As reported by Marketbeat, Guidewire Software, Inc. (NYSE:GWRE – Get Free Report ) has received a consensus recommendation of Moderate Buy from the 13 rating firms covering the stock. 1 analyst has rated the stock with a Sell recommendation, 1 with a Hold recommendation, and 11 with a Buy recommendation. The average 1-year target price of analysts who have rated the stock in the past year is $137.31.
Several equities analysts have recently commented on GWRE stock. The Goldman Sachs Group increased their price target on Guidewire Software from $146.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. Bank of America increased their price target on Guidewire Software from $80.00 to $95.00 and gave the stock an “underperform” rating in a research report on Wednesday, June 5th. Citigroup increased their price target on Guidewire Software from $109.00 to $122.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 4th. Oppenheimer increased their price target on Guidewire Software from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 5th. Finally, Wells Fargo & Company increased their price objective on Guidewire Software from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Friday, June 21st.
Read the latest Guidewire Software research report
Insider trading
In other Guidewire Software news, CEO Michael George Rosenbaum sold 5,582 shares of the company’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $134.54, for a total value of $751,002.28. With this transaction, the CEO now directly owns 239,793 shares of the company’s stock, valued at approximately $32,261,750.22. The sale was disclosed in a legal filing with the Securities and Exchange Commission, which is available at this hyperlink. In other news, CEO Michael George Rosenbaum sold 5,582 shares of the company’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $134.54, for a total value of $751,002.28. Following the transaction, the CEO now directly owns 239,793 shares of the company’s stock, valued at $32,261,750.22. The transaction was disclosed in a legal filing with the SEC, which is available on the SEC’s website. Additionally, insider John P. Mullen sold 1,350 shares of the company’s stock in a transaction that took place on Monday, May 20th. The shares were sold at an average price of $123.16, for a total transaction value of $166,266.00. Following the completion of the sale, the insider now owns 146,697 shares of the company’s stock, valued at $18,067,202.52. The disclosure for this sale can be found here. Insiders have sold 13,064 shares of the company’s stock in the last 90 days, valued at $1,747,850. 0.38% of the stock is owned by insiders in the company.
Institutional investor inflows and outflows
A number of hedge funds and other institutional investors recently modified their holdings of the stock. ORG Partners LLC purchased a new stake in Guidewire Software worth $29,000 in the first quarter. Transcendent Capital Group LLC purchased a new stake in Guidewire Software worth $27,000 in the fourth quarter. DT Investment Partners LLC purchased a new stake in Guidewire Software worth $41,000 in the second quarter. Lynx Investment Advisory purchased a new stake in Guidewire Software worth $41,000 in the second quarter. Finally, Lindbrook Capital LLC increased its holdings in Guidewire Software by 45.7% in the fourth quarter. Lindbrook Capital LLC now owns 421 shares of the technology company’s stock, valued at $46,000, after purchasing an additional 132 shares in the last quarter.
Guidewire Software Price Performance
Guidewire Software shares opened trading at $148.01 on Monday. Guidewire Software’s one-year low is $78.05 and its one-year high is $148.36. The company has a market cap of $12.23 billion, a price-to-earnings ratio of -1,138.45 and a beta of 1.19. The company’s 50-day simple moving average is $133.20 and its 200-day simple moving average is $121.36.
Guidewire Software (NYSE:GWRE – Get free report ) last released its quarterly earnings data on Tuesday, June 4th. The technology company reported quarterly EPS of ($0.09), beating analysts’ consensus estimates of ($0.23) by $0.14. The company’s revenue for the quarter was $240.68 million, compared to analyst expectations of $231.46 million. Guidewire Software’s ROE was -1.19%, and net margin was -1.11%. On average, sell-side analysts expect Guidewire Software to post -0.31 EPS for the current fiscal year.
About Guidewire Software
(Get your free report
Guidewire Software, Inc. provides a platform to property and casualty insurance companies worldwide. The company offers Guidewire InsuranceSuite Cloud, which includes PolicyCenter Cloud, BillingCenter Cloud and ClaimCenter Cloud applications, Guidewire InsuranceNow, a cloud-based platform that provides insurers with policy, billing and claims management capabilities, and Guidewire InsuranceSuite for Self-Managed.
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