Insider Selling: Guidewire Software Inc (GWRE) General Counsel Sells 2,306 Shares of Stock
Guidewire Software Inc (NYSE:GWRE) General Counsel James Winston King sold 2,306 shares of the firm’s stock in a transaction on Monday, September 19th. The stock was sold at an average price of $59.53, for a total value of $137,276.18. Following the completion of the transaction, the general counsel now directly owns 3,638 shares of the company’s stock, valued at $216,570.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
James Winston King also recently made the following trade(s):
- On Tuesday, September 20th, James Winston King sold 3,638 shares of Guidewire Software stock. The stock was sold at an average price of $58.43, for a total value of $212,568.34.
- On Tuesday, September 13th, James Winston King sold 564 shares of Guidewire Software stock. The stock was sold at an average price of $61.45, for a total value of $34,657.80.
- On Monday, August 15th, James Winston King sold 562 shares of Guidewire Software stock. The stock was sold at an average price of $62.05, for a total value of $34,872.10.
- On Wednesday, July 13th, James Winston King sold 561 shares of Guidewire Software stock. The stock was sold at an average price of $64.00, for a total value of $35,904.00.
Shares of Guidewire Software Inc (NYSE:GWRE) traded up 0.16% during mid-day trading on Wednesday, hitting $58.09. The stock had a trading volume of 393,850 shares. Guidewire Software Inc has a 1-year low of $42.32 and a 1-year high of $64.78. The stock’s 50-day moving average price is $61.52 and its 200 day moving average price is $58.76. The company has a market capitalization of $4.24 billion and a P/E ratio of 290.45.
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Guidewire Software (NYSE:GWRE) last issued its quarterly earnings data on Wednesday, September 7th. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.07. The firm earned $141.18 million during the quarter, compared to analyst estimates of $136.09 million. During the same period in the prior year, the company earned $0.35 earnings per share. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. On average, analysts predict that Guidewire Software Inc will post $0.76 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the stock. State Street Corp raised its position in shares of Guidewire Software by 2.7% in the first quarter. State Street Corp now owns 1,273,842 shares of the company’s stock worth $69,403,000 after buying an additional 33,481 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Guidewire Software by 44.0% in the first quarter. Wellington Management Group LLP now owns 4,266,255 shares of the company’s stock worth $232,425,000 after buying an additional 1,304,174 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Guidewire Software by 30.3% in the first quarter. Goldman Sachs Group Inc. now owns 658,463 shares of the company’s stock worth $35,873,000 after buying an additional 153,049 shares in the last quarter. SECOR Capital Advisors LP purchased a new position in shares of Guidewire Software during the second quarter worth approximately $2,923,000. Finally, UBS Group AG raised its position in shares of Guidewire Software by 45.8% in the first quarter. UBS Group AG now owns 21,095 shares of the company’s stock worth $1,150,000 after buying an additional 6,622 shares in the last quarter.
GWRE has been the subject of several research reports. Deutsche Bank AG reaffirmed a “buy” rating on shares of Guidewire Software in a research report on Monday, August 1st. JPMorgan Chase & Co. lifted their price objective on Guidewire Software from $68.00 to $78.00 and gave the company an “overweight” rating in a report on Thursday, September 8th. Zacks Investment Research raised Guidewire Software from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a report on Monday, July 11th. Bank of America Corp. cut Guidewire Software from a “neutral” rating to an “underperform” rating and set a $60.00 price objective for the company. in a report on Friday, September 16th. They noted that the move was a valuation call. Finally, Piper Jaffray Cos. assumed coverage on Guidewire Software in a report on Tuesday, May 31st. They set an “overweight” rating and a $65.00 price objective for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the stock. Guidewire Software presently has an average rating of “Buy” and an average price target of $71.14.
About Guidewire Software
Guidewire Software, Inc is a provider of software products for property and casualty (P&C) insurers. The Company’s software serves as a technology platform for P&C insurance carriers. Its platform consists of three products: core transaction processing, data management and analytics, and digital engagement.
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