John P. Mullen Sells 2,300 Shares of Guidewire Software, Inc. (NYSE:GWRE) Stock

Guidewire Software, Inc. (NYSE:GWRE) President John P. Mullen sold 2,300 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $203.13, for a total transaction of $467,199.00. Following the completion of the sale, the president now directly owns 172,446 shares of the company’s stock, valued at approximately $35,028,955.98. This represents a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Guidewire Software Stock Performance

Shares of GWRE stock opened at $197.52 on Thursday. The company has a market capitalization of $16.50 billion, a price-to-earnings ratio of 548.67, a price-to-earnings-growth ratio of 37.21 and a beta of 1.25. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66. Guidewire Software, Inc. has a one year low of $107.00 and a one year high of $219.59. The company’s 50-day moving average is $193.93 and its 200 day moving average is $184.29.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Versant Capital Management Inc purchased a new position in Guidewire Software in the 4th quarter worth approximately $25,000. Ossiam bought a new stake in shares of Guidewire Software in the 4th quarter worth $29,000. Assetmark Inc. raised its stake in shares of Guidewire Software by 537.0% in the third quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock worth $31,000 after purchasing an additional 145 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in shares of Guidewire Software during the third quarter valued at $33,000. Finally, Cullen Frost Bankers Inc. purchased a new stake in shares of Guidewire Software during the fourth quarter valued at $34,000.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. JMP Securities restated a “market outperform” rating and issued a $231.00 price objective on shares of Guidewire Software in a report on Friday, December 6th. The Goldman Sachs Group raised their target price on Guidewire Software from $210.00 to $240.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a research note on Friday, December 6th. DA Davidson reissued a “buy” rating and set a $210.00 price objective on shares of Guidewire Software in a research report on Wednesday, December 4th. Finally, JPMorgan Chase & Co. upped their target price on shares of Guidewire Software from $210.00 to $228.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Guidewire Software has an average rating of “Moderate Buy” and a consensus target price of $204.50.

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.