US charges British man over 'hack-to-trade' scheme By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 27 2024
0mins
Source: Investing.com
Arrest and Charges: Robert Westbrook, a 39-year-old British man, has been arrested in the UK and charged by U.S. authorities with hacking into five companies to illegally profit $3.75 million through insider trading before earnings announcements.
Extradition and Legal Consequences: The U.S. Department of Justice plans to extradite Westbrook to face multiple charges including securities fraud and wire fraud, which could result in significant prison time if convicted.
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Analyst Views on GWRE
Wall Street analysts forecast GWRE stock price to rise
12 Analyst Rating
10 Buy
2 Hold
0 Sell
Strong Buy
Current: 151.170
Low
245.00
Averages
279.60
High
305.00
Current: 151.170
Low
245.00
Averages
279.60
High
305.00
About GWRE
Guidewire Software, Inc. delivers a platform that property and casualty insurers trust to engage, innovate and grow efficiently. The Company's foundational core products, InsuranceSuite and InsuranceNow, are delivered primarily as cloud-based subscription services. These products serve as transactional systems of record, fully supporting insurance operations, including product definition, policy administration, claims management and billing. It provides digital engagement products that enable seamless sales, and omnichannel service. InsuranceSuite is a configurable and scalable product, delivered as a service, and primarily comprised of five core applications (PolicyCenter, ClaimCenter, BillingCenter, PricingCenter, and UnderwritingCenter) that can be subscribed to separately or together. InsuranceNow is a cloud-based application that offers policy administration, claims management, and billing functionality, plus pre-integrated document production, analytics, and other capabilities.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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