Insider Selling: Clifton Thomas Weatherford Sells 5,000 Shares of Guidewire Software Stock (GWRE)
Guidewire Software (NASDAQ:GWRE) Director Clifton Thomas Weatherford sold 5,000 shares of Guidewire Software stock on the open market in a transaction dated Thursday, June 5th. The shares were sold at an average price of $36.58, for a total value of $182,900.00. Following the transaction, the director now directly owns 47,222 shares in the company, valued at approximately $1,727,381. 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 up 1.80% during mid-day trading on Friday, hitting $38.43. The stock had a trading volume of 657,348 shares. Guidewire Software has a 52-week low of $33.66 and a 52-week high of $58.00. The stock has a 50-day moving average of $37.98 and a 200-day moving average of $45.80. The company’s market cap is $2.611 billion.
Guidewire Software (NASDAQ:GWRE) last issued its quarterly earnings data on Monday, June 2nd. The company reported $0.11 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.04 earnings per share. The company’s quarterly revenue 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.
A number of analysts have recently weighed in on GWRE shares. 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 analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. Guidewire Software has a consensus rating of “Hold” and a consensus price target of $52.54.
Guidewire Software, Inc (NASDAQ:GWRE), is a provider of system software to the global property and casualty insurance industry.
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