Insider Selling: Guidewire Software Inc (GWRE) Insider Sells 2,821 Shares of Stock

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Guidewire Software Inc (NYSE:GWRE) insider Michael Polelle sold 2,821 shares of Guidewire Software stock in a transaction on Wednesday, June 20th. The shares were sold at an average price of $92.85, for a total value of $261,929.85. Following the transaction, the insider now owns 7,240 shares in the company, valued at $672,234. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Michael Polelle also recently made the following trade(s):

  • On Monday, April 16th, Michael Polelle sold 209 shares of Guidewire Software stock. The shares were sold at an average price of $82.26, for a total value of $17,192.34.
  • On Tuesday, April 3rd, Michael Polelle sold 229 shares of Guidewire Software stock. The shares were sold at an average price of $79.74, for a total value of $18,260.46.

Shares of NYSE GWRE traded up $0.42 during mid-day trading on Wednesday, reaching $93.90. The company had a trading volume of 560,676 shares, compared to its average volume of 596,918. The company has a quick ratio of 5.97, a current ratio of 5.97 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $7.56 billion, a price-to-earnings ratio of 234.75, a PEG ratio of 214.09 and a beta of 1.06. Guidewire Software Inc has a 1-year low of $66.68 and a 1-year high of $96.19.

Guidewire Software (NYSE:GWRE) last issued its earnings results on Tuesday, June 5th. The technology company reported $0.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.06. The business had revenue of $140.47 million for the quarter, compared to analysts’ expectations of $137.31 million. Guidewire Software had a positive return on equity of 0.30% and a negative net margin of 12.83%. The company’s quarterly revenue was up 13.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.16 EPS. analysts anticipate that Guidewire Software Inc will post 0.06 earnings per share for the current year.

Several hedge funds have recently modified their holdings of GWRE. ARK Investment Management LLC purchased a new position in shares of Guidewire Software during the fourth quarter valued at $118,000. American International Group Inc. purchased a new position in shares of Guidewire Software during the fourth quarter valued at $121,000. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Guidewire Software by 46.9% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 2,140 shares of the technology company’s stock valued at $173,000 after buying an additional 683 shares in the last quarter. TLP Group LLC purchased a new position in shares of Guidewire Software during the first quarter valued at $197,000. Finally, CIBC Asset Management Inc purchased a new position in shares of Guidewire Software during the first quarter valued at $207,000.

Several equities analysts have recently issued reports on GWRE shares. ValuEngine upgraded Guidewire Software from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Piper Jaffray Companies lifted their price target on Guidewire Software to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, June 6th. William Blair reiterated an “outperform” rating on shares of Guidewire Software in a research report on Wednesday, March 7th. Stifel Nicolaus lifted their price target on Guidewire Software from $78.00 to $88.00 and gave the company a “hold” rating in a research report on Wednesday, March 7th. Finally, DA Davidson set a $100.00 target price on Guidewire Software and gave the stock a “buy” rating in a report on Thursday, March 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company’s stock. Guidewire Software presently has an average rating of “Buy” and an average target price of $94.11.

Guidewire Software Company Profile

Guidewire Software, Inc provides software products for property and casualty insurers. It offers Guidewire InsuranceNow, a cloud-based platform that offers policy, billing, and claims management functionality to insurers. The company's products include Guidewire InsuranceSuite comprising Guidewire PolicyCenter, an underwriting and policy administration application; Guidewire ClaimCenter, a lifecycle management application; Guidewire BillingCenter, manages billing, payment plans, agent commissions, and external payment systems; and Guidewire Underwriting Management, a cloud-based underwriting application.

Insider Buying and Selling by Quarter for Guidewire Software (NYSE:GWRE)

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