Guidewire Software, Inc. (NYSE:GWRE) President Sells $626,370.00 in Stock

Guidewire Software, Inc. (NYSE:GWRE) President John P. Mullen sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $208.79, for a total value of $626,370.00. Following the transaction, the president now owns 174,746 shares of the company’s stock, valued at $36,485,217.34. This represents a 1.69 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Guidewire Software Trading Up 2.1 %

NYSE GWRE traded up $4.47 on Tuesday, reaching $217.15. 940,885 shares of the company were exchanged, compared to its average volume of 1,624,440. Guidewire Software, Inc. has a fifty-two week low of $107.00 and a fifty-two week high of $218.01. The stock has a market capitalization of $18.14 billion, a P/E ratio of 603.19, a price-to-earnings-growth ratio of 54.93 and a beta of 1.25. The business’s fifty day moving average price is $184.05 and its 200 day moving average price is $175.43. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of GWRE. Versant Capital Management Inc purchased a new position in shares of Guidewire Software in the fourth quarter valued at approximately $25,000. Assetmark Inc. raised its stake in shares of Guidewire Software by 537.0% during the 3rd quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock worth $31,000 after buying an additional 145 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of Guidewire Software in the 3rd quarter worth approximately $33,000. Brooklyn Investment Group acquired a new stake in shares of Guidewire Software in the third quarter valued at approximately $42,000. Finally, R Squared Ltd purchased a new stake in Guidewire Software in the 4th quarter worth approximately $47,000.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on GWRE. The Goldman Sachs Group initiated coverage on Guidewire Software in a research report on Thursday, January 23rd. They issued a “buy” rating and a $210.00 price target for the company. Stifel Nicolaus upped their price target on shares of Guidewire Software from $200.00 to $220.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Robert W. Baird increased their price objective on shares of Guidewire Software from $204.00 to $220.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. DA Davidson restated a “buy” rating and set a $210.00 target price on shares of Guidewire Software in a research report on Wednesday, December 4th. Finally, Wells Fargo & Company increased their price target on Guidewire Software from $215.00 to $220.00 and gave the stock 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 ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $202.00.

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.