Insider Selling: Guidewire Software, Inc. (NYSE:GWRE) Insider Sells 270 Shares of Stock

Guidewire Software, Inc. (NYSE:GWRE) insider James Winston King sold 270 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $174.78, for a total value of $47,190.60. Following the transaction, the insider now directly owns 45,664 shares in the company, valued at approximately $7,981,153.92. This represents a 0.59 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Thursday, December 19th, James Winston King sold 794 shares of Guidewire Software stock. The stock was sold at an average price of $174.43, for a total value of $138,497.42.
• 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 Performance

Shares of NYSE GWRE opened at $178.66 on Friday. The firm has a market capitalization of $14.92 billion, a price-to-earnings ratio of 496.27, a PEG ratio of 44.47 and a beta of 1.23. Guidewire Software, Inc. has a one year low of $107.00 and a one year high of $209.15. The business has a fifty day simple moving average of $182.99 and a 200 day simple moving average of $169.73. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53.

Institutional Investors Weigh In On Guidewire Software

Several institutional investors and hedge funds have recently bought and sold shares of the business. Massachusetts Financial Services Co. MA lifted its holdings in shares of Guidewire Software by 24.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,426,907 shares of the technology company’s stock worth $626,918,000 after acquiring an additional 679,558 shares during the period. Linonia Partnership LP raised its position 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 worth $330,329,000 after purchasing an additional 185,077 shares in the last quarter. Geode Capital Management LLC lifted its stake in Guidewire Software by 0.5% during the third 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 boosted its holdings in Guidewire Software by 3.3% during the third 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. grew 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 during the period.

Analyst Upgrades and Downgrades

GWRE has been the subject of several recent analyst reports. Wells Fargo & Company upped their price objective on shares of Guidewire Software from $215.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. DA Davidson reaffirmed a “buy” rating and issued a $210.00 price target on shares of Guidewire Software in a research report on Wednesday, December 4th. JMP Securities reiterated a “market outperform” rating and issued a $231.00 price objective on shares of Guidewire Software in a research note on Friday, December 6th. Robert W. Baird increased their target price on Guidewire Software from $204.00 to $220.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Finally, JPMorgan Chase & Co. lifted their price target on Guidewire Software from $210.00 to $228.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. One investment 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, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.