Guidewire Software Inc (GWRE) Insider Sells $16,184.48 in Stock

Guidewire Software Inc (NYSE:GWRE) insider Michael Polelle sold 208 shares of Guidewire Software stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $77.81, for a total transaction of $16,184.48. Following the sale, the insider now owns 2,489 shares of the company’s stock, valued at $193,669.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

  • On Wednesday, December 20th, Michael Polelle sold 3,241 shares of Guidewire Software stock. The stock was sold at an average price of $73.24, for a total transaction of $237,370.84.
  • On Wednesday, November 15th, Michael Polelle sold 208 shares of Guidewire Software stock. The stock was sold at an average price of $79.31, for a total transaction of $16,496.48.

Guidewire Software Inc (NYSE:GWRE) traded up $0.43 on Friday, hitting $77.11. 358,391 shares of the company traded hands, compared to its average volume of 547,037. Guidewire Software Inc has a twelve month low of $51.00 and a twelve month high of $83.52. The firm has a market capitalization of $5,810.00, a PE ratio of 308.44, a PEG ratio of 87.02 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 (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.10). The company had revenue of $108.20 million during the quarter, compared to analyst estimates of $100.61 million. Guidewire Software had a return on equity of 3.29% and a net margin of 3.82%. Guidewire Software’s revenue was up 15.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.02 earnings per share. sell-side analysts anticipate that Guidewire Software Inc will post 0.06 earnings per share for the current year.

GWRE has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Guidewire Software from a “hold” rating to a “buy” rating and set a $87.00 price target for the company in a report on Tuesday, October 24th. Deutsche Bank reissued a “buy” rating and issued a $85.00 target price (up from $80.00) on shares of Guidewire Software in a research report on Monday, October 2nd. KeyCorp reissued a “buy” rating and issued a $86.00 target price on shares of Guidewire Software in a research report on Friday, September 29th. BidaskClub cut shares of Guidewire Software from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 18th. Finally, Citigroup set a $85.00 target price on shares of Guidewire Software and gave the stock a “buy” rating in a research report on Thursday, November 30th. 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 issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $80.11.

A number of hedge funds have recently made changes to their positions in GWRE. D.A. Davidson & CO. lifted its position in Guidewire Software by 2,270.8% during the second quarter. D.A. Davidson & CO. now owns 1,541 shares of the technology company’s stock valued at $105,000 after buying an additional 1,476 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in Guidewire Software by 7.3% during the second quarter. The Manufacturers Life Insurance Company now owns 2,205 shares of the technology company’s stock valued at $151,000 after buying an additional 150 shares in the last quarter. BNP Paribas Arbitrage SA lifted its position in Guidewire Software by 64.2% during the third quarter. BNP Paribas Arbitrage SA now owns 2,030 shares of the technology company’s stock valued at $158,000 after buying an additional 794 shares in the last quarter. Zions Bancorporation acquired a new position in Guidewire Software during the third quarter valued at approximately $161,000. Finally, CIBC Asset Management Inc acquired a new position in Guidewire Software during the third quarter valued at approximately $200,000.

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Guidewire Software Company Profile

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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