Guidewire Software Inc (GWRE) Insider Michael Polelle Sells 208 Shares
Guidewire Software Inc (NYSE:GWRE) insider Michael Polelle sold 208 shares of the stock in a transaction dated Friday, October 14th. The stock was sold at an average price of $58.50, for a total transaction of $12,168.00. Following the completion of the transaction, the insider now owns 208 shares of the company’s stock, valued at $12,168. The sale was disclosed in a document filed with the SEC, which is available through this link.
Michael Polelle also recently made the following trade(s):
- On Wednesday, September 14th, Michael Polelle sold 209 shares of Guidewire Software stock. The stock was sold at an average price of $61.01, for a total transaction of $12,751.09.
Shares of Guidewire Software Inc (NYSE:GWRE) opened at 58.25 on Wednesday. The stock’s 50 day moving average is $60.25 and its 200-day moving average is $59.59. The stock has a market cap of $4.26 billion and a P/E ratio of 291.25. Guidewire Software Inc has a one year low of $42.32 and a one year high of $64.78.
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, beating the Zacks’ consensus estimate of $0.32 by $0.07. The company had revenue of $141.18 million for the quarter, compared to analysts’ expectations of $136.09 million. The firm’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.35 earnings per share. On average, equities analysts forecast that Guidewire Software Inc will post $0.76 EPS for the current year.
GWRE has been the subject of several research reports. Goldman Sachs Group Inc. initiated coverage on shares of Guidewire Software in a research note on Tuesday, October 4th. They issued a “neutral” rating and a $57.00 price target for the company. They noted that the move was a valuation call. Deutsche Bank AG reiterated a “buy” rating on shares of Guidewire Software in a research note on Monday, August 1st. JPMorgan Chase & Co. increased their price target on shares of Guidewire Software from $68.00 to $78.00 and gave the stock an “overweight” rating in a research note on Thursday, September 8th. Zacks Investment Research upgraded shares of Guidewire Software from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a research note on Monday, July 11th. Finally, Bank of America Corp. downgraded shares of Guidewire Software from a “neutral” rating to an “underperform” rating and set a $60.00 price objective on the stock. in a research report on Friday, September 16th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. Guidewire Software presently has an average rating of “Hold” and a consensus target price of $69.38.
Hedge funds have recently modified their holdings of the stock. Pacer Advisors Inc. purchased a new stake in Guidewire Software during the second quarter valued at $124,000. Bank of Montreal Can purchased a new stake in Guidewire Software during the second quarter valued at $159,000. Societe Generale purchased a new stake in Guidewire Software during the second quarter valued at $200,000. Murphy Capital Management Inc. purchased a new stake in Guidewire Software during the second quarter valued at $228,000. Finally, Calvert Investment Management Inc. purchased a new stake in Guidewire Software during the second quarter valued at $235,000.
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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