Significant Insider Selling Continues at Guidewire Software (GWRE)

Tuesday, August 01, 2017 10:15 PM ET

Significant Insider Selling Continues at Guidewire Software (GWRE)

A filing with the SEC today disclosed a significant insider sale of Guidewire Software shares as — Marcus Ryu, Director and Officer — disposed of 25,000 shares in the company having a market value of approximately $1,808,440. There have been 7 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 31,096 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 56,096 shares and have averaged 7,012 shares per transaction over this time period.

The number of insider buy/sell trades at Guidewire Software is higher than that of the 62 peer company average over the last 90-day period. The Enterprise Software peer group saw 181 buy/sell trades during this period for an average of 2.9 transactions per company. However, the number of shares traded per transaction by Guidewire Software insiders is lower than its peers. Within the peer group there were 833,937 shares purchased and 9,720,553 shares sold with company insiders disposing of 49,097 shares on average over this time period.

Significant insider buying and selling activity has been determined by eliminating all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers in data used in evaluating and writing this story.

Using proprietary artificial intelligence methods, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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