Guidewire Software, Inc. (NYSE:GWRE) Insider James Winston King Sells 794 Shares of Stock

Guidewire Software, Inc. (NYSE:GWRE) insider James Winston King sold 794 shares of Guidewire Software stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $174.43, for a total value of $138,497.42. Following the completion of the sale, the insider now owns 45,934 shares in the company, valued at approximately $8,012,267.62. This trade represents a 1.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

James Winston King also recently made the following trade(s):

• On Tuesday, December 17th, James Winston King sold 1,509 shares of Guidewire Software stock. The shares were sold at an average price of $171.06, for a total value of $258,129.54.

Guidewire Software Price Performance

NYSE:GWRE opened at $172.06 on Friday. Guidewire Software, Inc. has a 12-month low of $102.66 and a 12-month high of $209.15. The firm has a market cap of $14.37 billion, a price-to-earnings ratio of 477.94, a price-to-earnings-growth ratio of 45.60 and a beta of 1.18. The company’s 50-day moving average is $189.77 and its two-hundred day moving average is $163.86. The company has a current ratio of 2.66, a quick ratio of 1.55 and a debt-to-equity ratio of 0.53.

Hedge Funds Weigh In On Guidewire Software

A number of institutional investors have recently modified their holdings of the company. &PARTNERS purchased a new stake in Guidewire Software in the 2nd quarter worth approximately $750,000. Wooster Corthell Wealth Management Inc. acquired a new stake in shares of Guidewire Software during the second quarter worth $492,000. Raymond James Trust N.A. grew its position in shares of Guidewire Software by 5.5% in the second quarter. Raymond James Trust N.A. now owns 16,118 shares of the technology company’s stock valued at $2,223,000 after purchasing an additional 836 shares during the period. Allspring Global Investments Holdings LLC increased its stake in Guidewire Software by 4.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 2,050 shares of the technology company’s stock valued at $283,000 after purchasing an additional 79 shares during the last quarter. Finally, RiverPark Advisors LLC lifted its position in Guidewire Software by 32.8% during the second quarter. RiverPark Advisors LLC now owns 1,541 shares of the technology company’s stock worth $212,000 after buying an additional 381 shares during the period.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Royal Bank of Canada upped their price target on shares of Guidewire Software from $215.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Oppenheimer upped their target price on shares of Guidewire Software from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Citigroup lifted their price target on shares of Guidewire Software from $123.00 to $165.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. DA Davidson restated a “buy” rating and issued a $210.00 price target on shares of Guidewire Software in a report on Wednesday, December 4th. Finally, Robert W. Baird lifted their price objective on Guidewire Software from $204.00 to $220.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price 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.