Wells Fargo Sticks to Its Buy Rating for Guidewire (GWRE)

In a report released today, from Wells Fargo maintained a Buy rating on Guidewire, with a price target of $210.00.

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In addition to Wells Fargo, Guidewire also received a Buy from D.A. Davidson’s Peter Heckmann in a report issued on March 10. However, on March 9, Citi assigned a Hold rating to Guidewire (NYSE: GWRE).

Based on Guidewire’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $359.1 million and a net profit of $60.11 million. In comparison, last year the company earned a revenue of $289.48 million and had a GAAP net loss of $37.28 million

Based on the recent corporate insider activity of 112 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. Earlier this month, David Franklin Peterson, the CAO of GWRE sold 273.00 shares for a total of $44,731.05.