Insider Selling: Karen Blasing Sells 1,500 Shares of Guidewire Software Stock (GWRE)
Guidewire Software (NASDAQ:GWRE) CFO Karen Blasing sold 1,500 shares of the stock on the open market in a transaction dated Monday, August 25th. The stock was sold at an average price of $45.00, for a total transaction of $67,500.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Guidewire Software (NASDAQ:GWRE) traded down 1.70% on Wednesday, hitting $45.05. The stock had a trading volume of 346,842 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 $40.86 and a 200-day moving average of $42.97. The company’s market cap is $3.088 billion.
Guidewire Software (NASDAQ:GWRE) last released 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. 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 Stephens initiated coverage on shares of Guidewire Software in a research note on Tuesday, August 12th. They set an “overweight” rating on the stock. Separately, analysts at Zacks downgraded shares of Guidewire Software from an “outperform” rating to a “neutral” rating in a research note on Tuesday, August 5th. 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 given a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $52.16.
Guidewire Software, Inc (NASDAQ:GWRE), is a provider of system software to the global property and casualty insurance industry.
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