Guidewire Software, Inc. (NYSE:GWRE) CFO Jeffrey Elliott Cooper Sells 4,956 Shares

Guidewire Software, Inc. (NYSE:GWRE) CFO Jeffrey Elliott Cooper sold 4,956 shares of the stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $172.70, for a total transaction of $855,901.20. Following the transaction, the chief financial officer now owns 78,411 shares of the company’s stock, valued at approximately $13,541,579.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Tuesday, September 17th, Jeffrey Elliott Cooper sold 10,334 shares of Guidewire Software stock. The stock was sold at an average price of $172.16, for a total transaction of $1,779,101.44.

Guidewire Software Price Performance

Shares of GWRE opened at $174.54 on Friday. The firm’s 50 day simple moving average is $151.15 and its 200 day simple moving average is $131.67. The company has a market capitalization of $14.43 billion, a P/E ratio of -1,342.62 and a beta of 1.18. Guidewire Software, Inc. has a 1-year low of $85.15 and a 1-year high of $176.00.

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

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Bank of America increased their target price on shares of Guidewire Software from $80.00 to $95.00 and gave the stock an “underperform” rating in a research report on Wednesday, June 5th. Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a research report on Friday, September 6th. Royal Bank of Canada raised their price objective on shares of Guidewire Software from $170.00 to $180.00 and gave the company an “outperform” rating in a research report on Friday, September 6th. Oppenheimer raised their price objective on shares of Guidewire Software from $170.00 to $185.00 and gave the company an “outperform” rating in a research report on Friday, September 6th. Finally, JMP Securities raised their price objective on shares of Guidewire Software from $141.00 to $179.00 and gave the company a “market outperform” rating in a research report on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $161.69.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC raised its stake in shares of Guidewire Software by 4.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,050 shares of the technology company’s stock worth $283,000 after acquiring an additional 79 shares in the last quarter. Partners Capital Investment Group LLP raised its stake in shares of Guidewire Software by 2.9% during the fourth quarter. Partners Capital Investment Group LLP now owns 3,468 shares of the technology company’s stock worth $378,000 after acquiring an additional 99 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in shares of Guidewire Software by 1.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 9,078 shares of the technology company’s stock worth $1,252,000 after acquiring an additional 116 shares in the last quarter. CHICAGO TRUST Co NA raised its stake in shares of Guidewire Software by 4.8% during the second quarter. CHICAGO TRUST Co NA now owns 2,845 shares of the technology company’s stock worth $392,000 after acquiring an additional 130 shares in the last quarter. Finally, Legacy Advisors LLC raised its stake in shares of Guidewire Software by 1.6% during the second quarter. Legacy Advisors LLC now owns 8,329 shares of the technology company’s stock worth $1,148,000 after acquiring an additional 135 shares in the last quarter.

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.