David Franklin Peterson Sells 1,905 Shares of Guidewire Software (NYSE:GWRE) Stock

Key Points

• Guidewire CAO David Peterson sold 1,905 shares at an average price of $144.47, totaling $275,215.35. The sale, made under a Rule 10b5-1 plan to cover tax obligations from vested equity awards, reduced his direct holdings by 13.47% to 12,233 shares.
• Guidewire reported quarterly EPS of $0.99 and revenue of $411.09 million, exceeding analyst expectations, while revenue increased 15.3% year over year.
• Analysts maintain a “Moderate Buy” consensus, with 12 Buy ratings and four Holds and an average price target of $216.23; the stock recently traded at $149.39.

Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) CAO David Peterson sold 1,905 shares of Guidewire Software stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $144.47, for a total transaction of $275,215.35. Following the completion of the sale, the chief accounting officer directly owned 12,233 shares in the company, valued at approximately $1,767,301.51. The trade was a 13.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Thursday, August 27th, David Peterson sold 2,500 shares of Guidewire Software stock. The stock was sold at an average price of $200.00, for a total transaction of $500,000.00.

Guidewire Software Stock Performance

NYSE:GWRE traded up $5.10 during mid-day trading on Monday, reaching $149.39. The stock had a trading volume of 990,880 shares, compared to its average volume of 1,595,100. Guidewire Software, Inc. has a twelve month low of $102.30 and a twelve month high of $255.89. The business has a 50 day simple moving average of $164.08 and a 200 day simple moving average of $147.50. The firm has a market capitalization of $12.44 billion, a price-to-earnings ratio of 91.65 and a beta of 0.97. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.79 and a current ratio of 1.79.

Guidewire Software (NYSE:GWRE - Get Free Report) last issued its earnings results on Thursday, September 3rd. The technology company reported $0.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.93 by $0.06. The business had revenue of $411.09 million during the quarter, compared to the consensus estimate of $402.61 million. Guidewire Software had a return on equity of 12.66% and a net margin of 9.44%.The company's revenue for the quarter was up 15.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.84 EPS. On average, analysts expect that Guidewire Software, Inc. will post 2.46 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Guidewire Software

Several hedge funds have recently bought and sold shares of GWRE. Fiduciary Financial Advisors acquired a new position in Guidewire Software during the second quarter worth $29,000. Silvant Capital Management LLC acquired a new stake in Guidewire Software in the second quarter valued at $33,000. Leonteq Securities AG purchased a new position in shares of Guidewire Software in the first quarter valued at $36,000. Bogart Wealth LLC increased its position in shares of Guidewire Software by 127.8% in the first quarter. Bogart Wealth LLC now owns 246 shares of the technology company's stock valued at $37,000 after buying an additional 138 shares in the last quarter. Finally, Rakuten Securities Inc. acquired a new position in shares of Guidewire Software during the 2nd quarter worth $49,000.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on GWRE shares. Zacks Research cut Guidewire Software from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 25th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Guidewire Software in a research note on Monday, August 31st. BTIG Research upped their price target on shares of Guidewire Software from $175.00 to $230.00 and gave the stock a "buy" rating in a research note on Wednesday, September 2nd. Oppenheimer increased their price target on shares of Guidewire Software from $200.00 to $210.00 and gave the company an "outperform" rating in a report on Friday, September 4th. Finally, Robert W. Baird raised their price objective on shares of Guidewire Software from $202.00 to $235.00 and gave the company an "outperform" rating in a research note on Monday, August 31st. Twelve research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, Guidewire Software presently has an average rating of "Moderate Buy" and an average price target of $216.23.

About Guidewire Software

Guidewire Software, Inc NYSE: GWRE provides cloud-based software and technology services for the property and casualty insurance industry. Its solutions help insurers manage core operations, modernize legacy systems, improve customer engagement and use data to support underwriting and claims decisions.

The company's principal platform, InsuranceSuite, includes applications such as PolicyCenter for policy administration, BillingCenter for billing and payments, and ClaimCenter for claims management.

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