Guidewire Software, Inc. (NYSE:GWRE) President Sells $147,000.00 in Stock

Guidewire Software, Inc. (NYSE:GWRE) President John P. Mullen sold 700 shares of Guidewire Software stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $210.00, for a total value of $147,000.00. Following the completion of the sale, the president now directly owns 177,746 shares in the company, valued at $37,326,660. This represents a 0.39 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Guidewire Software Price Performance

NYSE:GWRE opened at $205.34 on Friday. Guidewire Software, Inc. has a 12-month low of $107.00 and a 12-month high of $212.00. The firm has a market capitalization of $17.15 billion, a price-to-earnings ratio of 570.40, a P/E/G ratio of 47.71 and a beta of 1.23. The stock’s 50 day moving average price is $182.60 and its two-hundred day moving average price is $171.75. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53.

Institutional Investors Weigh In On Guidewire Software

Large investors have recently added to or reduced their stakes in the business. Atomi Financial Group Inc. raised its position in shares of Guidewire Software by 22.2% in the fourth quarter. Atomi Financial Group Inc. now owns 2,688 shares of the technology company’s stock valued at $453,000 after purchasing an additional 488 shares during the period. Donoghue Forlines LLC bought a new stake in shares of Guidewire Software during the 4th quarter worth about $2,110,000. Icon Wealth Advisors LLC grew its stake in Guidewire Software by 72.4% in the 3rd quarter. Icon Wealth Advisors LLC now owns 5,984 shares of the technology company’s stock valued at $1,095,000 after buying an additional 2,512 shares during the last quarter. Whale Rock Capital Management LLC raised its holdings in Guidewire Software by 3.3% in the 3rd quarter. Whale Rock Capital Management LLC now owns 972,743 shares of the technology company’s stock valued at $177,954,000 after acquiring an additional 31,512 shares during the period. Finally, Cerity Partners LLC lifted its position in Guidewire Software by 326.8% during the third quarter. Cerity Partners LLC now owns 21,799 shares of the technology company’s stock worth $3,988,000 after acquiring an additional 16,692 shares during the last quarter.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. DA Davidson reissued a “buy” rating and issued a $210.00 target price on shares of Guidewire Software in a research report on Wednesday, December 4th. Needham & Company LLC reissued a “hold” rating on shares of Guidewire Software in a research report on Friday, December 6th. JMP Securities reaffirmed a “market outperform” rating and issued a $231.00 target price on shares of Guidewire Software in a research report on Friday, December 6th. Oppenheimer boosted their price target on shares of Guidewire Software from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Finally, The Goldman Sachs Group started coverage on Guidewire Software in a report on Thursday. They issued a “buy” rating and a $210.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $196.08.

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.