Insider Selling: Guidewire Software, Inc. (NYSE:GWRE) President Sells $266,922.00 in Stock

Guidewire Software, Inc. (NYSE:GWRE) President John P. Mullen sold 1,350 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $197.72, for a total transaction of $266,922.00. Following the transaction, the president now directly owns 189,261 shares of the company’s stock, valued at $37,420,684.92. The trade was a 0.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Guidewire Software Stock Performance

NYSE:GWRE opened at $202.77 on Friday. The company has a market capitalization of $16.94 billion, a PE ratio of -2,534.31, a P/E/G ratio of 50.80 and a beta of 1.18. The company has a 50 day simple moving average of $185.74 and a two-hundred day simple moving average of $154.29. Guidewire Software, Inc. has a fifty-two week low of $95.02 and a fifty-two week high of $202.99.

Guidewire Software (NYSE:GWRE) last issued its earnings results on Thursday, September 5th. The technology company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.08. Guidewire Software had a negative return on equity of 1.29% and a negative net margin of 0.62%. The company had revenue of $291.50 million for the quarter, compared to analysts’ expectations of $283.84 million. During the same period last year, the business earned $0.30 EPS. Guidewire Software’s quarterly revenue was up 8.0% compared to the same quarter last year. Research analysts predict that Guidewire Software, Inc. will post 0.53 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on GWRE shares. BTIG Research lifted their price target on shares of Guidewire Software from $140.00 to $165.00 and gave the company a “buy” rating in a report on Friday, August 30th. Oppenheimer lifted their price target on shares of Guidewire Software from $200.00 to $220.00 and gave the company an “outperform” rating in a report on Tuesday. Wells Fargo & Company raised their price objective on shares of Guidewire Software from $205.00 to $215.00 and gave the company an “overweight” rating in a research report on Tuesday. Stifel Nicolaus lifted their price target on shares of Guidewire Software from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a report on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $183.69.

Institutional Investors Weigh In On Guidewire Software

Hedge funds have recently made changes to their positions in the business. Massachusetts Financial Services Co. MA increased its holdings in Guidewire Software by 24.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,426,907 shares of the technology company’s stock worth $626,918,000 after acquiring an additional 679,558 shares during the last quarter. International Assets Investment Management LLC grew its holdings in Guidewire Software by 18,001.5% during the 3rd quarter. International Assets Investment Management LLC now owns 258,128 shares of the technology company’s stock valued at $472,220,000 after buying an additional 256,702 shares in the last quarter. Whale Rock Capital Management LLC grew its holdings in shares of Guidewire Software by 23.4% during the first quarter. Whale Rock Capital Management LLC now owns 1,270,870 shares of the technology company’s stock worth $148,323,000 after purchasing an additional 240,622 shares in the last quarter. Teca Partners LP purchased a new position in shares of Guidewire Software during the second quarter worth about $25,893,000. Finally, Linonia Partnership LP lifted its position in Guidewire Software by 8.4% in the 2nd quarter. Linonia Partnership LP now owns 2,395,601 shares of the technology company’s stock worth $330,329,000 after buying an additional 185,077 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.