Jeffrey Elliott Cooper Sells 1,765 Shares of Guidewire Software, Inc. (NYSE:GWRE) Stock

Guidewire Software, Inc. (NYSE:GWRE) CFO Jeffrey Elliott Cooper sold 1,765 shares of the stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $134.20, for a total value of $236,863.00. Following the completion of the sale, the chief financial officer now directly owns 61,714 shares in the company, valued at approximately $8,282,018.80. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• On Tuesday, June 18th, Jeffrey Elliott Cooper sold 3,017 shares of Guidewire Software stock. The stock was sold at an average price of $134.54, for a total value of $405,907.18.

Guidewire Software Price Performance

Guidewire Software stock opened at $134.86 on Thursday. The stock has a 50-day simple moving average of $121.79 and a 200-day simple moving average of $115.80. Guidewire Software, Inc. has a fifty-two week low of $71.84 and a fifty-two week high of $138.15.

Institutional Investors Weigh In On Guidewire Software

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GWRE. Cetera Investment Advisers grew its position in shares of Guidewire Software by 648.0% during the first quarter. Cetera Investment Advisers now owns 18,117 shares of the technology company’s stock worth $2,114,000 after acquiring an additional 15,695 shares during the last quarter. Comerica Bank grew its position in Guidewire Software by 61.7% during the 1st quarter. Comerica Bank now owns 25,024 shares of the technology company’s stock worth $2,921,000 after purchasing an additional 9,546 shares during the last quarter. Motley Fool Asset Management LLC purchased a new position in Guidewire Software during the 1st quarter worth $3,826,000. Vancity Investment Management Ltd increased its stake in Guidewire Software by 15.1% in the first quarter. Vancity Investment Management Ltd now owns 10,808 shares of the technology company’s stock valued at $1,261,000 after purchasing an additional 1,417 shares during the period. Finally, Jacobs Levy Equity Management Inc. raised its holdings in shares of Guidewire Software by 1.4% in the first quarter. Jacobs Levy Equity Management Inc. now owns 630,335 shares of the technology company’s stock valued at $73,566,000 after buying an additional 8,995 shares during the last quarter.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. BTIG Research lifted their price target on shares of Guidewire Software from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, June 5th. Royal Bank of Canada reiterated an “outperform” rating and set a $130.00 target price on shares of Guidewire Software in a research note on Wednesday, June 5th. Bank of America increased their target price on Guidewire Software from $80.00 to $95.00 and gave the company an “underperform” rating in a report on Wednesday, June 5th. Robert W. Baird lifted their price target on Guidewire Software from $140.00 to $152.00 and gave the stock an “outperform” rating in a report on Thursday, June 6th. Finally, Citigroup increased their price objective on Guidewire Software from $109.00 to $122.00 and gave the company a “neutral” rating in a report on Tuesday, June 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Guidewire Software has an average rating of “Moderate Buy” and an average target price of $130.00.

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.