paul Cavoores bought 1,000 shares of Guidewire Software stock in a transaction dated Tuesday, September 10th. The shares were purchased at an average cost of $46.98 per share, for a total transaction of $46,980.00. Following the completion of the acquisition, the director now directly owns 5,484 shares in the company. The transaction was disclosed in a legal filing with the SEC, which is available at 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 research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $45.28.
Guidewire Software (NASDAQ:GWRE) traded up 0.09% on Friday, hitting $46.80. The stock had a trading volume of 180,645 shares. 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 $44.28 and a 200-day moving average of $41.04. The company has a market cap of $2.698 billion and a P/E ratio of 187.04.
Guidewire Software (NASDAQ:GWRE) last posted its quarterly earnings results on Tuesday, September 3rd. The company reported $0.25 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.10 earnings per share. The company’s revenue for the quarter was up 43.3% on a year-over-year basis. On average, analysts predict that Guidewire Software will post $0.26 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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