Guidewire Software CFO Karen Blasing Sells 1,914 Shares (GWRE)
Guidewire Software (NASDAQ:GWRE) CFO Karen Blasing sold 1,914 shares of the stock in a transaction that occurred on Thursday, June 19th. The shares were sold at an average price of $38.91, for a total value of $74,473.74. 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 down 0.30% on Monday, hitting $39.38. The stock had a trading volume of 484,930 shares. Guidewire Software has a 1-year low of $33.66 and a 1-year high of $58.00. The stock’s 50-day moving average is $37.78 and its 200-day moving average is $45.20. The company’s market cap is $2.700 billion.
Guidewire Software (NASDAQ:GWRE) last released its 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.
A number of research firms have recently commented on GWRE. Analysts at Zacks upgraded shares of Guidewire Software from a “neutral” rating to an “outperform” rating in a research note on Monday, June 9th. They now have a $40.80 price target on the stock. Separately, 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, June 3rd. They now have a “buy” rating on the stock. Finally, 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. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $51.36.
Guidewire Software, Inc (NASDAQ:GWRE), is a provider of system software to the global property and casualty insurance industry.
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