Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) insider James Winston King sold 1,051 shares of the business's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $189.41, for a total value of $199,069.91. Following the completion of the sale, the insider now directly owns 44,613 shares of the company's stock, valued at $8,450,148.33. The trade was a 2.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
James Winston King also recently made the following trade(s):
- On Wednesday, January 15th, James Winston King sold 270 shares of Guidewire Software stock. The shares were sold at an average price of $174.78, for a total value of $47,190.60.
- On Thursday, December 19th, James Winston King sold 794 shares of Guidewire Software stock. The stock was sold at an average price of $174.43, for a total transaction of $138,497.42.
Guidewire Software Price Performance
Shares of GWRE stock opened at $196.55 on Thursday. The stock's fifty day moving average is $196.62 and its 200-day moving average is $186.78. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66. The stock has a market capitalization of $16.49 billion, a PE ratio of 545.96, a PEG ratio of 37.21 and a beta of 1.31. Guidewire Software, Inc. has a 52 week low of $107.00 and a 52 week high of $219.59.
Guidewire Software (NYSE:GWRE - Get Free Report) last issued its quarterly earnings results on Thursday, March 6th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.44). Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. The firm had revenue of $289.48 million for the quarter, compared to analyst estimates of $285.74 million. Equities research analysts expect that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.
Hedge Funds Weigh In On Guidewire Software
Several hedge funds have recently added to or reduced their stakes in GWRE. Versant Capital Management Inc acquired a new position in Guidewire Software in the fourth quarter valued at about $25,000. Ossiam bought a new stake in shares of Guidewire Software in the fourth quarter worth about $29,000. Assetmark Inc. increased its holdings in shares of Guidewire Software by 537.0% in the third quarter. Assetmark Inc. now owns 172 shares of the technology company's stock worth $31,000 after acquiring an additional 145 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of Guidewire Software in the third quarter worth about $33,000. Finally, Cullen Frost Bankers Inc. bought a new stake in shares of Guidewire Software in the fourth quarter worth about $34,000.
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on GWRE. Oppenheimer lifted their price target on shares of Guidewire Software from $220.00 to $230.00 and gave the company an "outperform" rating in a research report on Friday, December 6th. DA Davidson reiterated a "buy" rating and set a $210.00 price objective on shares of Guidewire Software in a report on Wednesday, December 4th. Needham & Company LLC reiterated a "hold" rating on shares of Guidewire Software in a report on Friday, March 7th. Wells Fargo & Company increased their price objective on shares of Guidewire Software from $215.00 to $220.00 and gave the stock an "overweight" rating in a report on Friday, December 6th. Finally, Robert W. Baird increased their price objective on shares of Guidewire Software from $230.00 to $236.00 and gave the stock an "outperform" rating in a report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, Guidewire Software presently has a consensus rating of "Moderate Buy" and an average price target of $206.08.
Read Our Latest Analysis on GWRE
About Guidewire Software
(
Get Free Report)
Guidewire Software, Inc provides a platform for property and casualty (P&C) insurers worldwide. The company offers Guidewire InsuranceSuite Cloud, such as 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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to contact@insidertrades.com.
