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Guidewire Software (NASDAQ:GWRE) CEO Marcus Ryu sold 1,300 shares of the stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $40.13, for a total value of $52,169.00. Following the completion of the sale, the chief executive officer now directly owns 168,068 shares in the company, valued at approximately $6,744,569. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

GWRE has been the subject of a number of recent research reports. Analysts at Deutsche Bank cut their price target on shares of Guidewire Software from $65.00 to $55.00 in a research note on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at Citigroup Inc. upgraded shares of Guidewire Software from a “sell” rating to a “neutral” rating in a research note on Tuesday, May 27th. They now have a $43.00 price target on the stock. Finally, analysts at TheStreet downgraded shares of Guidewire Software from a “hold” rating to a “sell” rating in a research note on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $52.54.

Guidewire Software (NASDAQ:GWRE) traded up 3.31% during mid-day trading on Thursday, hitting $37.75. 1,100,246 shares of the company’s stock traded hands. Guidewire Software has a one year low of $33.66 and a one year high of $58.00. The stock’s 50-day moving average is $38.11 and its 200-day moving average is $45.86. The company’s market cap is $2.565 billion.

Guidewire Software (NASDAQ:GWRE) last issued its quarterly earnings data on Monday, June 2nd. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.08. The company had revenue of $82.00 million for the quarter, compared to the consensus estimate of $78.70 million. During the same quarter in the previous year, the company posted $0.04 earnings per share. The company’s revenue for the quarter was up 20.1% on a year-over-year basis. On average, analysts predict that Guidewire Software will post $0.55 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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