Insider Selling: Guidewire Software, Inc. (NYSE:GWRE) Insider Sells $258,129.54 in Stock

Guidewire Software, Inc. (NYSE:GWRE) insider James Winston King sold 1,509 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $171.06, for a total transaction of $258,129.54. Following the completion of the sale, the insider now owns 46,728 shares in the company, valued at $7,993,291.68. This represents a 3.13 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Thursday, December 19th, James Winston King sold 794 shares of Guidewire Software stock. The shares were sold at an average price of $174.43, for a total value of $138,497.42.

Guidewire Software Stock Down 1.4 %

Shares of Guidewire Software stock traded down $2.46 on Thursday, reaching $172.06. The stock had a trading volume of 1,266,162 shares, compared to its average volume of 749,458. Guidewire Software, Inc. has a 1 year low of $102.66 and a 1 year high of $209.15. The company has a 50 day moving average price of $189.77 and a 200 day moving average price of $163.86. The company has a quick ratio of 1.55, a current ratio of 2.66 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $14.37 billion, a P/E ratio of 477.94, a P/E/G ratio of 45.60 and a beta of 1.18.

Institutional Trading of Guidewire Software

Several hedge funds and other institutional investors have recently made changes to their positions in the business. &PARTNERS purchased a new position in shares of Guidewire Software in the 2nd quarter valued at approximately $750,000. Wooster Corthell Wealth Management Inc. purchased a new position in shares of Guidewire Software in the second quarter worth $492,000. Raymond James Trust N.A. lifted its stake in shares of Guidewire Software by 5.5% during the second 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 period. Allspring Global Investments Holdings LLC grew its holdings in shares of Guidewire Software by 4.0% during the second 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 during the last quarter. Finally, RiverPark Advisors LLC grew its holdings in shares of Guidewire Software by 32.8% during the second quarter. RiverPark Advisors LLC now owns 1,541 shares of the technology company’s stock valued at $212,000 after buying an additional 381 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Needham & Company LLC reissued a “hold” rating on shares of Guidewire Software in a report on Friday, December 6th. Citigroup increased their price objective on shares of Guidewire Software from $123.00 to $165.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. JPMorgan Chase & Co. boosted their target price on shares of Guidewire Software from $210.00 to $228.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Stifel Nicolaus increased 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, November 19th. Finally, Royal Bank of Canada lifted their target price on Guidewire Software from $215.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $193.00.

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.