Guidewire Software, Inc. (NYSE:GWRE) CFO Sells $1,779,101.44 in Stock

Guidewire Software, Inc. (NYSE:GWRE) CFO Jeffrey Elliott Cooper sold 10,334 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $172.16, for a total value of $1,779,101.44. Following the completion of the sale, the chief financial officer now owns 83,367 shares of the company’s stock, valued at approximately $14,352,462.72. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Thursday, September 19th, Jeffrey Elliott Cooper sold 4,956 shares of Guidewire Software stock. The shares were sold at an average price of $172.70, for a total value of $855,901.20.

Guidewire Software Stock Performance

Guidewire Software stock opened at $174.54 on Friday. The business’s fifty day moving average is $151.15 and its two-hundred day moving average is $131.80. The firm has a market cap of $14.43 billion, a P/E ratio of -1,342.62 and a beta of 1.18. Guidewire Software, Inc. has a 52 week low of $85.15 and a 52 week high of $176.00.

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

Wall Street Analysts Forecast Growth

GWRE has been the topic of a number of recent research reports. BTIG Research lifted their price target on shares of Guidewire Software from $140.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Stifel Nicolaus lifted their target price on shares of Guidewire Software from $140.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, September 6th. The Goldman Sachs Group increased their price target on shares of Guidewire Software from $146.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. JMP Securities lifted their price objective on Guidewire Software from $141.00 to $179.00 and gave the company a “market outperform” rating in a report on Friday, September 6th. Finally, Royal Bank of Canada increased their target price on Guidewire Software from $170.00 to $180.00 and gave the stock an “outperform” rating in a report on Friday, September 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, Guidewire Software presently has an average rating of “Moderate Buy” and an average target price of $161.69.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of GWRE. Vanguard Group Inc. increased its stake in shares of Guidewire Software by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 8,134,952 shares of the technology company’s stock valued at $949,430,000 after buying an additional 67,439 shares during the period. Wasatch Advisors LP increased its position in Guidewire Software by 4.2% in the first quarter. Wasatch Advisors LP now owns 2,874,758 shares of the technology company’s stock worth $335,513,000 after purchasing an additional 115,600 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in Guidewire Software by 23.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,747,349 shares of the technology company’s stock worth $378,832,000 after purchasing an additional 516,942 shares during the last quarter. Linonia Partnership LP lifted its position in Guidewire Software by 8.4% during the 2nd quarter. Linonia Partnership LP now owns 2,395,601 shares of the technology company’s stock valued at $330,329,000 after purchasing an additional 185,077 shares during the period. Finally, Whale Rock Capital Management LLC lifted its position in Guidewire Software by 23.4% during the 1st quarter. Whale Rock Capital Management LLC now owns 1,270,870 shares of the technology company’s stock valued at $148,323,000 after purchasing an additional 240,622 shares during the period.

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.