Guidewire Software, Inc. (NYSE:GWRE) CFO Jeffrey Elliott Cooper Sells 2,828 Shares

Guidewire Software, Inc. (NYSE:GWRE) CFO Jeffrey Elliott Cooper sold 2,828 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total transaction of $483,757.68. Following the sale, the chief financial officer now owns 74,911 shares of the company’s stock, valued at approximately $12,814,275.66. This represents a 3.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Thursday, December 19th, Jeffrey Elliott Cooper sold 1,069 shares of Guidewire Software stock. The shares were sold at an average price of $174.43, for a total transaction of $186,465.67.

Guidewire Software Price Performance

NYSE:GWRE opened at $176.03 on Friday. The company has a market capitalization of $14.70 billion, a P/E ratio of 488.97, a P/E/G ratio of 45.60 and a beta of 1.18. The business’s 50-day moving average is $189.77 and its 200 day moving average is $163.86. The company has a current ratio of 2.66, a quick ratio of 1.55 and a debt-to-equity ratio of 0.53. Guidewire Software, Inc. has a 12 month low of $102.66 and a 12 month high of $209.15.

Analyst Ratings Changes

GWRE has been the topic of several analyst reports. Wells Fargo & Company upped their price objective on Guidewire Software from $215.00 to $220.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Robert W. Baird lifted their price objective on Guidewire Software from $204.00 to $220.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Stifel Nicolaus upped their target price on shares of Guidewire Software from $200.00 to $220.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. DA Davidson reaffirmed a “buy” rating and issued a $210.00 price objective on shares of Guidewire Software in a research note on Wednesday, December 4th. Finally, BTIG Research lifted their target price on shares of Guidewire Software from $140.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, August 30th. One equities research 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.com, Guidewire Software currently has a consensus rating of “Moderate Buy” and an average price target of $193.00.

Institutional Trading of Guidewire Software

Several hedge funds have recently modified their holdings of GWRE. &PARTNERS bought a new stake in Guidewire Software in the second quarter worth $750,000. Wooster Corthell Wealth Management Inc. purchased a new position in shares of Guidewire Software in the 2nd quarter worth $492,000. Raymond James Trust N.A. increased its holdings in shares of Guidewire Software by 5.5% in the 2nd quarter. Raymond James Trust N.A. now owns 16,118 shares of the technology company’s stock worth $2,223,000 after buying an additional 836 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Guidewire Software by 4.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,050 shares of the technology company’s stock valued at $283,000 after buying an additional 79 shares in the last quarter. Finally, RiverPark Advisors LLC lifted its holdings in shares of Guidewire Software by 32.8% in the 2nd quarter. RiverPark Advisors LLC now owns 1,541 shares of the technology company’s stock valued at $212,000 after acquiring an additional 381 shares during the last quarter.

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.