Guidewire Software, Inc. (NYSE:GWRE – Get Free Report) President John P. Mullen sold 1,350 shares of the business’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of $187.68, for a total transaction of $253,368.00. Following the completion of the transaction, the president now owns 190,611 shares in the company, valued at $35,773,872.48. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Guidewire Software Stock Up 0.6 %
GWRE opened at $188.05 on Friday. The company’s 50-day moving average price is $169.78 and its 200 day moving average price is $143.12. Guidewire Software, Inc. has a fifty-two week low of $85.15 and a fifty-two week high of $191.48. The firm has a market cap of $15.54 billion, a price-to-earnings ratio of -1,446.54 and a beta of 1.19.
Guidewire Software (NYSE:GWRE – Get Free Report) last announced its quarterly earnings results on Thursday, September 5th. The technology company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.08. Guidewire Software had a negative return on equity of 1.29% and a negative net margin of 0.62%. The business had revenue of $291.50 million for the quarter, compared to analysts’ expectations of $283.84 million. During the same period in the prior year, the firm earned $0.30 EPS. The business’s quarterly revenue was up 8.0% on a year-over-year basis. Research analysts anticipate that Guidewire Software, Inc. will post 0.53 earnings per share for the current year.
Analyst Upgrades and Downgrades
View Our Latest Report on Guidewire Software
Institutional Investors Weigh In On Guidewire Software
A number of hedge funds have recently added to or reduced their stakes in the stock. ORG Partners LLC bought a new position in shares of Guidewire Software during the first quarter worth about $29,000. Rothschild Investment LLC bought a new position in Guidewire Software in the 2nd quarter worth about $31,000. Lynx Investment Advisory acquired a new stake in shares of Guidewire Software in the second quarter valued at approximately $41,000. DT Investment Partners LLC bought a new stake in shares of Guidewire Software during the second quarter valued at approximately $41,000. Finally, Canada Pension Plan Investment Board bought a new stake in shares of Guidewire Software during the second quarter valued at approximately $55,000.
About Guidewire Software
Guidewire Software, Inc provides a platform for property and casualty (P&C) insurers worldwide. The company offers Guidewire InsuranceSuite Cloud, such as PolicyCenter Cloud, BillingCenter Cloud, and ClaimCenter Cloud 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.
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