Insider Selling: Guidewire Software, Inc. (NYSE:GWRE) Insider Sells 794 Shares of Stock

Guidewire Software, Inc. (NYSE:GWRE) insider James Winston King sold 794 shares of the stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $174.43, for a total transaction of $138,497.42. Following the completion of the sale, the insider now directly owns 45,934 shares of the company’s stock, valued at approximately $8,012,267.62. This trade represents a 1.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

James Winston King also recently made the following trade(s):

• On Tuesday, December 17th, James Winston King sold 1,509 shares of Guidewire Software stock. The shares were sold at an average price of $171.06, for a total value of $258,129.54.

Guidewire Software Trading Down 1.4 %

NYSE GWRE traded down $2.46 during mid-day trading on Thursday, hitting $172.06. The company’s stock had a trading volume of 1,266,162 shares, compared to its average volume of 749,458. The firm has a market capitalization of $14.37 billion, a P/E ratio of 477.94, a price-to-earnings-growth ratio of 45.60 and a beta of 1.18. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 1.55. Guidewire Software, Inc. has a 52-week low of $102.66 and a 52-week high of $209.15. The stock’s fifty day simple moving average is $189.77 and its two-hundred day simple moving average is $163.86.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on GWRE. BTIG Research upped their price target on Guidewire Software from $140.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, August 30th. JMP Securities reaffirmed a “market outperform” rating and set a $231.00 price objective on shares of Guidewire Software in a research report on Friday, December 6th. JPMorgan Chase & Co. lifted their target price on shares of Guidewire Software from $210.00 to $228.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Wells Fargo & Company upped their price objective on Guidewire Software from $215.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Finally, Oppenheimer increased their target price on shares of Guidewire Software from $220.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, December 6th. 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 stock. According to data from MarketBeat, Guidewire Software presently has a consensus rating of “Moderate Buy” and an average target price of $193.00.

Hedge Funds Weigh In On Guidewire Software

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Rothschild Investment LLC purchased a new stake in Guidewire Software during the 2nd quarter worth approximately $31,000. Assetmark Inc. raised its stake in Guidewire Software by 537.0% during the 3rd quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock valued at $31,000 after acquiring an additional 145 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of Guidewire Software in the 3rd quarter worth approximately $33,000. Brooklyn Investment Group bought a new position in Guidewire Software during the third quarter valued at about $42,000. Finally, Canada Pension Plan Investment Board acquired a new stake in Guidewire Software during the second quarter valued at approximately $55,000.

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.