Marcus Ryu Sells 25,000 Shares of Guidewire Software, Inc. (GWRE) Stock

Guidewire Software, Inc. (NYSE:GWRE) CEO Marcus Ryu sold 25,000 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $72.34, for a total value of $1,808,500.00. Following the completion of the sale, the chief executive officer now directly owns 164,139 shares in the company, valued at approximately $11,873,815.26. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

  • On Friday, July 14th, Marcus Ryu sold 10,341 shares of Guidewire Software stock. The shares were sold at an average price of $69.65, for a total value of $720,250.65.
  • On Wednesday, July 5th, Marcus Ryu sold 10,342 shares of Guidewire Software stock. The shares were sold at an average price of $68.91, for a total value of $712,667.22.
  • On Monday, June 19th, Marcus Ryu sold 8,290 shares of Guidewire Software stock. The shares were sold at an average price of $67.19, for a total value of $557,005.10.
  • On Thursday, June 1st, Marcus Ryu sold 20,000 shares of Guidewire Software stock. The shares were sold at an average price of $66.86, for a total value of $1,337,200.00.

Guidewire Software, Inc. (NYSE:GWRE) traded down 0.42% during trading on Friday, hitting $70.59. The stock had a trading volume of 389,597 shares. The firm’s 50-day moving average price is $70.61 and its 200-day moving average price is $62.91. Guidewire Software, Inc. has a 1-year low of $49.18 and a 1-year high of $73.36. The stock has a market cap of $5.25 billion, a PE ratio of 515.26 and a beta of 1.27.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings data on Thursday, June 1st. The technology company reported $0.16 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.19. Guidewire Software had a net margin of 2.19% and a return on equity of 1.97%. The company had revenue of $123.44 million for the quarter, compared to analyst estimates of $104.55 million. During the same period in the previous year, the business earned $0.14 EPS. Guidewire Software’s revenue for the quarter was up 24.9% compared to the same quarter last year. On average, equities research analysts predict that Guidewire Software, Inc. will post $0.85 earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently made changes to their positions in GWRE. Dimensional Fund Advisors LP raised its position in shares of Guidewire Software by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 207,611 shares of the technology company’s stock worth $10,242,000 after buying an additional 1,837 shares during the period. Norges Bank bought a new position in shares of Guidewire Software during the fourth quarter worth approximately $22,761,000. Quadrature Capital Ltd bought a new position in shares of Guidewire Software during the fourth quarter worth approximately $905,000. Teachers Advisors LLC raised its position in shares of Guidewire Software by 2.4% in the fourth quarter. Teachers Advisors LLC now owns 241,922 shares of the technology company’s stock worth $11,934,000 after buying an additional 5,574 shares during the period. Finally, Bank of Montreal Can raised its position in shares of Guidewire Software by 1,389.7% in the first quarter. Bank of Montreal Can now owns 58,618 shares of the technology company’s stock worth $3,302,000 after buying an additional 54,683 shares during the last quarter.

Several analysts have recently commented on GWRE shares. UBS AG raised their price target on Guidewire Software from $72.00 to $77.00 and gave the company a “buy” rating in a report on Friday, June 2nd. BidaskClub raised Guidewire Software from a “buy” rating to a “strong-buy” rating in a report on Saturday. ValuEngine raised Guidewire Software from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. TheStreet cut Guidewire Software from a “b-” rating to a “c+” rating in a report on Monday, August 14th. Finally, Zacks Investment Research cut Guidewire Software from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Five research analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $75.25.

About Guidewire Software

Guidewire Software, Inc is a provider of software products for property and casualty (P&C) insurers. The Company’s software serves as a technology platform for P&C insurance carriers. The Company’s InsurancePlatform consists of three elements: core transaction processing, data management and analytics, and digital engagement.

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

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