Jeffrey Elliott Cooper Sells 10,334 Shares of Guidewire Software, Inc. (NYSE:GWRE) Stock

Guidewire Software, Inc. (NYSE:GWRE) CFO Jeffrey Elliott Cooper sold 10,334 shares of the stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $172.16, for a total transaction of $1,779,101.44. Following the completion of the transaction, the chief financial officer now directly owns 83,367 shares of the company’s stock, valued at $14,352,462.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Thursday, September 19th, Jeffrey Elliott Cooper sold 4,956 shares of Guidewire Software stock. The stock was sold at an average price of $172.70, for a total transaction of $855,901.20.

Guidewire Software Stock Down 0.1 %

NYSE:GWRE opened at $174.54 on Friday. The company’s 50 day moving average price is $151.15 and its 200-day moving average price is $131.67. Guidewire Software, Inc. has a 52 week low of $85.15 and a 52 week high of $176.00. The stock has a market cap of $14.43 billion, a price-to-earnings ratio of -1,342.62 and a beta of 1.18.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings results on Thursday, September 5th. The technology company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.08. Guidewire Software had a negative net margin of 0.62% and a negative return on equity of 1.32%. The firm had revenue of $291.50 million for the quarter, compared to analysts’ expectations of $283.84 million. During the same quarter in the prior year, the company posted $0.30 earnings per share. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Guidewire Software, Inc. will post 0.49 earnings per share for the current year.

Institutional Investors Weigh In On Guidewire Software

Institutional investors have recently made changes to their positions in the company. Rothschild Investment LLC purchased a new stake in Guidewire Software in the second quarter worth approximately $31,000. ORG Partners LLC purchased a new stake in Guidewire Software in the first quarter worth approximately $29,000. Transcendent Capital Group LLC purchased a new stake in Guidewire Software in the fourth quarter worth approximately $27,000. DT Investment Partners LLC purchased a new stake in Guidewire Software in the second quarter worth approximately $41,000. Finally, Lynx Investment Advisory purchased a new stake in Guidewire Software in the second quarter worth approximately $41,000.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on GWRE. Stifel Nicolaus increased their price target on shares of Guidewire Software from $140.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. Royal Bank of Canada increased their price target on shares of Guidewire Software from $170.00 to $180.00 and gave the stock an “outperform” rating in a research note on Friday, September 6th. Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a report on Friday, September 6th. Oppenheimer upped their price objective on shares of Guidewire Software from $170.00 to $185.00 and gave the stock an “outperform” rating in a report on Friday, September 6th. Finally, The Goldman Sachs Group upped their price objective on shares of Guidewire Software from $146.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $161.69.

Guidewire Software Company Profile

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.