Guidewire Software, Inc. (NYSE:GWRE) Insider Sells $47,190.60 in Stock

Guidewire Software, Inc. (NYSE:GWRE) insider James Winston King sold 270 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $174.78, for a total value of $47,190.60. Following the completion of the sale, the insider now owns 45,664 shares of the company’s stock, valued at $7,981,153.92. This trade represents a 0.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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 stock was sold at an average price of $174.43, for a total value of $138,497.42.
• 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 transaction of $258,129.54.

Guidewire Software Trading Down 0.6 %

NYSE GWRE opened at $178.66 on Friday. The company has a market capitalization of $14.92 billion, a PE ratio of 496.27, a price-to-earnings-growth ratio of 44.47 and a beta of 1.23. Guidewire Software, Inc. has a 1-year low of $107.00 and a 1-year high of $209.15. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53. The firm’s fifty day simple moving average is $182.99 and its 200-day simple moving average is $169.73.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on GWRE shares. Robert W. Baird boosted their target price on Guidewire Software from $204.00 to $220.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. DA Davidson reaffirmed a “buy” rating and set a $210.00 price objective on shares of Guidewire Software in a research note on Wednesday, December 4th. Needham & Company LLC reissued a “hold” rating on shares of Guidewire Software in a research report on Friday, December 6th. Stifel Nicolaus upped their price target on shares of Guidewire Software from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Finally, JMP Securities reiterated a “market outperform” rating and set a $231.00 price objective on shares of Guidewire Software in a research report on Friday, December 6th. 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 company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $193.00.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Versant Capital Management Inc acquired a new stake in shares of Guidewire Software during the 4th quarter valued at about $25,000. Assetmark Inc. raised its position in Guidewire Software by 537.0% during the third 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 Guidewire Software in the third quarter valued at approximately $33,000. Brooklyn Investment Group bought a new stake in Guidewire Software in the third quarter worth approximately $42,000. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Guidewire Software during the 2nd quarter worth $55,000.

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.