Guidewire Software CEO Sells $6,232,200 in Stock (GWRE)
Guidewire Software (NASDAQ:GWRE) CEO Marcus Ryu sold 130,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $47.94, for a total value of $6,232,200.00. Following the completion of the transaction, the chief executive officer now directly owns 495,823 shares of the company’s stock. The sale was disclosed in a legal filing 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 assigned a buy rating to the stock. Guidewire Software has a consensus rating of “Buy” and a consensus target price of $45.28.
Guidewire Software (NASDAQ:GWRE) traded down 1.71% on Thursday, hitting $47.63. The stock had a trading volume of 449,546 shares. Guidewire Software has a 52-week low of $25.46 and a 52-week high of $49.00. The stock’s 50-day moving average is $44.93 and its 200-day moving average is $41.51. The company has a market cap of $2.746 billion and a P/E ratio of 193.84.
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 prior year, the company posted $0.10 earnings per share. The company’s quarterly revenue 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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