Insider Selling: Guidewire Software, Inc. (NYSE:GWRE) CFO Sells 300 Shares of Stock

Guidewire Software, Inc. (NYSE:GWRE) CFO Jeffrey Elliott Cooper sold 300 shares of the firm’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 $52,434.00. Following the transaction, the chief financial officer now owns 73,494 shares of the company’s stock, valued at $12,845,281.32. This trade represents a 0.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Jeffrey Elliott Cooper also recently made the following trade(s):

• On Thursday, December 19th, Jeffrey Elliott Cooper sold 1,069 shares of Guidewire Software stock. The stock was sold at an average price of $174.43, for a total value of $186,465.67.
• On Tuesday, December 17th, Jeffrey Elliott Cooper sold 2,828 shares of Guidewire Software stock. The shares were sold at an average price of $171.06, for a total transaction of $483,757.68.

Guidewire Software Trading Up 1.5 %

NYSE:GWRE traded up $2.63 on Wednesday, hitting $174.60. 678,675 shares of the stock were exchanged, compared to its average volume of 781,808. The stock has a market capitalization of $14.58 billion, a price-to-earnings ratio of 485.00, a P/E/G ratio of 46.15 and a beta of 1.23. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 2.66. Guidewire Software, Inc. has a 52 week low of $107.00 and a 52 week high of $209.15. The company’s 50-day moving average price is $183.96 and its 200 day moving average price is $169.34.

Institutional Investors Weigh In On Guidewire Software

A number of institutional investors and hedge funds have recently modified their holdings of GWRE. Versant Capital Management Inc bought a new position in Guidewire Software in the fourth quarter valued at approximately $25,000. Assetmark Inc. boosted its position in shares of 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 last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of Guidewire Software during the third quarter worth $33,000. Brooklyn Investment Group acquired a new stake in shares of Guidewire Software during the third quarter worth $42,000. Finally, Canada Pension Plan Investment Board bought a new stake in Guidewire Software in the second quarter valued at about $55,000.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on GWRE. Royal Bank of Canada lifted their price target on shares of Guidewire Software from $215.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, December 6th. JPMorgan Chase & Co. lifted their target price on shares of Guidewire Software from $210.00 to $228.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. JMP Securities restated a “market outperform” rating and set a $231.00 price target on shares of Guidewire Software in a research report on Friday, December 6th. Wells Fargo & Company lifted their price objective on Guidewire Software from $215.00 to $220.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Finally, Oppenheimer increased their target price on Guidewire Software from $220.00 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 given a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the company 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.