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RBC Capital Thinks Guidewire’s Stock is Going to Recover

RBC Capital analyst Rishi Jaluria maintained a Buy rating on Guidewire (GWREResearch Report) on July 18 and set a price target of $125.00. The company’s shares closed last Wednesday at $75.63, close to its 52-week low of $69.06.

According to TipRanks.com, Jaluria is a 2-star analyst with an average return of 0.6% and a 42.8% success rate. Jaluria covers the Technology sector, focusing on stocks such as Clearwater Analytics Holdings, Zoom Video Communications, and Duck Creek Technologies.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Guidewire with a $101.00 average price target.

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Guidewire’s market cap is currently $6.05B and has a P/E ratio of -40.06.

Based on the recent corporate insider activity of 61 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. Last month, Priscilla Hung, the President & COO of GWRE sold 1,718 shares for a total of $124,005.

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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