Richard Hart Sells 1,114 Shares of Guidewire Software, Inc. (GWRE) Stock

Guidewire Software, Inc. (NYSE:GWRE) CFO Richard Hart sold 1,114 shares of the firm’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $72.80, for a total transaction of $81,099.20. Following the completion of the transaction, the chief financial officer now directly owns 4,776 shares in the company, valued at $347,692.80. The sale was disclosed in a document filed with the SEC, which is available at this link.

Richard Hart also recently made the following trade(s):

  • On Thursday, October 5th, Richard Hart sold 375 shares of Guidewire Software stock. The shares were sold at an average price of $77.40, for a total transaction of $29,025.00.
  • On Wednesday, September 20th, Richard Hart sold 3,996 shares of Guidewire Software stock. The shares were sold at an average price of $77.05, for a total transaction of $307,891.80.
  • On Tuesday, September 19th, Richard Hart sold 3,641 shares of Guidewire Software stock. The shares were sold at an average price of $77.79, for a total transaction of $283,233.39.

Guidewire Software, Inc. (NYSE GWRE) remained flat at $$73.61 on Thursday. The company had a trading volume of 653,800 shares, compared to its average volume of 474,408. Guidewire Software, Inc. has a 1-year low of $49.18 and a 1-year high of $83.52. The firm has a market capitalization of $5,580.00, a PE ratio of 184.02, a price-to-earnings-growth ratio of 83.54 and a beta of 1.17.

Guidewire Software (NYSE:GWRE) last released its earnings results on Wednesday, November 29th. The technology company reported ($0.06) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.10). Guidewire Software had a return on equity of 3.29% and a net margin of 3.82%. The business had revenue of $108.20 million during the quarter, compared to analysts’ expectations of $100.61 million. During the same period last year, the business earned $0.02 earnings per share. The company’s revenue for the quarter was up 15.0% compared to the same quarter last year. research analysts anticipate that Guidewire Software, Inc. will post 0.06 earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. D.A. Davidson & CO. increased its holdings in shares of Guidewire Software by 2,270.8% during the 2nd quarter. D.A. Davidson & CO. now owns 1,541 shares of the technology company’s stock worth $105,000 after buying an additional 1,476 shares during the last quarter. BNP Paribas Arbitrage SA increased its holdings in Guidewire Software by 64.2% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 2,030 shares of the technology company’s stock valued at $158,000 after purchasing an additional 794 shares during the last quarter. Zions Bancorporation acquired a new stake in Guidewire Software in the 3rd quarter valued at approximately $161,000. The Manufacturers Life Insurance Company increased its holdings in Guidewire Software by 7.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,205 shares of the technology company’s stock valued at $151,000 after purchasing an additional 150 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Guidewire Software by 12.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,536 shares of the technology company’s stock valued at $174,000 after purchasing an additional 283 shares during the last quarter.

A number of research analysts recently weighed in on the stock. KeyCorp reaffirmed a “buy” rating and issued a $86.00 price target on shares of Guidewire Software in a research note on Friday, September 29th. TheStreet raised shares of Guidewire Software from a “c+” rating to a “b” rating in a research note on Wednesday, September 6th. Citigroup set a $85.00 price target on shares of Guidewire Software and gave the company a “buy” rating in a research note on Thursday, November 30th. Stifel Nicolaus raised their price target on shares of Guidewire Software from $70.00 to $75.00 and gave the company a “hold” rating in a research note on Thursday, September 7th. Finally, Zacks Investment Research lowered shares of Guidewire Software from a “buy” rating to a “hold” rating in a research note on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $80.11.

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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. The Company’s InsurancePlatform consists of three elements: core transaction processing, data management and analytics, and digital engagement.

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

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