Guidewire Software Director Kenneth Branson Sells 25,000 Shares (GWRE)
Guidewire Software (NASDAQ:GWRE) Director Kenneth Branson sold 25,000 shares of Guidewire Software stock on the open market in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $47.17, for a total transaction of $1,179,250.00. Following the completion of the transaction, the director now directly owns 596,532 shares of the company’s stock, valued at approximately $28,138,414. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Guidewire Software (NASDAQ:GWRE) from an “outperform” rating to a “neutral” rating in a research note to investors on Friday. They now have a $51.70 price target on the stock. Finally, 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. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. Guidewire Software currently has a consensus rating of “Hold” and a consensus target price of $45.95.
Shares of Guidewire Software (NASDAQ:GWRE) traded down 0.06% on Friday, hitting $48.41. The stock had a trading volume of 280,688 shares. Guidewire Software has a one year low of $25.46 and a one year high of $49.14. The stock has a 50-day moving average of $46.3 and a 200-day moving average of $42.35. The company has a market cap of $2.805 billion and a price-to-earnings ratio of 193.76.
Guidewire Software (NASDAQ:GWRE) last issued its quarterly earnings data on Tuesday, September 3rd. The company reported $0.25 EPS for the quarter, beating the Thomson Reuters 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.
Guidewire Software, Inc (NASDAQ:GWRE), is a provider of system software to the global property and casualty insurance industry.
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