Guidewire Software (NYSE:GWRE) Reaches New 52-Week Low at $53.32

Guidewire Software (NYSE:GWRE) Reaches New 52-Week Low at .32

Guidewire Software, Inc. (NYSE:GWRE – Get Rating)’s stock price reached a new 52-week low during trading on Friday . The company traded as low as $53.32 and last traded at $53.32, with a volume of 3806 shares traded. The stock had previously closed at $54.67.

Wall Street Analyst Weigh In

A number of equity analysts recently commented on the company. Robert W. Baird decreased their price target on Guidewire Software from $99.00 to $81.00 and set a “neutral” rating for the company in a research note on Thursday, September 8th. Oppenheimer reiterated an “initiates” rating on shares of Guidewire Software in a research note on Wednesday, July 27th. Wells Fargo & Company decreased their target price on Guidewire Software from $65.00 to $60.00 and set an “underweight” rating for the company in a research note on Friday, October 7th. DA Davidson decreased their target price on Guidewire Software from $114.00 to $96.00 and set a “buy” rating for the company in a research note on Tuesday, August 30th. Finally, StockNews.com assumed coverage on Guidewire Software in a research note on Wednesday, October 12th. They issued a “sell” rating for the company. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Guidewire Software has an average rating of “Hold” and an average price target of $89.56.

Guidewire Software Stock Performance

The company has a quick ratio of 3.71, a current ratio of 3.71 and a debt-to-equity ratio of 0.25. The company has a 50-day moving average price of $62.14 and a 200-day moving average price of $72.34. The firm has a market capitalization of $4.37 billion, a price-to-earnings ratio of -24.57 and a beta of 1.26.

Want More Great Investing Ideas?

Guidewire Software (NYSE:GWRE – Get Rating) last issued its quarterly earnings data on Tuesday, September 6th. The technology company reported ($0.31) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.33) by $0.02. The business had revenue of $244.60 million during the quarter, compared to the consensus estimate of $229.63 million. Guidewire Software had a negative return on equity of 10.06% and a negative net margin of 22.20%. The business’s revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.06 earnings per share. As a group, equities research analysts forecast that Guidewire Software, Inc. will post -1.54 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Michael George Rosenbaum sold 27,786 shares of the business’s stock in a transaction that occurred on Monday, September 19th. The stock was sold at an average price of $62.82, for a total transaction of $1,745,516.52. Following the sale, the chief executive officer now owns 201,160 shares of the company’s stock, valued at $12,636,871.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Guidewire Software news, COO Priscilla Hung sold 7,402 shares of the company’s stock in a transaction on Monday, September 19th. The stock was sold at an average price of $62.82, for a total value of $464,993.64. Following the transaction, the chief operating officer now owns 70,100 shares of the company’s stock, valued at $4,403,682. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael George Rosenbaum sold 27,786 shares of the company’s stock in a transaction on Monday, September 19th. The shares were sold at an average price of $62.82, for a total value of $1,745,516.52. Following the completion of the transaction, the chief executive officer now directly owns 201,160 shares in the company, valued at approximately $12,636,871.20. The disclosure for this sale can be found here. Insiders have sold a total of 41,202 shares of company stock valued at $2,588,310 over the last quarter. Corporate insiders own 0.17% of the company’s stock.

Institutional Trading of Guidewire Software

Several large investors have recently added to or reduced their stakes in the company. Strs Ohio grew its holdings in shares of Guidewire Software by 1,579.4% during the 1st quarter. Strs Ohio now owns 16,055 shares of the technology company’s stock valued at $1,519,000 after acquiring an additional 15,099 shares in the last quarter. Truist Financial Corp grew its holdings in shares of Guidewire Software by 8.0% during the 1st quarter. Truist Financial Corp now owns 14,808 shares of the technology company’s stock valued at $1,402,000 after acquiring an additional 1,092 shares in the last quarter. Allworth Financial LP grew its holdings in shares of Guidewire Software by 2,038.9% during the 1st quarter. Allworth Financial LP now owns 385 shares of the technology company’s stock valued at $36,000 after acquiring an additional 367 shares in the last quarter. Robeco Institutional Asset Management BV grew its holdings in shares of Guidewire Software by 1.3% during the 1st quarter. Robeco Institutional Asset Management BV now owns 151,966 shares of the technology company’s stock valued at $14,379,000 after acquiring an additional 1,966 shares in the last quarter. Finally, Sciencecast Management LP purchased a new position in shares of Guidewire Software during the 1st quarter valued at $201,000. 99.36% of the stock is owned by institutional investors and hedge funds.

About Guidewire Software

(Get Rating)

Guidewire Software, Inc provides software products for property and casualty (P&C) insurers worldwide. The company offers Guidewire InsuranceSuite Cloud comprising 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 Insurance Suite for Self-Managed.

See Also

Receive News & Ratings for Guidewire Software Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Guidewire Software and related companies with MarketBeat.com’s FREE daily email newsletter.