Guidewire Software, Inc. (NYSE:GWRE) President Sells $147,000.00 in Stock

Guidewire Software, Inc. (NYSE:GWRE) President John P. Mullen sold 700 shares of the business’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $210.00, for a total transaction of $147,000.00. Following the transaction, the president now owns 177,746 shares in the company, valued at $37,326,660. This represents a 0.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Guidewire Software Trading Up 0.4 %

Shares of NYSE:GWRE opened at $205.34 on Monday. The business’s 50 day simple moving average is $182.60 and its 200 day simple moving average is $171.99. Guidewire Software, Inc. has a 1 year low of $107.00 and a 1 year high of $212.00. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66. The company has a market capitalization of $17.15 billion, a P/E ratio of 570.40, a P/E/G ratio of 47.71 and a beta of 1.23.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of GWRE. Versant Capital Management Inc acquired a new stake in Guidewire Software during the fourth quarter worth about $25,000. Assetmark Inc. lifted its holdings 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 acquiring an additional 145 shares during the period. Point72 Hong Kong Ltd acquired a new stake in shares of Guidewire Software during the 3rd quarter worth approximately $33,000. Brooklyn Investment Group bought a new position in Guidewire Software in the third quarter valued at approximately $42,000. Finally, R Squared Ltd bought a new position in Guidewire Software in the fourth quarter valued at approximately $47,000.

Analyst Upgrades and Downgrades

GWRE has been the topic of several research analyst reports. JPMorgan Chase & Co. upped their price objective on Guidewire Software from $210.00 to $228.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Wells Fargo & Company raised their price target on Guidewire Software from $215.00 to $220.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Royal Bank of Canada upped their price objective on shares of Guidewire Software from $215.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, December 6th. The Goldman Sachs Group started coverage on shares of Guidewire Software in a research report on Thursday. They issued a “buy” rating and a $210.00 price objective on the stock. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a report on Friday, December 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Guidewire Software presently has an average rating of “Moderate Buy” and a consensus target price of $196.08.

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.