Guidewire Software, Inc. (NYSE:GWRE) President Sells $1,225,644.90 in Stock

Guidewire Software, Inc. (NYSE:GWRE) President John P. Mullen sold 7,165 shares of the stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $171.06, for a total value of $1,225,644.90. Following the completion of the sale, the president now owns 182,096 shares in the company, valued at $31,149,341.76. This trade represents a 3.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Guidewire Software Stock Up 1.2 %

Shares of NYSE:GWRE opened at $174.52 on Thursday. The stock has a market capitalization of $14.58 billion, a P/E ratio of 484.78, a price-to-earnings-growth ratio of 45.60 and a beta of 1.18. The stock’s 50-day moving average price is $189.99 and its 200-day moving average price is $163.80. 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 Upgrades and Downgrades

Several research firms have weighed in on GWRE. DA Davidson reaffirmed a “buy” rating and issued a $210.00 price target on shares of Guidewire Software in a report on Wednesday, December 4th. Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a research note on Friday, December 6th. JMP Securities reiterated a “market outperform” rating and set a $231.00 target price on shares of Guidewire Software in a research report on Friday, December 6th. JPMorgan Chase & Co. increased their price target on shares of Guidewire Software from $210.00 to $228.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Finally, Royal Bank of Canada lifted their price objective on shares of Guidewire Software from $215.00 to $230.00 and gave the stock 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 company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $193.00.

Institutional Investors Weigh In On Guidewire Software

Several institutional investors have recently bought and sold shares of GWRE. Assetmark Inc. increased its stake in Guidewire Software by 537.0% in the 3rd quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock worth $31,000 after purchasing an additional 145 shares during the period. Point72 Hong Kong Ltd bought a new position in shares of Guidewire Software in the third quarter worth approximately $33,000. Rothschild Investment LLC purchased a new position in shares of Guidewire Software in the second quarter worth $31,000. Brooklyn Investment Group bought a new stake in Guidewire Software during the 3rd quarter valued at $42,000. Finally, DT Investment Partners LLC bought a new stake in Guidewire Software during the 2nd quarter valued at $41,000.

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.