Guidewire Software, Inc. (NYSE:GWRE) President Sells $1,225,644.90 in Stock

Guidewire Software, Inc. (NYSE:GWRE) President John P. Mullen sold 7,165 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total transaction of $1,225,644.90. Following the completion of the transaction, the president now directly owns 182,096 shares in the company, valued at approximately $31,149,341.76. The trade was a 3.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Guidewire Software Stock Up 2.3 %

Shares of GWRE stock opened at $176.03 on Friday. Guidewire Software, Inc. has a 12-month low of $102.66 and a 12-month high of $209.15. 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 firm has a fifty day moving average of $189.77 and a 200-day moving average of $163.86. The company has a market capitalization of $14.70 billion, a price-to-earnings ratio of 488.97, a P/E/G ratio of 45.60 and a beta of 1.18.

Hedge Funds Weigh In On Guidewire Software

Large investors have recently added to or reduced their stakes in the company. American Trust boosted its position in shares of Guidewire Software by 55.1% during the third quarter. American Trust now owns 2,898 shares of the technology company’s stock worth $530,000 after buying an additional 1,029 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in Guidewire Software in the 3rd quarter valued at approximately $125,000. Sanctuary Advisors LLC boosted its position in Guidewire Software by 79.9% during the 3rd quarter. Sanctuary Advisors LLC now owns 5,599 shares of the technology company’s stock worth $1,135,000 after acquiring an additional 2,487 shares during the last quarter. Virtu Financial LLC grew its stake in shares of Guidewire Software by 649.4% during the 3rd quarter. Virtu Financial LLC now owns 14,650 shares of the technology company’s stock worth $2,680,000 after acquiring an additional 12,695 shares in the last quarter. Finally, Neo Ivy Capital Management bought a new position in shares of Guidewire Software during the 3rd quarter worth approximately $1,774,000.

Analysts Set New Price Targets

A number of research firms have recently weighed in on GWRE. DA Davidson restated a “buy” rating and issued a $210.00 price target on shares of Guidewire Software in a research report on Wednesday, December 4th. Royal Bank of Canada increased their target price on Guidewire Software from $215.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Stifel Nicolaus boosted their target price on Guidewire Software from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. JPMorgan Chase & Co. increased their price target on shares of Guidewire Software from $210.00 to $228.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Finally, JMP Securities reissued a “market outperform” rating and set a $231.00 price objective on shares of Guidewire Software in a research note 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 data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target 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.