David Franklin Peterson Sells 2,500 Shares of Guidewire Software (NYSE:GWRE) Stock

Guidewire Software, Inc. (NYSE:GWREGet Free Report) CAO David Franklin Peterson sold 2,500 shares of Guidewire Software stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $200.00, for a total transaction of $500,000.00. Following the sale, the chief accounting officer owned 9,787 shares in the company, valued at $1,957,400. This represents a 20.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

David Franklin Peterson also recently made the following trade(s):

  • On Tuesday, June 16th, David Franklin Peterson sold 246 shares of Guidewire Software stock. The stock was sold at an average price of $118.74, for a total transaction of $29,210.04.

Guidewire Software Stock Up 5.1%

Shares of GWRE stock traded up $9.74 on Thursday, hitting $200.81. The stock had a trading volume of 1,091,469 shares, compared to its average volume of 1,568,257. The firm has a market capitalization of $16.72 billion, a price-to-earnings ratio of 108.55 and a beta of 0.92. The stock’s 50 day moving average is $149.06 and its 200-day moving average is $143.19. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.44 and a current ratio of 2.44. Guidewire Software, Inc. has a 52-week low of $102.30 and a 52-week high of $272.60.

Guidewire Software (NYSE:GWREGet Free Report) last released its quarterly earnings results on Thursday, June 4th. The technology company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.08. Guidewire Software had a net margin of 11.25% and a return on equity of 12.62%. The firm had revenue of $372.54 million for the quarter, compared to the consensus estimate of $355.92 million. During the same quarter in the previous year, the firm posted $0.88 EPS. The firm’s quarterly revenue was up 26.9% on a year-over-year basis. As a group, research analysts expect that Guidewire Software, Inc. will post 1.83 earnings per share for the current year.

Institutional Investors Weigh In On Guidewire Software

Institutional investors have recently modified their holdings of the stock. Advisors Asset Management Inc. bought a new stake in Guidewire Software in the first quarter valued at about $25,000. Fiduciary Financial Advisors bought a new position in Guidewire Software during the 2nd quarter worth approximately $29,000. Measured Wealth Private Client Group LLC bought a new position in Guidewire Software during the 3rd quarter worth approximately $29,000. Silvant Capital Management LLC acquired a new position in shares of Guidewire Software in the 2nd quarter worth approximately $33,000. Finally, Leonteq Securities AG acquired a new position in shares of Guidewire Software in the 1st quarter worth approximately $36,000.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Stifel Nicolaus cut their price target on Guidewire Software from $225.00 to $200.00 and set a “buy” rating on the stock in a research note on Friday, June 5th. Guggenheim lifted their price objective on Guidewire Software from $180.00 to $210.00 and gave the stock a “buy” rating in a report on Thursday. DA Davidson dropped their price objective on Guidewire Software from $246.00 to $222.00 and set a “buy” rating on the stock in a report on Monday, June 8th. Oppenheimer upped their target price on Guidewire Software from $180.00 to $200.00 and gave the company an “outperform” rating in a research report on Monday, August 17th. Finally, Wells Fargo & Company reduced their target price on Guidewire Software from $210.00 to $190.00 and set an “overweight” rating for the company in a research note on Friday, June 5th. Thirteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Guidewire Software currently has an average rating of “Moderate Buy” and a consensus price target of $223.79.

View Our Latest Stock Report on GWRE

Guidewire Software Company Profile

(Get Free Report)

Guidewire Software, Inc develops software products and cloud services for property and casualty (P&C) insurance carriers. Headquartered in San Mateo, California, the company’s offerings are designed to help insurers manage the core functions of their business—policy administration, billing and claims—while supporting digital engagement, analytics and operational modernization.

Guidewire’s core product portfolio is commonly known as the InsuranceSuite, which includes PolicyCenter for policy administration, BillingCenter for billing and receivables, and ClaimCenter for claims management.

See Also

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

Receive News & Ratings for Guidewire Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Guidewire Software and related companies with MarketBeat.com's FREE daily email newsletter.