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 company’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $171.06, for a total value of $258,129.54. Following the completion of the sale, the insider now owns 46,728 shares of the company’s stock, valued at $7,993,291.68. This trade represents a 3.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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.

Guidewire Software Stock Up 2.3 %

NYSE GWRE opened at $176.03 on Friday. The company has a quick ratio of 1.55, a current ratio of 2.66 and a debt-to-equity ratio of 0.53. Guidewire Software, Inc. has a 52 week low of $102.66 and a 52 week high of $209.15. The firm has a market capitalization of $14.70 billion, a price-to-earnings ratio of 488.97, a PEG ratio of 45.60 and a beta of 1.18. The company has a fifty day moving average of $189.58 and a two-hundred day moving average of $164.32.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on GWRE shares. JMP Securities restated a “market outperform” rating and set a $231.00 target price on shares of Guidewire Software in a research note on Friday, December 6th. Royal Bank of Canada lifted 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. Needham & Company LLC reiterated a “hold” rating on shares of Guidewire Software in a research note on Friday, December 6th. Robert W. Baird boosted their price objective on Guidewire Software from $204.00 to $220.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Finally, JPMorgan Chase & Co. upped their price objective on Guidewire Software from $210.00 to $228.00 and gave the stock an “overweight” rating in a research note 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $193.00.

Hedge Funds Weigh In On Guidewire Software

Several hedge funds have recently added to or reduced their stakes in the company. Rothschild Investment LLC bought a new position in shares of Guidewire Software during the second quarter valued at approximately $31,000. Assetmark Inc. increased its stake in Guidewire Software by 537.0% in the third 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 stake in shares of Guidewire Software during the third quarter worth $33,000. Brooklyn Investment Group purchased a new stake in shares of Guidewire Software during the third quarter valued at $42,000. Finally, Canada Pension Plan Investment Board bought a new position in shares of Guidewire Software in the second quarter worth about $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.