Insider Selling: Guidewire Software, Inc. (NYSE:GWRE) Director Sells 1,939 Shares of Stock

Guidewire Software, Inc. (NYSE:GWRE) Director Michael C. Keller sold 1,939 shares of the business’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 $338,898.42. Following the transaction, the director now owns 14,118 shares in the company, valued at approximately $2,467,544.04. This trade represents a 12.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Guidewire Software Price Performance

Shares of NYSE:GWRE opened at $178.66 on Friday. The company has a 50-day moving average price of $182.99 and a two-hundred day moving average price of $169.73. Guidewire Software, Inc. has a twelve month low of $107.00 and a twelve month high of $209.15. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $14.92 billion, a PE ratio of 496.27, a P/E/G ratio of 44.47 and a beta of 1.23.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Versant Capital Management Inc purchased a new stake in shares of Guidewire Software during the fourth quarter worth $25,000. Assetmark Inc. raised its stake in shares of Guidewire Software by 537.0% during the 3rd quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock valued at $31,000 after purchasing an additional 145 shares during the period. Point72 Hong Kong Ltd purchased a new stake in Guidewire Software during the 3rd quarter worth about $33,000. Brooklyn Investment Group bought a new position in Guidewire Software in the 3rd quarter worth about $42,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in Guidewire Software by 21.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 345 shares of the technology company’s stock valued at $63,000 after buying an additional 60 shares in the last quarter.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on GWRE. Oppenheimer boosted their target price on Guidewire Software from $220.00 to $230.00 and gave the stock an “outperform” rating 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 stock an “outperform” rating in a research report on Tuesday, November 19th. Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a research note on Friday, December 6th. DA Davidson reiterated a “buy” rating and set a $210.00 target price on shares of Guidewire Software in a research note on Wednesday, December 4th. Finally, Wells Fargo & Company increased their price target on shares of Guidewire Software from $215.00 to $220.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, Guidewire Software has a consensus rating of “Moderate Buy” and an average target price 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.