Guidewire Software, Inc. (NYSE:GWRE) CFO Jeffrey Elliott Cooper Sells 2,828 Shares of Stock

Guidewire Software, Inc. (NYSE:GWRE) CFO Jeffrey Elliott Cooper sold 2,828 shares of the company’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $171.06, for a total value of $483,757.68. Following the sale, the chief financial officer now owns 74,911 shares of the company’s stock, valued at $12,814,275.66. This trade represents a 3.64 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Jeffrey Elliott Cooper also recently made the following trade(s):

• On Thursday, December 19th, Jeffrey Elliott Cooper sold 1,069 shares of Guidewire Software stock. The stock was sold at an average price of $174.43, for a total transaction of $186,465.67.

Guidewire Software Stock Down 1.4 %

Shares of NYSE GWRE opened at $172.06 on Friday. The company has a current ratio of 2.66, a quick ratio of 1.55 and a debt-to-equity ratio of 0.53. The business has a 50-day moving average of $189.77 and a 200-day moving average of $163.86. The firm has a market capitalization of $14.37 billion, a price-to-earnings ratio of 477.94, a PEG ratio of 45.60 and a beta of 1.18. Guidewire Software, Inc. has a 12 month low of $102.66 and a 12 month high of $209.15.

Institutional Trading of Guidewire Software

Several institutional investors and hedge funds have recently made changes to their positions in GWRE. Massachusetts Financial Services Co. MA boosted its holdings in shares of Guidewire Software by 24.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,426,907 shares of the technology company’s stock worth $626,918,000 after purchasing an additional 679,558 shares in the last quarter. Linonia Partnership LP grew its holdings in shares of Guidewire Software by 8.4% during the 2nd quarter. Linonia Partnership LP now owns 2,395,601 shares of the technology company’s stock valued at $330,329,000 after purchasing an additional 185,077 shares during the last quarter. Geode Capital Management LLC lifted its stake in Guidewire Software by 0.5% in the third quarter. Geode Capital Management LLC now owns 1,330,074 shares of the technology company’s stock worth $243,580,000 after purchasing an additional 6,223 shares during the last quarter. Whale Rock Capital Management LLC grew its stake in shares of Guidewire Software by 3.3% during the third quarter. Whale Rock Capital Management LLC now owns 972,743 shares of the technology company’s stock valued at $177,954,000 after buying an additional 31,512 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its holdings in shares of Guidewire Software by 7.6% in the third quarter. Jacobs Levy Equity Management Inc. now owns 764,400 shares of the technology company’s stock worth $139,839,000 after buying an additional 53,967 shares during the period.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a research report on Friday, December 6th. Robert W. Baird raised their target price on Guidewire Software from $204.00 to $220.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. JMP Securities restated a “market outperform” rating and set a $231.00 price target on shares of Guidewire Software in a research report on Friday, December 6th. DA Davidson reissued a “buy” rating and set a $210.00 price objective on shares of Guidewire Software in a report on Wednesday, December 4th. Finally, JPMorgan Chase & Co. boosted their target price on Guidewire Software from $210.00 to $228.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, Guidewire Software has an average rating of “Moderate Buy” and a consensus price target of $193.00.

About Guidewire Software

Guidewire Software, Inc provides a platform for property and casualty (P&C) insurers worldwide. The company offers Guidewire InsuranceSuite Cloud, such as PolicyCenter Cloud, BillingCenter Cloud, and ClaimCenter Cloud applications. It also provides Guidewire InsuranceNow, a cloud-based platform that offers policy, billing, and claims management functionality to insurers; and Guidewire InsuranceSuite for Self-Managed.