Guidewire Software VP Alexander Naddaff Sells 4,654 Shares (GWRE)
Guidewire Software (NASDAQ:GWRE) VP Alexander Naddaff sold 4,654 shares of the company’s stock on the open market in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $47.78, for a total value of $222,368.12. Following the completion of the transaction, the vice president now directly owns 1,541 shares in the company, valued at approximately $73,629. The sale was disclosed in a 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 equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $45.28.
Shares of Guidewire Software (NASDAQ:GWRE) traded up 0.64% during mid-day trading on Monday, hitting $48.86. 756,697 shares of the company’s stock traded hands. Guidewire Software has a 52 week low of $25.46 and a 52 week high of $49.13. The stock’s 50-day moving average is $45.2 and its 200-day moving average is $41.75. The company has a market cap of $2.817 billion and a P/E ratio of 194.20.
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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