2 weeks Ago By ABMN Staff
Makena Capital Management LLC bought a new stake in shares of Guidewire Software, Inc. ( NYSE:GWRE – Free Report ) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 55,545 shares of the technology company’s stock, valued at approximately $7,659,000.
Makena Capital Management LLC owned about 0.07% of Guidewire Software at the end of the most recent reporting period. Other hedge funds have also made changes to their positions in the company.
Transcendent Capital Group LLC acquired a new position in shares of Guidewire Software in the 4th quarter valued at $27,000. ORG Partners LLC acquired a new position in Guidewire Software during the 1st quarter worth approximately $29,000. Rothschild Investment LLC bought a new position in shares of Guidewire Software during the 2nd quarter worth approximately $31,000.
Lynx Investment Advisory acquired a new stake in shares of Guidewire Software in the second quarter valued at approximately $41,000. Finally, DT Investment Partners LLC bought a new position in Guidewire Software in the second quarter valued at $41,000. Insider Activity In other news, CEO Michael George Rosenbaum sold 23,379 shares of Guidewire Software stock in a transaction that occurred on Tuesday, September 17th.
The shares were sold at an average price of $172.16, for a total transaction of $4,024,928.64.
Following the sale, the chief executive officer now owns 287,662 shares in the company, valued at $49,523,889.92. The transaction was disclosed in a document filed with the SEC, which is available at this link .
In other news, CEO Michael George Rosenbaum sold 23,379 shares of the stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $172.16, for a total value of $4,024,928.
64. Following the sale, the chief executive officer now owns 287,662 shares of the company’s stock, valued at $49,523,889.92.
The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink . Also, insider John P. Mullen sold 1,350 shares of the firm’s stock in a transaction that occurred on Friday, July 19th.
The stock was sold at an average price of $139.12, for a total value of $187,812.00.
Following the sale, the insider now directly owns 139,171 shares of the company’s stock, valued at $19,361,469.52. The disclosure for this sale can be found here .
Insiders have sold 52,601 shares of company stock worth $8,984,892 over the last ninety days. Corporate insiders own 0.38% of the company’s stock.
Guidewire Software Price Performance Guidewire Software ( NYSE:GWRE – Get Free Report ) last posted its quarterly earnings data on Thursday, September 5th. The technology company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.
54 by $0.08. Guidewire Software had a negative return on equity of 1.
29% and a negative net margin of 0.62%. The firm had revenue of $291.
50 million for the quarter, compared to the consensus estimate of $283.84 million. During the same quarter last year, the company earned $0.
30 earnings per share. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year.
As a group, research analysts anticipate that Guidewire Software, Inc. will post 0.49 EPS for the current year.
Wall Street Analysts Forecast Growth A number of analysts have recently issued reports on GWRE shares. Bank of America raised their target price on shares of Guidewire Software from $80.00 to $95.
00 and gave the stock an “underperform” rating in a research note on Wednesday, June 5th. JMP Securities boosted their target price on Guidewire Software from $141.00 to $179.
00 and gave the stock a “market outperform” rating in a research note on Friday, September 6th. 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 note on Monday, July 22nd. Wells Fargo & Company boosted their price target on Guidewire Software from $175.00 to $185.
00 and gave the stock an “overweight” rating in a report on Friday, September 6th. Finally, Oppenheimer lifted their target price on shares of Guidewire Software from $170.00 to $185.
00 and gave the stock an “outperform” rating in a research report on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.
com, Guidewire Software currently has an average rating of “Moderate Buy” and a consensus target price of $163.62. Get Our Latest Report on GWRE Guidewire Software Company Profile ( Free Report ) Guidewire Software, Inc provides a platform for property and casualty (P&C) insurers worldwide.
The company offers Guidewire InsuranceSuite Cloud, such as 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 InsuranceSuite for Self-Managed. Read More Want to see what other hedge funds are holding GWRE? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Guidewire Software, Inc. ( NYSE:GWRE – Free Report ). 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.
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