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 stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $66.56, for a total transaction of $39,936.00. Following the sale, the director now directly owns 10,347 shares of the company’s stock, valued at $688,696.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Monday, May 15th, Craig Conway sold 600 shares of Guidewire Software stock. The shares were sold at an average price of $61.78, for a total transaction of $37,068.00.
  • On Monday, April 17th, Craig Conway sold 600 shares of Guidewire Software stock. The shares were sold at an average price of $58.43, for a total transaction of $35,058.00.

Shares of Guidewire Software Inc (NYSE GWRE) traded down 0.22% during midday trading on Friday, hitting $67.24. 387,243 shares of the company traded hands. The stock’s 50-day moving average is $64.51 and its 200 day moving average is $57.41. The stock has a market capitalization of $5.00 billion and a P/E ratio of 490.80. Guidewire Software Inc has a 12-month low of $49.18 and a 12-month high of $70.30.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings data on Thursday, June 1st. The technology company reported $0.16 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.19. The firm had revenue of $123.44 million for the quarter, compared to the consensus estimate of $104.55 million. During the same period in the previous year, the business earned $0.14 EPS. The firm’s revenue was up 24.9% compared to the same quarter last year. On average, analysts expect that Guidewire Software Inc will post $0.85 earnings per share for the current year.

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

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its position in Guidewire Software by 424.4% in the first quarter. Tower Research Capital LLC TRC now owns 2,601 shares of the technology company’s stock valued at $146,000 after buying an additional 2,105 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Guidewire Software by 49.9% in the first quarter. Goldman Sachs Group Inc. now owns 988,047 shares of the technology company’s stock worth $55,656,000 after buying an additional 329,005 shares during the last quarter. State Street Corp raised its position in shares of Guidewire Software by 3.3% in the first quarter. State Street Corp now owns 950,535 shares of the technology company’s stock worth $53,547,000 after buying an additional 29,980 shares during the last quarter. Bank of America Corp DE raised its position in shares of Guidewire Software by 1.8% in the first quarter. Bank of America Corp DE now owns 228,259 shares of the technology company’s stock worth $12,857,000 after buying an additional 4,078 shares during the last quarter. Finally, PEAK6 Investments L.P. bought a new position in shares of Guidewire Software during the first quarter worth $277,000.

GWRE has been the subject of several recent research reports. TheStreet raised shares of Guidewire Software from a “c+” rating to a “b-” rating in a research note on Tuesday, April 25th. Goldman Sachs Group, Inc. (The) upgraded shares of Guidewire Software from a “neutral” rating to a “conviction-buy” rating and upped their price target for the company from $59.00 to $70.00 in a research report on Tuesday, April 4th. Zacks Investment Research downgraded shares of Guidewire Software from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 9th. ValuEngine upgraded shares of Guidewire Software from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Stifel Nicolaus upped their price target on shares of Guidewire Software from $61.00 to $70.00 and gave the company a “hold” rating in a research report on Friday, June 2nd. Five analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $73.29.

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.

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