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.
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.
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