Craig Conway Sells 400 Shares of Guidewire Software (GWRE) Stock

Guidewire Software (NYSE:GWRE) Director Craig Conway sold 400 shares of the firm’s stock in a transaction dated Monday, April 16th. The stock was sold at an average price of $82.26, for a total value of $32,904.00. Following the sale, the director now directly owns 9,993 shares of the company’s stock, valued at $822,024.18. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Craig Conway also recently made the following trade(s):

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  • On Thursday, March 15th, Craig Conway sold 400 shares of Guidewire Software stock. The stock was sold at an average price of $86.52, for a total value of $34,608.00.
  • On Thursday, February 15th, Craig Conway sold 600 shares of Guidewire Software stock. The stock was sold at an average price of $80.17, for a total value of $48,102.00.

Shares of NYSE GWRE opened at $86.79 on Thursday. The stock has a market cap of $6,462.30, a PE ratio of 267.97 and a beta of 1.05. Guidewire Software has a 52 week low of $58.87 and a 52 week high of $92.65.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings data on Tuesday, March 6th. The technology company reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.14. The business had revenue of $163.80 million for the quarter, compared to analyst estimates of $154.34 million. Guidewire Software had a positive return on equity of 2.54% and a negative net margin of 5.09%. The firm’s revenue for the quarter was up 41.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.28 EPS. analysts expect that Guidewire Software will post -0.01 earnings per share for the current year.

A number of research firms have recently weighed in on GWRE. William Blair reaffirmed an “outperform” rating on shares of Guidewire Software in a research note on Wednesday, March 7th. Stifel Nicolaus raised their price target on Guidewire Software from $78.00 to $88.00 and gave the stock a “hold” rating in a research note on Wednesday, March 7th. KeyCorp reaffirmed a “buy” rating and set a $91.00 price target on shares of Guidewire Software in a research note on Wednesday, March 7th. DA Davidson set a $100.00 price target on Guidewire Software and gave the stock a “buy” rating in a research note on Thursday, March 8th. Finally, Zacks Investment Research raised Guidewire Software from a “sell” rating to a “hold” rating in a research note on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the company. Guidewire Software currently has a consensus rating of “Buy” and an average price target of $85.44.

Hedge funds and other institutional investors have recently modified their holdings of the company. Sit Investment Associates Inc. acquired a new position in shares of Guidewire Software during the 4th quarter valued at about $2,230,000. Teachers Retirement System of The State of Kentucky increased its holdings in shares of Guidewire Software by 7.0% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 44,984 shares of the technology company’s stock valued at $3,341,000 after acquiring an additional 2,948 shares during the last quarter. Segall Bryant & Hamill LLC grew its holdings in Guidewire Software by 4.9% in the 4th quarter. Segall Bryant & Hamill LLC now owns 742,888 shares of the technology company’s stock valued at $55,167,000 after buying an additional 34,784 shares during the last quarter. California Public Employees Retirement System grew its holdings in Guidewire Software by 12.3% in the 3rd quarter. California Public Employees Retirement System now owns 99,256 shares of the technology company’s stock valued at $7,728,000 after buying an additional 10,856 shares during the last quarter. Finally, Pinebridge Investments L.P. grew its holdings in Guidewire Software by 41.8% in the 4th quarter. Pinebridge Investments L.P. now owns 53,011 shares of the technology company’s stock valued at $3,937,000 after buying an additional 15,625 shares during the last quarter.

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About Guidewire Software

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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