Insider Selling: Guidewire Software, Inc. (NYSE:GWRE) President Sells 3,000 Shares of Stock

Guidewire Software, Inc. (NYSE:GWRE) President John P. Mullen sold 3,000 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $208.79, for a total transaction of $626,370.00. Following the transaction, the president now owns 174,746 shares of the company’s stock, valued at $36,485,217.34. This represents a 1.69 % 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 this link.

Guidewire Software Stock Down 0.4 %

GWRE stock opened at $217.41 on Friday. The company has a market cap of $18.16 billion, a price-to-earnings ratio of 603.90, a PEG ratio of 54.93 and a beta of 1.25. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53. Guidewire Software, Inc. has a 12 month low of $107.00 and a 12 month high of $219.49. The firm has a 50-day moving average of $184.68 and a two-hundred day moving average of $176.02.

Analysts Set New Price Targets

A number of research analysts have weighed in on GWRE shares. Royal Bank of Canada upped their price objective on shares of Guidewire Software from $215.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Robert W. Baird upped their price objective on shares of Guidewire Software from $204.00 to $220.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Oppenheimer upped their price objective on shares of Guidewire Software from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. JMP Securities reiterated 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, DA Davidson reiterated a “buy” rating and issued a $210.00 price objective on shares of Guidewire Software in a research report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Guidewire Software currently has an average rating of “Moderate Buy” and an average price target of $202.00.

Institutional Trading of Guidewire Software

A number of hedge funds have recently bought and sold shares of GWRE. The Manufacturers Life Insurance Company raised its holdings in Guidewire Software by 17.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 23,660 shares of the technology company’s stock valued at $3,262,000 after acquiring an additional 3,462 shares during the last quarter. Creative Planning raised its holdings in Guidewire Software by 26.1% in the 2nd quarter. Creative Planning now owns 13,211 shares of the technology company’s stock valued at $1,822,000 after acquiring an additional 2,731 shares during the last quarter. Cetera Investment Advisers raised its holdings in Guidewire Software by 2.1% in the 2nd quarter. Cetera Investment Advisers now owns 18,489 shares of the technology company’s stock valued at $2,549,000 after acquiring an additional 372 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Guidewire Software during the 2nd quarter worth approximately $429,000. Finally, GAMMA Investing LLC increased its holdings in shares of Guidewire Software by 21.8% during the 3rd quarter. GAMMA Investing LLC now owns 926 shares of the technology company’s stock worth $169,000 after buying an additional 166 shares during the last quarter.

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.