Insider Selling: Guidewire Software, Inc. (NYSE:GWRE) President Sells 700 Shares of Stock

Guidewire Software, Inc. (NYSE:GWRE) President John P. Mullen sold 700 shares of Guidewire Software stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $210.00, for a total value of $147,000.00. Following the completion of the transaction, the president now owns 177,746 shares of the company’s stock, valued at approximately $37,326,660. This represents a 0.39 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Guidewire Software Price Performance

Shares of GWRE opened at $205.34 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66. The stock has a market capitalization of $17.15 billion, a PE ratio of 570.40, a PEG ratio of 47.71 and a beta of 1.23. The company has a 50 day moving average price of $182.60 and a 200-day moving average price of $171.52. Guidewire Software, Inc. has a fifty-two week low of $107.00 and a fifty-two week high of $212.00.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on GWRE shares. Oppenheimer lifted their target price on Guidewire Software from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Royal Bank of Canada increased their target price on shares of Guidewire Software from $215.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Robert W. Baird lifted their price target on shares of Guidewire Software from $204.00 to $220.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. JMP Securities reaffirmed a “market outperform” rating and issued a $231.00 price objective on shares of Guidewire Software in a research report on Friday, December 6th. Finally, Stifel Nicolaus raised their price target on shares of Guidewire Software from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $196.08.

Institutional Investors Weigh In On Guidewire Software

A number of hedge funds have recently made changes to their positions in GWRE. Trust Point Inc. raised its holdings in Guidewire Software by 23.3% in the fourth quarter. Trust Point Inc. now owns 8,976 shares of the technology company’s stock worth $1,513,000 after purchasing an additional 1,699 shares in the last quarter. GDS Wealth Management boosted its stake in Guidewire Software by 618.5% in the fourth quarter. GDS Wealth Management now owns 18,752 shares of the technology company’s stock valued at $3,161,000 after acquiring an additional 16,142 shares in the last quarter. Conestoga Capital Advisors LLC increased its position in shares of Guidewire Software by 1.6% during the fourth quarter. Conestoga Capital Advisors LLC now owns 238,790 shares of the technology company’s stock worth $40,255,000 after purchasing an additional 3,715 shares in the last quarter. Chicago Partners Investment Group LLC purchased a new stake in shares of Guidewire Software during the 4th quarter valued at $336,000. Finally, Custom Index Systems LLC acquired a new stake in shares of Guidewire Software in the 4th quarter worth $436,000.

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.