Guidewire Software, Inc. (NYSE:GWRE) President John P. Mullen Sells 7,165 Shares

Guidewire Software, Inc. (NYSE:GWRE) President John P. Mullen sold 7,165 shares of the stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total value of $1,225,644.90. Following the sale, the president now owns 182,096 shares of the company’s stock, valued at $31,149,341.76. This trade represents a 3.79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Guidewire Software Price Performance

NYSE GWRE traded up $2.03 during trading on Wednesday, reaching $174.52. 2,391,480 shares of the company traded hands, compared to its average volume of 747,338. Guidewire Software, Inc. has a 1-year low of $102.66 and a 1-year high of $209.15. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 2.66. The stock’s 50 day moving average price is $189.99 and its two-hundred day moving average price is $163.80. The company has a market cap of $14.58 billion, a price-to-earnings ratio of 484.78, a P/E/G ratio of 45.60 and a beta of 1.18.

Analyst Ratings Changes

GWRE has been the subject of several research analyst reports. DA Davidson restated a “buy” rating and issued a $210.00 price target on shares of Guidewire Software in a research report on Wednesday, December 4th. JPMorgan Chase & Co. raised their price target on shares of Guidewire Software from $210.00 to $228.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. 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 lifted their target price on shares of Guidewire Software from $204.00 to $220.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. 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 analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $193.00.

Hedge Funds Weigh In On Guidewire Software

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Icon Wealth Advisors LLC lifted its stake in shares of Guidewire Software by 72.4% during the third quarter. Icon Wealth Advisors LLC now owns 5,984 shares of the technology company’s stock valued at $1,095,000 after acquiring an additional 2,512 shares during the period. Parkside Financial Bank & Trust lifted its holdings in Guidewire Software by 8.0% in the second quarter. Parkside Financial Bank & Trust now owns 2,215 shares of the technology company’s stock valued at $305,000 after buying an additional 165 shares during the period. Whale Rock Capital Management LLC boosted its stake in Guidewire Software by 3.3% in 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 acquiring an additional 31,512 shares during the last quarter. Cerity Partners LLC boosted its stake in Guidewire Software by 326.8% in the third quarter. Cerity Partners LLC now owns 21,799 shares of the technology company’s stock valued at $3,988,000 after acquiring an additional 16,692 shares during the last quarter. Finally, Xponance Inc. grew its holdings in Guidewire Software by 79.8% during the 2nd quarter. Xponance Inc. now owns 6,908 shares of the technology company’s stock worth $953,000 after acquiring an additional 3,066 shares during the period.

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.