Guidewire Software, Inc. (NYSE:GWRE) Insider James Winston King Sells 270 Shares

Guidewire Software, Inc. (NYSE:GWRE) insider James Winston King sold 270 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $174.78, for a total value of $47,190.60. Following the sale, the insider now owns 45,664 shares in the company, valued at approximately $7,981,153.92. The trade was a 0.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

James Winston King also recently made the following trade(s):

• On Thursday, December 19th, James Winston King sold 794 shares of Guidewire Software stock. The stock was sold at an average price of $174.43, for a total transaction of $138,497.42.
• On Tuesday, December 17th, James Winston King sold 1,509 shares of Guidewire Software stock. The shares were sold at an average price of $171.06, for a total transaction of $258,129.54.

Guidewire Software Stock Performance

GWRE stock opened at $174.60 on Thursday. The firm has a 50 day moving average of $183.62 and a two-hundred day moving average of $169.38. Guidewire Software, Inc. has a 12 month low of $107.00 and a 12 month high of $209.15. The company 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.

Institutional Investors Weigh In On Guidewire Software

Large investors have recently bought and sold shares of the business. Versant Capital Management Inc acquired a new stake in shares of Guidewire Software in the fourth quarter worth about $25,000. Assetmark Inc. raised its stake in shares of Guidewire Software by 537.0% in the 3rd quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock valued at $31,000 after acquiring an additional 145 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in Guidewire Software in the 3rd quarter worth approximately $33,000. Brooklyn Investment Group acquired a new stake in Guidewire Software in the 3rd quarter worth approximately $42,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in Guidewire Software by 21.1% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 345 shares of the technology company’s stock worth $63,000 after purchasing an additional 60 shares during the period.

Analysts Set New Price Targets

Several brokerages have issued reports on GWRE. JPMorgan Chase & Co. boosted their target price on shares of Guidewire Software from $210.00 to $228.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Robert W. Baird increased their price objective on Guidewire Software from $204.00 to $220.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Stifel Nicolaus raised their price objective on Guidewire Software from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Needham & Company LLC reiterated a “hold” rating on shares of Guidewire Software in a report on Friday, December 6th. Finally, DA Davidson restated a “buy” rating and set a $210.00 price target on shares of Guidewire Software in a report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock has an average 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.