Insider Selling: Jeremy Henrickson Sells 20,000 Shares of Guidewire Software Stock (GWRE)
Guidewire Software (NASDAQ:GWRE) VP Jeremy Henrickson sold 20,000 shares of Guidewire Software stock on the open market in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $46.75, for a total transaction of $935,000.00. Following the transaction, the vice president now directly owns 9,521 shares in the company. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. 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 given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $45.28.
Shares of Guidewire Software (NASDAQ:GWRE) traded up 2.36% on Tuesday, hitting $48.06. 682,131 shares of the company’s stock traded hands. Guidewire Software has a one year low of $25.46 and a one year high of $49.00. The stock has a 50-day moving average of $44.63 and a 200-day moving average of $41.42. The company has a market cap of $2.770 billion and a P/E ratio of 187.80.
Guidewire Software (NASDAQ:GWRE) last issued its quarterly earnings data 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. Analysts expect that Guidewire Software will post $0.26 EPS 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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