on board late to the game at $45
Definitely the best Insurance solution out there... they are owning the market.
Every company out there is switching from legacy to Guidewire.
I hope they can come out with a product to compete with salesforce in the future.
You might be able to capitalize on a macro trend by shorting as beta seems to be above market (no official numbers out there). I listened to the last call, so there isn't going to be much news until the next call.
Although I am on the opposite side of the trade, you'll have time to cover your position. The stock moves around even with the large jump today.
disclaimer: I have not read or listened to the whole conference call yet.
I was a buyer of the stock near the IPO and started DCA purchases at $20. Current cost basis is $24.61, but was lower originally as I sold 20% of my position in the $30 range.
Any other long term owners of GWRE on the board?
The 130,000 was an "automatic sale" which is programmed selling........not dumping. In other terms "portfolio maintenance".........something the shorty's don't understand at all.
Yes, which means he has 80% left and he's due to be issued more since it's the time of for stock awards..
Did the CEO just sell 20% of his stock?