Guidewire Software Director Kenneth Branson Unloads 25,000 Shares (GWRE)
Guidewire Software (NASDAQ:GWRE) Director Kenneth Branson unloaded 25,000 shares of the stock on the open market in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $48.40, for a total value of $1,210,000.00. Following the completion of the sale, the director now directly owns 910,179 shares in the company, valued at approximately $44,052,664. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Guidewire Software (NASDAQ:GWRE) traded up 0.67% during mid-day trading on Tuesday, hitting $48.42. 409,464 shares of the company’s stock traded hands. Guidewire Software has a 52 week low of $30.06 and a 52 week high of $51.68. The stock’s 50-day moving average is $46.67 and its 200-day moving average is $45.94. The company has a market cap of $3.243 billion and a P/E ratio of 687.14.
Guidewire Software (NASDAQ:GWRE) last announced its earnings results on Tuesday, December 3rd. The company reported ($0.01) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.16) by $0.15. The company had revenue of $66.50 million for the quarter, compared to the consensus estimate of $62.80 million. During the same quarter last year, the company posted $0.11 earnings per share. Guidewire Software’s revenue was up 5.1% compared to the same quarter last year. On average, analysts predict that Guidewire Software will post $0.26 earnings per share 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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