Share on StockTwits

Guidewire Software (NASDAQ:GWRE) Director Craig Conway sold 12,000 shares of the company’s stock on the open market in a transaction dated Friday, August 1st. The stock was sold at an average price of $39.81, for a total value of $477,720.00. Following the completion of the transaction, the director now directly owns 107,472 shares of the company’s stock, valued at approximately $4,278,460. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

A number of analysts have recently weighed in on GWRE shares. Analysts at Zacks downgraded shares of Guidewire Software from an “outperform” rating to a “neutral” rating in a research note on Tuesday. They now have a $44.80 price target on the stock. Finally, 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. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $52.16.

Guidewire Software (NASDAQ:GWRE) traded down 0.17% on Tuesday, hitting $40.34. The stock had a trading volume of 443,013 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 $39.13 and a 200-day moving average of $43.45. The company’s market cap is $2.766 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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.