Guidewire Software Inc (GWRE) CEO Sells $1,583,623.05 in Stock

Guidewire Software Inc (NYSE:GWRE) CEO Marcus Ryu sold 17,111 shares of the company’s stock in a transaction on Tuesday, June 19th. The stock was sold at an average price of $92.55, for a total value of $1,583,623.05. Following the completion of the sale, the chief executive officer now owns 16,822 shares of the company’s stock, valued at $1,556,876.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Marcus Ryu also recently made the following trade(s):

  • On Tuesday, May 1st, Marcus Ryu sold 14,317 shares of Guidewire Software stock. The stock was sold at an average price of $84.11, for a total value of $1,204,202.87.
  • On Monday, April 2nd, Marcus Ryu sold 19,705 shares of Guidewire Software stock. The stock was sold at an average price of $79.05, for a total value of $1,557,680.25.

Guidewire Software opened at $88.78 on Friday, according to MarketBeat.com. The firm has a market capitalization of $7.08 billion, a PE ratio of 2,206.00, a P/E/G ratio of 200.55 and a beta of 1.06. The company has a debt-to-equity ratio of 0.23, a current ratio of 5.97 and a quick ratio of 5.97. Guidewire Software Inc has a 12 month low of $67.89 and a 12 month high of $96.19.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings results on Tuesday, June 5th. The technology company reported $0.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.06. The firm had revenue of $140.47 million during the quarter, compared to analyst estimates of $137.31 million. Guidewire Software had a positive return on equity of 0.30% and a negative net margin of 12.83%. The business’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.16 EPS. research analysts expect that Guidewire Software Inc will post 0.06 earnings per share for the current year.

Large investors have recently made changes to their positions in the stock. ARK Investment Management LLC acquired a new position in Guidewire Software during the 4th quarter valued at about $118,000. American International Group Inc. acquired a new position in Guidewire Software during the 4th quarter valued at about $121,000. Whittier Trust Co. of Nevada Inc. increased its position in Guidewire Software by 46.9% during the 1st 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 acquired a new position in Guidewire Software during the 1st quarter valued at about $197,000. Finally, CIBC Asset Management Inc acquired a new position in Guidewire Software during the 1st quarter valued at about $207,000.

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. upped their target price on Guidewire Software to $100.00 and gave the stock an “overweight” rating in a report on Wednesday, June 6th. KeyCorp upped their target price on Guidewire Software from $91.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday, June 6th. Piper Jaffray Companies upped their target price on Guidewire Software to $100.00 and gave the stock an “overweight” rating in a report on Wednesday, June 6th. Stifel Nicolaus upped their target price on Guidewire Software from $88.00 to $93.00 and gave the stock a “hold” rating in a report on Wednesday, June 6th. Finally, DA Davidson upped their target price on Guidewire Software from $100.00 to $106.00 and gave the stock a “buy” rating in a report on Thursday, June 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target 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.

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

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