Guidewire Software Inc (NYSE:GWRE) General Counsel James Winston King sold 561 shares of the business’s stock in a transaction that occurred on Thursday, October 13th. The stock was sold at an average price of $58.47, for a total transaction of $32,801.67. Following the completion of the transaction, the general counsel now owns 104 shares in the company, valued at approximately $6,080.88. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

James Winston King also recently made the following trade(s):

  • On Tuesday, September 20th, James Winston King sold 3,638 shares of Guidewire Software stock. The stock was sold at an average price of $58.43, for a total transaction of $212,568.34.
  • On Monday, September 19th, James Winston King sold 2,306 shares of Guidewire Software stock. The stock was sold at an average price of $59.53, for a total transaction of $137,276.18.
  • On Tuesday, September 13th, James Winston King sold 564 shares of Guidewire Software stock. The stock was sold at an average price of $61.45, for a total transaction of $34,657.80.
  • On Monday, August 15th, James Winston King sold 562 shares of Guidewire Software stock. The stock was sold at an average price of $62.05, for a total transaction of $34,872.10.

Shares of Guidewire Software Inc (NYSE:GWRE) opened at 57.87 on Tuesday. Guidewire Software Inc has a 1-year low of $42.32 and a 1-year high of $64.78. The company has a market cap of $4.23 billion and a price-to-earnings ratio of 289.35. The stock has a 50 day moving average of $60.39 and a 200 day moving average of $59.57.

Guidewire Software (NYSE:GWRE) last issued its earnings results on Wednesday, September 7th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.07. The firm earned $141.18 million during the quarter, compared to the consensus estimate of $136.09 million. During the same quarter in the prior year, the business posted $0.35 EPS. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. On average, equities analysts forecast that Guidewire Software Inc will post $0.76 EPS for the current year.

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

Several hedge funds and other institutional investors have recently modified their holdings of GWRE. Pacer Advisors Inc. purchased a new position in shares of Guidewire Software during the second quarter valued at about $124,000. Bank of Montreal Can purchased a new position in shares of Guidewire Software during the second quarter valued at about $159,000. Societe Generale purchased a new position in shares of Guidewire Software during the second quarter valued at about $200,000. Murphy Capital Management Inc. purchased a new position in shares of Guidewire Software during the second quarter valued at about $228,000. Finally, Calvert Investment Management Inc. purchased a new position in shares of Guidewire Software during the second quarter valued at about $235,000.

A number of research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Guidewire Software from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 8th. JPMorgan Chase & Co. boosted their target price on shares of Guidewire Software from $68.00 to $78.00 and gave the company an “overweight” rating in a research report on Thursday, September 8th. Deutsche Bank AG reiterated a “buy” rating on shares of Guidewire Software in a research report on Thursday, September 8th. JMP Securities reiterated a “hold” rating on shares of Guidewire Software in a research report on Thursday, September 8th. Finally, Goldman Sachs Group Inc. assumed coverage on shares of Guidewire Software in a research report on Tuesday, October 4th. They set a “neutral” rating and a $57.00 target price on the stock. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $69.38.

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. Its platform consists of three products: core transaction processing, data management and analytics, and digital engagement.

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