Insider Selling: Guidewire Software Inc (GWRE) CFO Sells $28,798.00 in Stock

Guidewire Software Inc (NYSE:GWRE) CFO Richard Hart sold 374 shares of the stock in a transaction on Friday, January 5th. The stock was sold at an average price of $77.00, for a total transaction of $28,798.00. Following the sale, the chief financial officer now directly owns 3,879 shares in the company, valued at $298,683. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Richard Hart also recently made the following trade(s):

  • On Wednesday, December 20th, Richard Hart sold 7,566 shares of Guidewire Software stock. The stock was sold at an average price of $73.00, for a total transaction of $552,318.00.
  • On Monday, December 11th, Richard Hart sold 1,114 shares of Guidewire Software stock. The stock was sold at an average price of $72.80, for a total transaction of $81,099.20.

Guidewire Software Inc (NYSE:GWRE) opened at $77.04 on Monday. The company has a market cap of $5,805.90, a PE ratio of 285.33, a PEG ratio of 87.43 and a beta of 1.17. Guidewire Software Inc has a 12-month low of $50.63 and a 12-month high of $83.52.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings results on Wednesday, November 29th. The technology company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.10). The firm had revenue of $108.20 million for the quarter, compared to the consensus estimate 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 was up 15.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.02 EPS. sell-side analysts forecast that Guidewire Software Inc will post 0.06 earnings per share for the current fiscal year.

GWRE has been the topic of a number of research reports. Zacks Investment Research cut shares of Guidewire Software from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. Citigroup set a $85.00 price target on shares of Guidewire Software and gave the stock a “buy” rating in a research report on Thursday, November 30th. TheStreet lowered shares of Guidewire Software from a “b” rating to a “c+” rating in a research report on Wednesday, November 29th. Finally, Deutsche Bank restated a “buy” rating and set a $85.00 price target on shares of Guidewire Software in a research report on Thursday, November 30th. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $80.11.

Institutional investors have recently added to or reduced their stakes in the company. D.A. Davidson & CO. grew its position in Guidewire Software by 2,270.8% in the 2nd 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 grew its position in Guidewire Software by 7.3% in the 2nd 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 grew its position in Guidewire Software by 64.2% in the 3rd 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 bought a new position in Guidewire Software in the 3rd quarter valued at about $161,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Guidewire Software by 12.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,536 shares of the technology company’s stock valued at $174,000 after buying an additional 283 shares in the last quarter.

COPYRIGHT VIOLATION NOTICE: This news story was first published by Equities Focus and is the property of of Equities Focus. If you are reading this news story on another website, it was illegally stolen and reposted in violation of United States & international trademark and copyright law. The legal version of this news story can be viewed at https://www.equitiesfocus.com/2018/01/08/insider-selling-guidewire-software-inc-gwre-cfo-sells-28798-00-in-stock.html.

About Guidewire Software

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)

Receive News & Ratings for Guidewire Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Guidewire Software and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply