Insider Selling: Guidewire Software, Inc. (NYSE:GWRE) President Sells 2,300 Shares of Stock

Guidewire Software, Inc. (NYSE:GWRE) President John P. Mullen sold 2,300 shares of the business’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $174.78, for a total value of $401,994.00. Following the completion of the sale, the president now owns 178,446 shares in the company, valued at $31,188,791.88. This represents a 1.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Guidewire Software Price Performance

Shares of GWRE traded up $2.63 during trading hours on Wednesday, reaching $174.60. 678,675 shares of the company’s stock traded hands, compared to its average volume of 781,808. Guidewire Software, Inc. has a 12 month low of $107.00 and a 12 month high of $209.15. The company has a current ratio of 2.66, a quick ratio of 1.55 and a debt-to-equity ratio of 0.53. The stock has a market cap of $14.58 billion, a PE ratio of 485.00, a price-to-earnings-growth ratio of 46.15 and a beta of 1.23. The firm’s 50 day simple moving average is $183.96 and its 200-day simple moving average is $169.34.

Institutional Investors Weigh In On Guidewire Software

Hedge funds have recently bought and sold shares of the stock. Versant Capital Management Inc purchased a new stake in shares of Guidewire Software during the 4th quarter valued at $25,000. Assetmark Inc. grew its position in Guidewire Software by 537.0% in the third quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock worth $31,000 after acquiring an additional 145 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in Guidewire Software in the third quarter valued at $33,000. Brooklyn Investment Group purchased a new stake in Guidewire Software during the third quarter valued at about $42,000. Finally, Canada Pension Plan Investment Board purchased a new stake in Guidewire Software during the second quarter valued at about $55,000.

Wall Street Analysts Forecast Growth

GWRE has been the subject of several recent research reports. Wells Fargo & Company lifted their target price on shares of Guidewire Software from $215.00 to $220.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Needham & Company LLC reissued a “hold” rating on shares of Guidewire Software in a report on Friday, December 6th. Oppenheimer increased their target price on Guidewire Software from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. JPMorgan Chase & Co. lifted their price target on Guidewire Software from $210.00 to $228.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Finally, Stifel Nicolaus increased their price objective on Guidewire Software from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. One investment 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. According to MarketBeat, the stock has a consensus 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.