Insider Selling: Guidewire Software, Inc. (NYSE:GWRE) President Sells 700 Shares of Stock

Guidewire Software, Inc. (NYSE:GWRE) President John P. Mullen sold 700 shares of the firm’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $210.00, for a total value of $147,000.00. Following the completion of the sale, the president now directly owns 177,746 shares of the company’s stock, valued at $37,326,660. This trade represents a 0.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Guidewire Software Stock Up 0.4 %

GWRE traded up $0.74 during trading hours on Friday, hitting $205.34. 13,926,135 shares of the company’s stock were exchanged, compared to its average volume of 1,832,404. The firm has a market cap of $17.15 billion, a P/E ratio of 570.40, a price-to-earnings-growth ratio of 47.71 and a beta of 1.23. Guidewire Software, Inc. has a 12-month low of $107.00 and a 12-month high of $212.00. The firm has a 50 day moving average of $182.34 and a 200 day moving average of $171.07. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53.

Analyst Ratings Changes

A number of brokerages have commented on GWRE. JMP Securities reaffirmed a “market outperform” rating and set a $231.00 target price on shares of Guidewire Software in a research note on Friday, December 6th. DA Davidson reaffirmed a “buy” rating and set a $210.00 price target on shares of Guidewire Software in a research report on Wednesday, December 4th. Oppenheimer increased their price objective on Guidewire Software from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. The Goldman Sachs Group started coverage on Guidewire Software in a research report on Thursday. They issued a “buy” rating and a $210.00 target price on the stock. Finally, Stifel Nicolaus raised their price objective on Guidewire Software from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $196.08.

Institutional Trading of Guidewire Software

Several institutional investors and hedge funds have recently bought and sold shares of the business. Versant Capital Management Inc purchased a new position in Guidewire Software in the 4th quarter valued at $25,000. Assetmark Inc. raised its holdings in Guidewire Software by 537.0% during the third quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock worth $31,000 after purchasing an additional 145 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in Guidewire Software during the third quarter worth about $33,000. Brooklyn Investment Group purchased a new stake in Guidewire Software in the 3rd quarter valued at approximately $42,000. Finally, R Squared Ltd acquired a new position in Guidewire Software during the 4th quarter worth approximately $47,000.

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.