Guidewire Software, Inc. (NYSE:GWRE – Get Rating) COO Priscilla Hung sold 9,547 shares of the firm’s stock in a transaction on Wednesday, January 18th. The stock was sold at an average price of $70.00, for a total value of $668,290.00. Following the sale, the chief operating officer now directly owns 57,915 shares of the company’s stock, valued at $4,054,050. The transaction was disclosed in a document filed with the SEC, which can be accessed via this link.
Priscilla Hung also recently made the following trade(s):
- On Monday, December 19th, Priscilla Hung sold 2,979 shares of Guidewire Software stock. The stock was sold at an average price of $61.40, for a total value of $182,910.60.
Guidewire Software Price Performance
Shares of GWRE stock opened at $69.98 on Friday. Guidewire Software, Inc. has a 12-month low of $52.08 and a 12-month high of $103.11. The firm has a market capitalization of $5.73 billion, a price-to-earnings ratio of -29.40 and a beta of 1.20. The company has a quick ratio of 3.73, a current ratio of 3.73 and a debt-to-equity ratio of 0.33. The firm has a fifty day moving average of $62.20 and a 200-day moving average of $65.73.
Guidewire Software (NYSE:GWRE – Get Rating) last announced its earnings results on Tuesday, December 6th. The technology company reported earnings per share for the quarter, topping analysts’ consensus estimates of ($0.67) by $0.13. The firm had revenue of $195.28 million during the quarter, compared to analyst estimates of $190.49 million. Guidewire Software had a negative net margin of 23.57% and a negative return on equity of 10.64%. On average, equity research analysts forecast that Guidewire Software, Inc. will post -1.51 earnings per share for the current year.
Hedge Funds Weigh In On Guidewire Software
A number of large investors have recently modified their holdings of GWRE. Goodman Advisory Group LLC raised its holdings in shares of Guidewire Software by 401.0% in the 4th quarter. Goodman Advisory Group LLC now owns 72,703 shares of the technology company’s stock valued at $4,548,000 after purchasing an additional 58,191 shares during the period. Harbor Capital Advisors Inc. raised its holdings in Guidewire Software by 16.8% in the 4th quarter. Harbor Capital Advisors Inc. now owns 1,324 shares of the technology company’s stock valued at $83,000 after acquiring an additional 190 shares during the period. Maryland State Retirement & Pension System bought a new position in shares of Guidewire Software during the fourth quarter worth approximately $401,000. Diversified Trust Co bought a new position in shares of Guidewire Software during the fourth quarter worth approximately $255,000. Finally, Financial Consulate Inc. increased its holdings in shares of Guidewire Software by 33.3% during the fourth quarter. Financial Consulate Inc. now owns 5,390 shares of the technology company’s stock worth $337,000 after purchasing an additional 1,346 shares during the period.
Analyst Ratings Changes
GWRE has been the subject of several research reports. JPMorgan Chase & Co. began coverage on Guidewire Software in a research note on Thursday, December 1st. They set an “overweight” rating and a $78.00 price objective for the company. Wells Fargo & Company cut their target price on Guidewire Software from $60.00 to $55.00 and set an “underweight” rating on the stock in a report on Wednesday, December 7th. DA Davidson dropped their price objective on Guidewire Software from $96.00 to $90.00 in a research note on Thursday, December 1st. Robert W. Baird decreased their target price on Guidewire Software to $75.00 in a research report on Monday, December 12th. Finally, Citigroup decreased their price objective on Guidewire Software from $79.00 to $67.00 in a report on Wednesday, December 7th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $82.00.
About Guidewire Software
Guidewire Software, Inc provides software products for property and casualty (P&C) insurers worldwide. The company offers Guidewire InsuranceSuite Cloud consisting of PolicyCenter Cloud, BillingCenter Cloud, and ClaimCenter Cloud applications. It also provides Guidewire InsuranceNow, a cloud-based platform that offers policy, billing, and claims management functionality to insurers; and Guidewire InsuranceSuite for Self-Managed.
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