Guidewire Software, Inc. (GWRE) Director Craig Conway Sells 600 Shares of Stock

Guidewire Software, Inc. (NYSE:GWRE) Director Craig Conway sold 600 shares of the business’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $78.20, for a total transaction of $46,920.00. Following the transaction, the director now owns 9,447 shares in the company, valued at $738,755.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Tuesday, August 15th, Craig Conway sold 600 shares of Guidewire Software stock. The stock was sold at an average price of $70.33, for a total transaction of $42,198.00.
  • On Monday, July 17th, Craig Conway sold 600 shares of Guidewire Software stock. The stock was sold at an average price of $70.39, for a total transaction of $42,234.00.

Guidewire Software, Inc. (NYSE GWRE) traded down 0.56% during trading on Friday, reaching $77.64. 794,683 shares of the company’s stock traded hands. Guidewire Software, Inc. has a 1-year low of $49.18 and a 1-year high of $81.46. The firm has a market capitalization of $5.81 billion, a PE ratio of 277.29 and a beta of 1.24. The firm has a 50 day moving average of $73.33 and a 200 day moving average of $65.76.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings results on Wednesday, September 6th. The technology company reported $0.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.20. Guidewire Software had a net margin of 4.13% and a return on equity of 3.67%. The company had revenue of $181.10 million for the quarter, compared to analysts’ expectations of $168.61 million. During the same period last year, the company earned $0.22 EPS. The firm’s revenue for the quarter was up 28.3% compared to the same quarter last year. Equities analysts forecast that Guidewire Software, Inc. will post $1.03 EPS for the current year.

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Several institutional investors have recently added to or reduced their stakes in GWRE. BlackRock Inc. boosted its stake in shares of Guidewire Software by 33,371.0% during the 1st quarter. BlackRock Inc. now owns 3,071,300 shares of the technology company’s stock worth $173,006,000 after purchasing an additional 3,062,124 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Guidewire Software by 51.4% during the 1st quarter. Wellington Management Group LLP now owns 6,377,813 shares of the technology company’s stock worth $359,261,000 after purchasing an additional 2,165,143 shares during the last quarter. Janus Henderson Group PLC acquired a new stake in shares of Guidewire Software during the 2nd quarter worth about $113,628,000. Harbour Capital Advisors LLC acquired a new stake in shares of Guidewire Software during the 2nd quarter worth about $6,700,000. Finally, Champlain Investment Partners LLC boosted its stake in shares of Guidewire Software by 25.3% during the 1st quarter. Champlain Investment Partners LLC now owns 2,156,880 shares of the technology company’s stock worth $121,497,000 after purchasing an additional 435,600 shares during the last quarter.

A number of equities analysts recently weighed in on GWRE shares. Stifel Nicolaus boosted their price target on shares of Guidewire Software from $61.00 to $70.00 and gave the stock a “hold” rating in a research report on Friday, June 2nd. J P Morgan Chase & Co started coverage on shares of Guidewire Software in a research report on Tuesday, June 13th. They set an “overweight” rating on the stock. Zacks Investment Research upgraded shares of Guidewire Software from a “hold” rating to a “buy” rating and set a $78.00 price target on the stock in a research report on Wednesday, July 12th. BidaskClub upgraded shares of Guidewire Software from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 19th. Finally, Piper Jaffray Companies upgraded shares of Guidewire Software from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $70.00 to $75.00 in a research report on Tuesday, June 13th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and three have assigned a strong buy rating to the company. Guidewire Software currently has a consensus rating of “Buy” and an average target price of $78.89.

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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