Guidewire Software Inc (NYSE:GWRE) insider Michael Polelle sold 208 shares of the business’s stock in a transaction on Monday, November 14th. The shares were sold at an average price of $59.13, for a total value of $12,299.04. Following the completion of the transaction, the insider now owns 208 shares of the company’s stock, valued at $12,299.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Michael Polelle also recently made the following trade(s):

  • On Friday, October 14th, Michael Polelle sold 208 shares of Guidewire Software stock. The shares were sold at an average price of $58.50, for a total value of $12,168.00.
  • On Wednesday, September 14th, Michael Polelle sold 209 shares of Guidewire Software stock. The shares were sold at an average price of $61.01, for a total value of $12,751.09.

Shares of Guidewire Software Inc (NYSE:GWRE) traded up 0.78% during midday trading on Thursday, hitting $56.72. 45,412 shares of the stock were exchanged. The firm has a market cap of $4.14 billion and a P/E ratio of 283.60. Guidewire Software Inc has a 12-month low of $42.32 and a 12-month high of $64.78. The stock’s 50 day moving average is $58.30 and its 200 day moving average is $59.88.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings results on Wednesday, September 7th. The company reported $0.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.07. The business had revenue of $141.18 million for the quarter, compared to analyst estimates of $136.09 million. During the same quarter last year, the company earned $0.35 EPS. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. On average, equities research analysts forecast that Guidewire Software Inc will post $0.76 earnings per share for the current fiscal year.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. Brown Capital Management LLC raised its position in Guidewire Software by 15.7% in the second quarter. Brown Capital Management LLC now owns 2,505,767 shares of the company’s stock worth $154,756,000 after buying an additional 340,121 shares during the last quarter. Fiera Capital Corp purchased a new position in Guidewire Software during the second quarter worth about $19,645,000. Artisan Partners Limited Partnership raised its position in Guidewire Software by 5.5% in the second quarter. Artisan Partners Limited Partnership now owns 5,099,484 shares of the company’s stock worth $314,944,000 after buying an additional 267,520 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD purchased a new position in Guidewire Software during the third quarter worth about $14,545,000. Finally, Geneva Advisors LLC raised its position in Guidewire Software by 177.6% in the third quarter. Geneva Advisors LLC now owns 322,214 shares of the company’s stock worth $19,326,000 after buying an additional 206,144 shares during the last quarter.

A number of brokerages recently weighed in on GWRE. Zacks Investment Research raised shares of Guidewire Software from a “sell” rating to a “hold” rating in a research report on Thursday, November 3rd. JMP Securities reaffirmed a “hold” rating on shares of Guidewire Software in a research report on Thursday, September 8th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Guidewire Software in a research report on Thursday, September 8th. TheStreet raised shares of Guidewire Software from a “hold” rating to a “buy” rating in a research report on Wednesday, September 7th. Finally, Bank of America Corp. cut shares of Guidewire Software from a “neutral” rating to an “underperform” rating and set a $60.00 price target for the company. in a research report on Friday, September 16th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company’s stock. Guidewire Software presently has a consensus rating of “Buy” and an average price target of $69.38.

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

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