Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) President John Mullen sold 5,400 shares of Guidewire Software stock in a transaction dated Tuesday, October 20th. The shares were sold at an average price of $185.00, for a total transaction of $999,000.00. Following the sale, the president owned 178,247 shares in the company, valued at approximately $32,975,695. This represents a 2.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Guidewire Software Stock Performance
GWRE stock opened at $184.08 on Wednesday. The company has a market capitalization of $15.33 billion, a P/E ratio of 112.93 and a beta of 1.02. The company has a 50-day simple moving average of $167.07 and a 200 day simple moving average of $148.06. Guidewire Software, Inc. has a fifty-two week low of $102.30 and a fifty-two week high of $255.89. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.57.
Guidewire Software (NYSE:GWRE - Get Free Report) last announced its earnings results on Thursday, September 3rd. The technology company reported $0.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.93 by $0.06. The firm had revenue of $411.09 million during the quarter, compared to analyst estimates of $402.61 million. Guidewire Software had a net margin of 9.44% and a return on equity of 12.66%. Guidewire Software's revenue was up 15.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.84 EPS. Sell-side analysts predict that Guidewire Software, Inc. will post 2.45 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the company. CX Institutional grew its holdings in Guidewire Software by 8.6% during the third quarter. CX Institutional now owns 863 shares of the technology company's stock worth $123,000 after acquiring an additional 68 shares during the period. Castleark Management LLC lifted its holdings in Guidewire Software by 1.6% in the 1st quarter. Castleark Management LLC now owns 5,180 shares of the technology company's stock valued at $775,000 after acquiring an additional 80 shares during the last quarter. Elevation Wealth Partners LLC lifted its holdings in Guidewire Software by 35.1% in the 2nd quarter. Elevation Wealth Partners LLC now owns 458 shares of the technology company's stock valued at $56,000 after acquiring an additional 119 shares during the last quarter. D.A. Davidson & CO. lifted its holdings in Guidewire Software by 3.0% in the 1st quarter. D.A. Davidson & CO. now owns 4,234 shares of the technology company's stock valued at $633,000 after acquiring an additional 124 shares during the last quarter. Finally, Angeles Wealth Management LLC boosted its position in shares of Guidewire Software by 5.1% during the 2nd quarter. Angeles Wealth Management LLC now owns 2,761 shares of the technology company's stock valued at $340,000 after purchasing an additional 135 shares in the last quarter.
Wall Street Analyst Weigh In
GWRE has been the subject of a number of research analyst reports. Piper Sandler reaffirmed an "overweight" rating and issued a $210.00 price target on shares of Guidewire Software in a research note on Friday, September 4th. Weiss Ratings reiterated a "hold (c)" rating on shares of Guidewire Software in a research note on Monday, August 31st. BTIG Research raised their price objective on shares of Guidewire Software from $175.00 to $230.00 and gave the company a "buy" rating in a research note on Wednesday, September 2nd. Wells Fargo & Company boosted their target price on Guidewire Software from $190.00 to $195.00 and gave the stock an "overweight" rating in a report on Friday, September 4th. Finally, Citigroup boosted their target price on Guidewire Software from $137.00 to $181.00 and gave the stock a "neutral" rating in a report on Friday, September 4th. Twelve research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $216.23.
Get Our Latest Analysis on Guidewire Software
About Guidewire Software
(
Get Free Report)
Guidewire Software, Inc provides cloud-based software designed for the property and casualty insurance industry. Its platform helps insurers manage core operations, including policy administration, billing, claims management, underwriting, and digital customer engagement.
The company's principal offerings include InsuranceSuite, which incorporates PolicyCenter, BillingCenter, and ClaimCenter, as well as products for insurance data management, analytics, digital experiences, and application development.
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