Guidewire Software, Inc. (NYSE:GWRE) CFO Jeffrey Elliott Cooper Sells 1,069 Shares

Guidewire Software, Inc. (NYSE:GWRE) CFO Jeffrey Elliott Cooper sold 1,069 shares of the business’s stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $174.43, for a total transaction of $186,465.67. Following the transaction, the chief financial officer now directly owns 73,842 shares in the company, valued at approximately $12,880,260.06. The trade was a 1.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

• 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 Stock Down 1.4 %

Shares of NYSE GWRE traded down $2.46 during midday trading on Thursday, hitting $172.06. The stock had a trading volume of 1,266,162 shares, compared to its average volume of 749,458. The company has a market cap of $14.37 billion, a P/E ratio of 477.94, a PEG ratio of 45.60 and a beta of 1.18. The company has a quick ratio of 1.55, a current ratio of 2.66 and a debt-to-equity ratio of 0.53. The business’s 50 day moving average is $189.77 and its 200-day moving average is $163.86. Guidewire Software, Inc. has a 52 week low of $102.66 and a 52 week high of $209.15.

Institutional Trading of Guidewire Software

A number of institutional investors and hedge funds have recently modified their holdings of GWRE. Massachusetts Financial Services Co. MA raised its holdings in shares of Guidewire Software by 24.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,426,907 shares of the technology company’s stock valued at $626,918,000 after purchasing an additional 679,558 shares during the last quarter. Linonia Partnership LP raised its stake in Guidewire Software by 8.4% during the 2nd quarter. Linonia Partnership LP now owns 2,395,601 shares of the technology company’s stock valued at $330,329,000 after buying an additional 185,077 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Guidewire Software by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,330,074 shares of the technology company’s stock valued at $243,580,000 after buying an additional 6,223 shares during the period. Whale Rock Capital Management LLC lifted its holdings in shares of Guidewire Software by 3.3% during 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 buying an additional 31,512 shares during the period. Finally, Jacobs Levy Equity Management Inc. boosted its stake in shares of Guidewire Software by 7.6% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 764,400 shares of the technology company’s stock worth $139,839,000 after buying an additional 53,967 shares during the last quarter.

Analyst Ratings Changes

Several analysts have commented on the stock. Stifel Nicolaus raised their price objective on shares of Guidewire Software from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. BTIG Research raised their target price on Guidewire Software from $140.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Robert W. Baird upped their price target on Guidewire Software from $204.00 to $220.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Needham & Company LLC reissued a “hold” rating on shares of Guidewire Software in a research report on Friday, December 6th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Guidewire Software from $210.00 to $228.00 and gave the company an “overweight” 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 issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $193.00.

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.