Guidewire Software, Inc. (NYSE:GWRE) CFO Jeffrey Elliott Cooper Sells 1,956 Shares

Guidewire Software, Inc. (NYSE:GWRE) CFO Jeffrey Elliott Cooper sold 1,956 shares of the stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $189.41, for a total value of $370,485.96. Following the transaction, the chief financial officer now owns 71,538 shares in the company, valued at $13,550,012.58. The trade was a 2.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Wednesday, January 15th, Jeffrey Elliott Cooper sold 300 shares of Guidewire Software stock. The stock was sold at an average price of $174.78, for a total value of $52,434.00.

Guidewire Software Trading Down 1.5 %

Shares of GWRE stock traded down $3.01 during mid-day trading on Thursday, reaching $193.25. 948,391 shares of the stock traded hands, compared to its average volume of 861,534. The stock’s fifty day simple moving average is $196.62 and its two-hundred day simple moving average is $186.78. Guidewire Software, Inc. has a 1-year low of $107.00 and a 1-year high of $219.59. The company has a market cap of $16.21 billion, a price-to-earnings ratio of 536.81, a price-to-earnings-growth ratio of 37.21 and a beta of 1.31. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings results on Thursday, March 6th. The technology company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.44). Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. The firm had revenue of $289.48 million for the quarter, compared to analyst estimates of $285.74 million. On average, research analysts anticipate that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. DA Davidson reiterated a “buy” rating and set a $210.00 price objective on shares of Guidewire Software in a research report on Wednesday, December 4th. Needham & Company LLC reiterated a “hold” rating on shares of Guidewire Software in a research report on Friday, March 7th. Robert W. Baird raised their price target on Guidewire Software from $230.00 to $236.00 and gave the stock an “outperform” rating in a research report on Friday, March 7th. JMP Securities restated a “market outperform” rating and issued a $231.00 price target on shares of Guidewire Software in a research report on Friday, December 6th. Finally, Oppenheimer raised their price target on Guidewire Software from $220.00 to $230.00 and gave the stock 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 ten have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $206.08.

Institutional Trading of Guidewire Software

Hedge funds have recently made changes to their positions in the company. Versant Capital Management Inc acquired a new stake in shares of Guidewire Software during the fourth quarter valued at about $25,000. Assetmark Inc. lifted its stake in shares of 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 acquiring an additional 145 shares during the period. Ossiam acquired a new position in shares of Guidewire Software in the fourth quarter worth approximately $29,000. Point72 Hong Kong Ltd acquired a new position in shares of Guidewire Software in the third quarter worth approximately $33,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Guidewire Software by 101.0% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 197 shares of the technology company’s stock worth $34,000 after acquiring an additional 99 shares during the period.

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.