Insider Selling: Guidewire Software Inc (NYSE:GWRE) CEO Sells $969,828.52 in Stock

Guidewire Software Inc (NYSE:GWRE) CEO Marcus Ryu sold 9,748 shares of the company’s stock in a transaction on Wednesday, June 19th. The shares were sold at an average price of $99.49, for a total transaction of $969,828.52. Following the completion of the transaction, the chief executive officer now owns 12,351 shares of the company’s stock, valued at approximately $1,228,800.99. The sale was disclosed in a filing with the SEC, which is available at this link.

Marcus Ryu also recently made the following trade(s):

  • On Friday, June 7th, Marcus Ryu sold 20,000 shares of Guidewire Software stock. The shares were sold at an average price of $96.54, for a total transaction of $1,930,800.00.
  • On Wednesday, May 1st, Marcus Ryu sold 20,000 shares of Guidewire Software stock. The shares were sold at an average price of $105.46, for a total transaction of $2,109,200.00.
  • On Monday, April 1st, Marcus Ryu sold 18,429 shares of Guidewire Software stock. The shares were sold at an average price of $97.82, for a total transaction of $1,802,724.78.

Shares of NYSE:GWRE opened at $100.75 on Monday. The firm has a market cap of $8.24 billion, a P/E ratio of 1,119.44, a price-to-earnings-growth ratio of 22.29 and a beta of 1.27. The company has a quick ratio of 6.38, a current ratio of 6.38 and a debt-to-equity ratio of 0.21. Guidewire Software Inc has a 1-year low of $73.82 and a 1-year high of $109.06.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings results on Tuesday, June 4th. The technology company reported $0.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.10. The firm had revenue of $162.90 million during the quarter, compared to analysts’ expectations of $155.23 million. Guidewire Software had a net margin of 10.66% and a return on equity of 4.76%. Guidewire Software’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.05 EPS. As a group, research analysts expect that Guidewire Software Inc will post 0.48 earnings per share for the current fiscal year.

Large investors have recently modified their holdings of the stock. Bremer Bank National Association acquired a new stake in shares of Guidewire Software in the 1st quarter worth $29,000. Captrust Financial Advisors acquired a new stake in shares of Guidewire Software in the 4th quarter worth $41,000. Rehmann Capital Advisory Group lifted its stake in shares of Guidewire Software by 62.7% in the 4th quarter. Rehmann Capital Advisory Group now owns 581 shares of the technology company’s stock worth $47,000 after acquiring an additional 224 shares during the period. Manchester Capital Management LLC acquired a new stake in shares of Guidewire Software in the 1st quarter worth $49,000. Finally, Icon Wealth Partners LLC acquired a new stake in shares of Guidewire Software in the 1st quarter worth $51,000.

Several research analysts have recently issued reports on GWRE shares. Piper Jaffray Companies cut shares of Guidewire Software from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $95.00 to $90.00 in a report on Monday, March 4th. ValuEngine cut shares of Guidewire Software from a “buy” rating to a “hold” rating in a report on Thursday, June 6th. Finally, Zacks Investment Research cut shares of Guidewire Software from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 7th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $107.40.

About Guidewire Software

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, which offers policy, billing, and claims management functionality to insurers that prefer to subscribe to a cloud-based solution.

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

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