Guidewire Software, Inc. (NYSE:GWRE) Insider James Winston King Sells 4,514 Shares

Guidewire Software, Inc. (NYSE:GWRE) insider James Winston King sold 4,514 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $172.66, for a total transaction of $779,387.24. Following the transaction, the insider now directly owns 48,237 shares in the company, valued at approximately $8,328,600.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Guidewire Software Trading Down 0.1 %

Shares of Guidewire Software stock opened at $174.54 on Friday. Guidewire Software, Inc. has a twelve month low of $85.15 and a twelve month high of $176.00. The stock has a market cap of $14.43 billion, a price-to-earnings ratio of -1,342.62 and a beta of 1.18. The company has a fifty day moving average price of $151.15 and a 200 day moving average price of $131.67.

Guidewire Software (NYSE:GWRE) last issued its earnings results on Thursday, September 5th. The technology company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.08. The company had revenue of $291.50 million during the quarter, compared to the consensus estimate of $283.84 million. Guidewire Software had a negative return on equity of 1.32% and a negative net margin of 0.62%. The company’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.30 earnings per share. Analysts forecast that Guidewire Software, Inc. will post 0.49 earnings per share for the current year.

Institutional Trading of Guidewire Software

Hedge funds have recently made changes to their positions in the company. Sanctuary Advisors LLC purchased a new stake in Guidewire Software during the 2nd quarter worth $429,000. Cetera Investment Advisers increased its position in shares of Guidewire Software by 2.1% during the second quarter. Cetera Investment Advisers now owns 18,489 shares of the technology company’s stock worth $2,549,000 after acquiring an additional 372 shares during the last quarter. Quarry LP purchased a new stake in shares of Guidewire Software during the second quarter worth about $77,000. Creative Planning lifted its stake in shares of Guidewire Software by 26.1% in the second quarter. Creative Planning now owns 13,211 shares of the technology company’s stock worth $1,822,000 after acquiring an additional 2,731 shares in the last quarter. Finally, Algert Global LLC purchased a new position in Guidewire Software in the second quarter valued at about $1,099,000.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on GWRE. Bank of America boosted their price target on Guidewire Software from $80.00 to $95.00 and gave the company an “underperform” rating in a report on Wednesday, June 5th. Royal Bank of Canada raised their price target on Guidewire Software from $170.00 to $180.00 and gave the stock an “outperform” rating in a research note on Friday, September 6th. JMP Securities upped their price objective on shares of Guidewire Software from $141.00 to $179.00 and gave the company a “market outperform” rating in a research note on Friday, September 6th. Wells Fargo & Company raised their target price on shares of Guidewire Software from $175.00 to $185.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. Finally, The Goldman Sachs Group upped 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.