Guidewire Software, Inc. (NYSE:GWRE) Director Sells $338,898.42 in Stock

Guidewire Software, Inc. (NYSE:GWRE) Director Michael C. Keller sold 1,939 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $174.78, for a total value of $338,898.42. Following the transaction, the director now owns 14,118 shares in the company, valued at $2,467,544.04. This trade represents a 12.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Guidewire Software Trading Up 1.5 %

Shares of NYSE:GWRE traded up $2.63 on Wednesday, hitting $174.60. The company had a trading volume of 678,675 shares, compared to its average volume of 781,808. The firm’s 50-day simple moving average is $183.96 and its two-hundred day simple moving average is $169.34. The firm has a market capitalization of $14.58 billion, a price-to-earnings ratio of 485.00, a P/E/G ratio of 46.15 and a beta of 1.23. The company has a quick ratio of 1.55, a current ratio of 2.66 and a debt-to-equity ratio of 0.53. Guidewire Software, Inc. has a 1 year low of $107.00 and a 1 year high of $209.15.

Analysts Set New Price Targets

GWRE has been the topic of a number of recent research reports. JMP Securities reiterated a “market outperform” rating and set a $231.00 price target on shares of Guidewire Software in a research report on Friday, December 6th. Robert W. Baird increased their target price on shares of Guidewire Software from $204.00 to $220.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Needham & Company LLC reissued a “hold” rating on shares of Guidewire Software in a research note on Friday, December 6th. Wells Fargo & Company raised their price objective on Guidewire Software from $215.00 to $220.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Finally, Stifel Nicolaus boosted their target price on Guidewire Software from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $193.00.

Hedge Funds Weigh In On Guidewire Software

A number of institutional investors have recently bought and sold shares of GWRE. Icon Wealth Advisors LLC grew its holdings in shares of Guidewire Software by 72.4% during the 3rd quarter. Icon Wealth Advisors LLC now owns 5,984 shares of the technology company’s stock worth $1,095,000 after acquiring an additional 2,512 shares during the period. Whale Rock Capital Management LLC boosted its position in shares of Guidewire Software by 3.3% during the third quarter. Whale Rock Capital Management LLC now owns 972,743 shares of the technology company’s stock valued at $177,954,000 after purchasing an additional 31,512 shares in the last quarter. Cerity Partners LLC grew its stake in Guidewire Software by 326.8% in the third quarter. Cerity Partners LLC now owns 21,799 shares of the technology company’s stock worth $3,988,000 after purchasing an additional 16,692 shares during the period. Xponance Inc. raised its holdings in Guidewire Software by 79.8% in the second quarter. Xponance Inc. now owns 6,908 shares of the technology company’s stock worth $953,000 after purchasing an additional 3,066 shares in the last quarter. Finally, Pallas Capital Advisors LLC lifted its position in Guidewire Software by 219.5% during the third quarter. Pallas Capital Advisors LLC now owns 6,057 shares of the technology company’s stock valued at $1,139,000 after buying an additional 4,161 shares during the period.

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.