Guidewire Software (NYSE:GWRE) Reaches New 12-Month Low on Insider Selling

Guidewire Software, Inc. (NYSE:GWREGet Rating)’s share price reached a new 52-week low on Monday after an insider sold shares in the company. The company traded as low as $63.82 and last traded at $63.88, with a volume of 6979 shares trading hands. The stock had previously closed at $64.72.

Specifically, Director Andrew William Fraser Brown sold 4,000 shares of the company’s stock in a transaction on Thursday, June 23rd. The shares were sold at an average price of $74.14, for a total transaction of $296,560.00. Following the completion of the sale, the director now directly owns 2,524 shares of the company’s stock, valued at approximately $187,129.36. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Guidewire Software news, Director Andrew William Fraser Brown sold 4,000 shares of the company’s stock in a transaction dated Thursday, June 23rd. The shares were sold at an average price of $74.14, for a total value of $296,560.00. Following the completion of the transaction, the director now directly owns 2,524 shares of the company’s stock, valued at approximately $187,129.36. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider James Winston King sold 3,110 shares of the company’s stock in a transaction dated Monday, September 19th. The shares were sold at an average price of $62.82, for a total transaction of $195,370.20. Following the completion of the transaction, the insider now directly owns 43,907 shares of the company’s stock, valued at $2,758,237.74. The disclosure for this sale can be found here. In the last three months, insiders sold 45,202 shares of company stock valued at $2,884,870. Company insiders own 0.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on GWRE shares. JMP Securities decreased their price objective on shares of Guidewire Software from $110.00 to $95.00 and set a “market outperform” rating for the company in a research report on Wednesday, September 7th. Citigroup cut their target price on shares of Guidewire Software from $88.00 to $79.00 and set a “neutral” rating on the stock in a research note on Monday, September 12th. StockNews.com lowered shares of Guidewire Software from a “hold” rating to a “sell” rating in a research note on Saturday, June 18th. Robert W. Baird cut their target price on shares of Guidewire Software from $99.00 to $81.00 and set a “neutral” rating on the stock in a research note on Thursday, September 8th. Finally, Wells Fargo & Company cut their target price on shares of Guidewire Software from $75.00 to $65.00 and set an “underweight” rating on the stock in a research note on Wednesday, September 7th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $93.60.

Guidewire Software Trading Down 4.1 %

The stock has a market cap of $5.08 billion, a price-to-earnings ratio of -27.92 and a beta of 1.31. The firm’s 50 day moving average is $73.70 and its two-hundred day moving average is $79.83. The company has a quick ratio of 4.45, a current ratio of 4.45 and a debt-to-equity ratio of 0.24.

Guidewire Software (NYSE:GWREGet Rating) last released its quarterly earnings data on Tuesday, September 6th. The technology company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.04. The firm had revenue of $244.60 million for the quarter, compared to analyst estimates of $229.63 million. Guidewire Software had a negative net margin of 22.20% and a negative return on equity of 10.02%. Guidewire Software’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.06 earnings per share. Equities analysts anticipate that Guidewire Software, Inc. will post -1.59 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of GWRE. Psagot Value Holdings Ltd. Israel bought a new position in Guidewire Software in the 4th quarter worth about $28,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in Guidewire Software in the 1st quarter worth about $31,000. Benjamin Edwards Inc. grew its position in Guidewire Software by 9,075.0% in the 1st quarter. Benjamin Edwards Inc. now owns 367 shares of the technology company’s stock worth $35,000 after purchasing an additional 363 shares during the last quarter. Allworth Financial LP grew its position in Guidewire Software by 2,038.9% in the 1st quarter. Allworth Financial LP now owns 385 shares of the technology company’s stock worth $36,000 after purchasing an additional 367 shares during the last quarter. Finally, Fortitude Advisory Group L.L.C. grew its position in Guidewire Software by 94.4% in the 1st quarter. Fortitude Advisory Group L.L.C. now owns 414 shares of the technology company’s stock worth $38,000 after purchasing an additional 201 shares during the last quarter. Institutional investors own 99.36% of the company’s stock.

About Guidewire Software

(Get Rating)

Guidewire Software, Inc provides software products for property and casualty insurers worldwide. The company offers Guidewire InsuranceSuite comprising Guidewire PolicyCenter, BillingCenter, and ClaimCenter 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.

Further Reading

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