Insider Selling: Clifton Thomas Weatherford Sells 5,000 Shares of Guidewire Software Stock (GWRE)
Guidewire Software (NASDAQ:GWRE) Director Clifton Thomas Weatherford unloaded 5,000 shares of the stock on the open market in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $40.08, for a total transaction of $200,400.00. Following the sale, the director now directly owns 42,222 shares in the company, valued at approximately $1,692,258. The transaction was disclosed in a filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on GWRE shares. 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 equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $51.36.
Guidewire Software (NASDAQ:GWRE) traded up 0.88% on Thursday, hitting $40.26. 497,262 shares of the company’s stock traded hands. 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 $37.94 and a 200-day moving average of $45.0. The company’s market cap is $2.760 billion.
Guidewire Software (NASDAQ:GWRE) last posted its quarterly earnings results 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. Analysts expect that Guidewire Software will post $0.55 EPS 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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