Guidewire (GWRE) Receives a Hold from Robert W. Baird

In a report issued on June 8, Joseph Vruwink from Robert W. Baird maintained a Hold rating on Guidewire (GWREResearch Report), with a price target of $118.00. The company’s shares closed last Thursday at $77.19, close to its 52-week low of $70.83.

According to TipRanks.com, Vruwink is a 1-star analyst with an average return of -3.6% and a 37.6% success rate. Vruwink covers the Technology sector, focusing on stocks such as Instructure Holdings, Manhattan Associates, and Bentley Systems.

Guidewire has an analyst consensus of Hold, with a price target consensus of $100.17, implying a 26.2% upside from current levels. In a report issued on May 31, Citigroup also maintained a Hold rating on the stock with a $89.00 price target.

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The company has a one-year high of $130.95 and a one-year low of $70.83. Currently, Guidewire has an average volume of 576.2K.

Based on the recent corporate insider activity of 72 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GWRE in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Guidewire Software, Inc. engages in the provision of technology platform, which composes of software, services, and a partner ecosystem, for the global Property and Casualty insurance industry. Its products include InsuranceSuite, PolicyCenter, ClaimCenter, BillingCenter, Add-on Modules, and InsuranceNow. The company was founded by Marcus S. Ryu on September 20, 2001 and is headquartered in San Mateo, CA.

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