Guidewire Software Director Sells $588,480 in Stock (GWRE)
Guidewire Software (NASDAQ:GWRE) Director Craig Conway sold 12,000 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $49.04, for a total transaction of $588,480.00. Following the transaction, the director now directly owns 213,834 shares in the company, valued at approximately $10,486,419. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Guidewire Software (NASDAQ:GWRE) traded down 0.97% on Monday, hitting $48.85. 502,388 shares of the company’s stock traded hands. Guidewire Software has a 52-week low of $25.46 and a 52-week high of $51.68. The stock’s 50-day moving average is $47.94 and its 200-day moving average is $43.86. The company has a market cap of $2.831 billion and a P/E ratio of 197.32.
Guidewire Software (NASDAQ:GWRE) last announced its 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 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. On average, analysts predict that Guidewire Software will post $0.25 earnings per share for the current fiscal year.
A number of research firms have recently commented on GWRE. Analysts at Pacific Crest raised their price target on shares of Guidewire Software from $47.00 to $50.00 in a research note to investors on Tuesday, October 8th. They now have an “outperform” rating on the stock. Separately, analysts at Zacks downgraded shares of Guidewire Software from an “outperform” rating to a “neutral” rating in a research note to investors on Friday, October 4th. They now have a $51.70 price target on the stock. Finally, analysts at Zacks upgraded shares of Guidewire Software 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. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. Guidewire Software presently has an average rating of “Buy” and a consensus price target of $47.62.
Guidewire Software, Inc (NASDAQ:GWRE), is a provider of system software to the global property and casualty insurance industry.
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