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Guidewire Software (NASDAQ:GWRE) CEO Marcus Ryu unloaded 30,300 shares of Guidewire Software stock on the open market in a transaction dated Monday, July 7th. The stock was sold at an average price of $39.31, for a total value of $1,191,093.00. Following the sale, the chief executive officer now directly owns 143,636 shares of the company’s stock, valued at approximately $5,646,331. The sale was disclosed in a filing with the SEC, which is available at this link.

Guidewire Software (NASDAQ:GWRE) traded up 0.37% on Wednesday, hitting $38.17. 501,028 shares of the company’s stock traded hands. 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 $38.87 and its 200-day moving average is $44.72. The company’s market cap is $2.617 billion.

Guidewire Software (NASDAQ:GWRE) last announced its earnings results 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. Analysts expect that Guidewire Software will post $0.55 EPS 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 research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus 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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