Guidewire Software, Inc. (NYSE:GWRE) Insider James Winston King Sells 270 Shares

Guidewire Software, Inc. (NYSE:GWRE) insider James Winston King sold 270 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $174.78, for a total transaction of $47,190.60. Following the completion of the transaction, the insider now directly owns 45,664 shares in the company, valued at $7,981,153.92. This represents a 0.59 % decrease in their position. The sale was disclosed in a legal 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.
• On Tuesday, December 17th, James Winston King sold 1,509 shares of Guidewire Software stock. The stock was sold at an average price of $171.06, for a total value of $258,129.54.

Guidewire Software Stock Up 1.5 %

Shares of GWRE stock opened at $174.60 on Thursday. Guidewire Software, Inc. has a 1 year low of $107.00 and a 1 year high of $209.15. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 2.66. The business’s fifty day moving average is $183.62 and its 200-day moving average is $169.38. The stock has a market cap of $14.58 billion, a PE ratio of 485.00, a price-to-earnings-growth ratio of 46.15 and a beta of 1.23.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on GWRE. Needham & Company LLC reiterated a “hold” rating on shares of Guidewire Software in a research note on Friday, December 6th. 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. JPMorgan Chase & Co. upped their target price on shares of Guidewire Software from $210.00 to $228.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Robert W. Baird lifted their price target on Guidewire Software from $204.00 to $220.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Finally, Oppenheimer increased their price objective on Guidewire Software from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $193.00.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Envestnet Asset Management Inc. lifted its holdings in Guidewire Software by 0.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 203,098 shares of the technology company’s stock valued at $28,005,000 after acquiring an additional 1,626 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Guidewire Software by 23.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,747,349 shares of the technology company’s stock worth $378,832,000 after purchasing an additional 516,942 shares in the last quarter. Wealth Alliance acquired a new stake in Guidewire Software during the second quarter valued at approximately $299,000. SYSTM Wealth Solutions LLC boosted its holdings in Guidewire Software by 34.3% during the second quarter. SYSTM Wealth Solutions LLC now owns 22,861 shares of the technology company’s stock worth $3,152,000 after buying an additional 5,842 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its position in Guidewire Software by 1.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 9,078 shares of the technology company’s stock worth $1,252,000 after buying an additional 116 shares during the last quarter.

About Guidewire Software

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.