Guidewire Software Inc (NYSE:GWRE) insider Michael Polelle sold 208 shares of Guidewire Software stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $77.81, for a total transaction of $16,184.48. Following the completion of the sale, the insider now directly owns 2,489 shares in the company, valued at approximately $193,669.09. The transaction 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 Wednesday, December 20th, Michael Polelle sold 3,241 shares of Guidewire Software stock. The shares were sold at an average price of $73.24, for a total value of $237,370.84.
- On Wednesday, November 15th, Michael Polelle sold 208 shares of Guidewire Software stock. The shares were sold at an average price of $79.31, for a total value of $16,496.48.
Shares of Guidewire Software Inc (NYSE GWRE) traded down $0.06 during trading hours on Friday, hitting $75.27. The company had a trading volume of 608,245 shares, compared to its average volume of 487,604. The firm has a market cap of $5,670.00, a P/E ratio of 301.08, a price-to-earnings-growth ratio of 127.85 and a beta of 1.13. Guidewire Software Inc has a 1 year low of $53.99 and a 1 year high of $83.52.
Guidewire Software (NYSE:GWRE) last issued its quarterly earnings data on Wednesday, November 29th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.10). The business had revenue of $108.20 million for 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%. The firm’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.02 earnings per share. equities analysts predict that Guidewire Software Inc will post 0.05 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ameriprise Financial Inc. grew its position in Guidewire Software by 51.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 88,489 shares of the technology company’s stock valued at $6,079,000 after acquiring an additional 30,089 shares in the last quarter. First Trust Advisors LP grew its position in shares of Guidewire Software by 3,290.9% during the third quarter. First Trust Advisors LP now owns 105,797 shares of the technology company’s stock worth $8,237,000 after buying an additional 102,677 shares in the last quarter. BlackRock Inc. grew its position in shares of Guidewire Software by 3.4% during the second quarter. BlackRock Inc. now owns 3,175,007 shares of the technology company’s stock worth $218,156,000 after buying an additional 103,707 shares in the last quarter. Koch Industries Inc. acquired a new position in shares of Guidewire Software during the second quarter worth about $304,000. Finally, Vanguard Group Inc. grew its position in shares of Guidewire Software by 1.7% during the second quarter. Vanguard Group Inc. now owns 5,789,792 shares of the technology company’s stock worth $397,816,000 after buying an additional 96,478 shares in the last quarter.
A number of research analysts have weighed in on the company. DA Davidson assumed coverage on Guidewire Software in a report on Friday, February 2nd. They issued a “buy” rating and a $92.00 price objective on the stock. BidaskClub lowered Guidewire Software from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 18th. TheStreet lowered Guidewire Software from a “b” rating to a “c+” rating in a report on Wednesday, November 29th. Zacks Investment Research lowered Guidewire Software from a “hold” rating to a “sell” rating in a report on Monday, January 8th. Finally, Deutsche Bank reiterated a “buy” rating and set a $85.00 price target on shares of Guidewire Software in a report on Thursday, November 30th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $81.30.
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.
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