Guidewire Software, Inc. (NYSE:GWRE) President Sells $230,080.50 in Stock

Guidewire Software, Inc. (NYSE:GWRE) President John P. Mullen sold 1,350 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $170.43, for a total value of $230,080.50. Following the transaction, the president now owns 180,746 shares of the company’s stock, valued at $30,804,540.78. This trade represents a 0.74 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Guidewire Software Stock Up 2.3 %

Guidewire Software stock opened at $176.03 on Monday. 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 market cap of $14.70 billion, a P/E ratio of 488.97, a P/E/G ratio of 45.60 and a beta of 1.18. The business has a fifty day moving average of $189.58 and a two-hundred day moving average of $164.97. Guidewire Software, Inc. has a twelve month low of $102.66 and a twelve month high of $209.15.

Institutional Investors Weigh In On Guidewire Software

A number of hedge funds have recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. grew its stake in Guidewire Software by 21.1% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 345 shares of the technology company’s stock valued at $63,000 after purchasing an additional 60 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Guidewire Software by 4.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,050 shares of the technology company’s stock valued at $283,000 after buying an additional 79 shares in the last quarter. CIBC Asset Management Inc grew its position in shares of Guidewire Software by 3.7% in the 3rd quarter. CIBC Asset Management Inc now owns 2,451 shares of the technology company’s stock worth $448,000 after buying an additional 87 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in shares of Guidewire Software by 1.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 9,078 shares of the technology company’s stock worth $1,252,000 after acquiring an additional 116 shares in the last quarter. Finally, Legacy Advisors LLC lifted its position in Guidewire Software by 1.6% during the second quarter. Legacy Advisors LLC now owns 8,329 shares of the technology company’s stock valued at $1,148,000 after acquiring an additional 135 shares during the last quarter.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on GWRE shares. Robert W. Baird boosted their price objective on Guidewire Software from $204.00 to $220.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Oppenheimer boosted their target price on shares of Guidewire Software from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. JMP Securities reaffirmed a “market outperform” rating and issued a $231.00 price target on shares of Guidewire Software in a research note on Friday, December 6th. Stifel Nicolaus boosted their price objective on shares of Guidewire Software from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Finally, DA Davidson restated a “buy” rating and issued a $210.00 target price on shares of Guidewire Software in a research note on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target 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.