Insider Selling: Guidewire Software, Inc. (NYSE:GWRE) Insider Sells 4,514 Shares of Stock

Guidewire Software, Inc. (NYSE:GWRE) insider James Winston King sold 4,514 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $172.66, for a total value of $779,387.24. Following the completion of the transaction, the insider now owns 48,237 shares of the company’s stock, valued at approximately $8,328,600.42. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Guidewire Software Price Performance

NYSE:GWRE opened at $174.54 on Friday. The business has a 50 day moving average of $151.15 and a 200 day moving average of $131.80. The company has a market capitalization of $14.43 billion, a price-to-earnings ratio of -1,342.62 and a beta of 1.18. Guidewire Software, Inc. has a 1-year low of $85.15 and a 1-year high of $176.00.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings results on Thursday, September 5th. The technology company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.08. The business had revenue of $291.50 million for the quarter, compared to analysts’ expectations of $283.84 million. Guidewire Software had a negative return on equity of 1.32% and a negative net margin of 0.62%. The business’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.30 EPS. As a group, sell-side analysts anticipate that Guidewire Software, Inc. will post 0.49 EPS for the current year.

Hedge Funds Weigh In On Guidewire Software

Large investors have recently bought and sold shares of the stock. Alberta Investment Management Corp increased its stake in Guidewire Software by 11.1% in the 4th quarter. Alberta Investment Management Corp now owns 33,678 shares of the technology company’s stock worth $3,672,000 after purchasing an additional 3,355 shares during the period. Teca Partners LP increased its stake in shares of Guidewire Software by 31.1% during the fourth quarter. Teca Partners LP now owns 195,599 shares of the technology company’s stock valued at $21,328,000 after buying an additional 46,453 shares during the period. Kapitalo Investimentos Ltda purchased a new position in shares of Guidewire Software during the fourth quarter valued at approximately $204,000. Wasatch Advisors LP increased its stake in shares of Guidewire Software by 4.2% during the first quarter. Wasatch Advisors LP now owns 2,874,758 shares of the technology company’s stock valued at $335,513,000 after buying an additional 115,600 shares during the period. Finally, SG Americas Securities LLC purchased a new position in shares of Guidewire Software during the first quarter valued at approximately $417,000.

Analysts Set New Price Targets

Several research analysts have commented on GWRE shares. The Goldman Sachs Group raised their target price on Guidewire Software from $146.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. Stifel Nicolaus lifted their price target on Guidewire Software from $140.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, September 6th. Needham & Company LLC reiterated a “hold” rating on shares of Guidewire Software in a research report on Friday, September 6th. Oppenheimer lifted their price target on Guidewire Software from $170.00 to $185.00 and gave the company an “outperform” rating in a research report on Friday, September 6th. Finally, JPMorgan Chase & Co. lifted their price target on Guidewire Software from $133.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, June 5th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $161.69.

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.