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Wells Fargo Maintains Their Sell Rating on Guidewire (GWRE)

In a report released today, Michael Turrin from Wells Fargo maintained a Sell rating on Guidewire (GWREResearch Report), with a price target of $75.00. The company’s shares closed last Tuesday at $80.43, close to its 52-week low of $70.83.

According to TipRanks.com, Turrin has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -21.1% and a 25.0% success rate. Turrin covers the Technology sector, focusing on stocks such as Clearwater Analytics Holdings, Zoom Video Communications, and ZoomInfo Technologies.

Currently, the analyst consensus on Guidewire is a Moderate Buy with an average price target of $106.14.

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Based on Guidewire’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $205 million and GAAP net loss of $40.68 million. In comparison, last year the company earned revenue of $180 million and had a GAAP net loss of $8.65 million.

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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