Jeffrey Elliott Cooper Sells 2,828 Shares of Guidewire Software, Inc. (NYSE:GWRE) Stock

Guidewire Software, Inc. (NYSE:GWRE) CFO Jeffrey Elliott Cooper sold 2,828 shares of the stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total transaction of $483,757.68. Following the transaction, the chief financial officer now directly owns 74,911 shares of the company’s stock, valued at $12,814,275.66. This represents a 3.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Thursday, December 19th, Jeffrey Elliott Cooper sold 1,069 shares of Guidewire Software stock. The shares were sold at an average price of $174.43, for a total value of $186,465.67.

Guidewire Software Price Performance

Shares of NYSE GWRE opened at $176.03 on Friday. Guidewire Software, Inc. has a 1 year low of $102.66 and a 1 year high of $209.15. The stock has a market capitalization of $14.70 billion, a P/E ratio of 488.97, a P/E/G ratio of 45.60 and a beta of 1.18. The company’s 50-day moving average is $189.77 and its 200 day moving average is $163.86. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 1.55.

Analysts Set New Price Targets

Several equities research analysts have issued reports on GWRE shares. Royal Bank of Canada increased their target price on Guidewire Software from $215.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. DA Davidson reissued a “buy” rating and set a $210.00 price objective on shares of Guidewire Software in a report on Wednesday, December 4th. Citigroup upped their target price on Guidewire Software from $123.00 to $165.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a research report on Friday, December 6th. Finally, BTIG Research raised their price objective on Guidewire Software from $140.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $193.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. &PARTNERS purchased a new stake in shares of Guidewire Software in the 2nd quarter worth about $750,000. Wooster Corthell Wealth Management Inc. bought a new stake in Guidewire Software during the second quarter worth about $492,000. Raymond James Trust N.A. grew its holdings in Guidewire Software by 5.5% in the second quarter. Raymond James Trust N.A. now owns 16,118 shares of the technology company’s stock worth $2,223,000 after purchasing an additional 836 shares during the period. Allspring Global Investments Holdings LLC increased 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 valued at $283,000 after purchasing an additional 79 shares in the last quarter. Finally, RiverPark Advisors LLC lifted its holdings in shares of Guidewire Software by 32.8% during the second quarter. RiverPark Advisors LLC now owns 1,541 shares of the technology company’s stock valued at $212,000 after purchasing an additional 381 shares during 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.