Guidewire Software, Inc. (NYSE:GWRE) Insider Sells $138,497.42 in Stock

Guidewire Software, Inc. (NYSE:GWRE) insider James Winston King sold 794 shares of the company’s stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $174.43, for a total transaction of $138,497.42. Following the transaction, the insider now owns 45,934 shares of the company’s stock, valued at approximately $8,012,267.62. This represents a 1.70 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through 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 transaction of $258,129.54.

Guidewire Software Stock Down 1.4 %

Shares of GWRE traded down $2.46 during mid-day trading on Thursday, hitting $172.06. 1,266,162 shares of the company traded hands, compared to its average volume of 749,458. The business has a 50 day moving average of $189.77 and a 200 day moving average of $163.86. The company has a market capitalization of $14.37 billion, a PE ratio of 477.94, a price-to-earnings-growth ratio of 45.60 and a beta of 1.18. The company has a quick ratio of 1.55, a current ratio of 2.66 and a debt-to-equity ratio of 0.53. Guidewire Software, Inc. has a 1-year low of $102.66 and a 1-year high of $209.15.

Wall Street Analyst Weigh In

GWRE has been the topic of several research reports. Royal Bank of Canada lifted their target price on Guidewire Software from $215.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Oppenheimer lifted their price objective on shares of Guidewire Software from $220.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Wells Fargo & Company boosted their price objective on Guidewire Software from $215.00 to $220.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Citigroup boosted their price objective 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. Finally, Robert W. Baird raised their target price on shares of Guidewire Software from $204.00 to $220.00 and gave the stock an “outperform” rating in a 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’s stock. According to data from MarketBeat.com, Guidewire Software currently has a consensus rating of “Moderate Buy” and a consensus target price of $193.00.

Institutional Investors Weigh In On Guidewire Software

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

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.