Crescent Park Management L.P. Sells 14,584 Shares of Guidewire Software, Inc. $GWRE

Crescent Park Management L.P. decreased its holdings in Guidewire Software, Inc. (NYSE:GWRE) by 70.2% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,185 shares of the technology company’s stock after selling 14,584 shares during the quarter. Guidewire Software accounts for approximately 0.5% of Crescent Park Management L.P.’s holdings, making the stock its 26th biggest holding. Crescent Park Management L.P.’s holdings in Guidewire Software were worth $1,159,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in GWRE. SBI Securities Co. Ltd. increased its stake in Guidewire Software by 403.8% in the first quarter. SBI Securities Co. Ltd. now owns 131 shares of the technology company’s stock valued at $25,000 after acquiring an additional 105 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings in Guidewire Software by 70.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 170 shares of the technology company’s stock valued at $32,000 after purchasing an additional 70 shares in the last quarter. Dunhill Financial LLC acquired a new stake in Guidewire Software during the first quarter valued at approximately $33,000. Brooklyn Investment Group grew its stake in shares of Guidewire Software by 38.3% in the 1st quarter. Brooklyn Investment Group now owns 224 shares of the technology company’s stock valued at $42,000 after purchasing an additional 62 shares during the period. Finally, Colonial Trust Co SC raised its holdings in shares of Guidewire Software by 176.0% in the 4th quarter. Colonial Trust Co SC now owns 287 shares of the technology company’s stock worth $48,000 after buying an additional 183 shares in the last quarter.

Guidewire Software Trading Up 0.4%

GWRE opened at $213.9350 on Friday. Guidewire Software, Inc. has a 1-year low of $142.94 and a 1-year high of $263.20. The stock has a market capitalization of $18.01 billion, a PE ratio of 534.84, a PEG ratio of 15.02 and a beta of 1.16. The company has a current ratio of 3.23, a quick ratio of 3.23 and a debt-to-equity ratio of 0.49. The firm has a 50-day moving average price of $225.65 and a two-hundred day moving average price of $211.65.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings results on Tuesday, June 3rd. The technology company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.47 by $0.41. The business had revenue of $293.51 million for the quarter, compared to analysts’ expectations of $286.40 million. Guidewire Software had a net margin of 3.04% and a return on equity of 6.96%. Guidewire Software’s revenue was up 22.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.26 earnings per share. Guidewire Software has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, equities analysts anticipate that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

Insider Buying and Selling at Guidewire Software

In other news, CEO Michael George Rosenbaum sold 1,400 shares of the company’s stock in a transaction on Monday, July 21st. The stock was sold at an average price of $222.31, for a total transaction of $311,234.00. Following the transaction, the chief executive officer owned 231,668 shares of the company’s stock, valued at $51,502,113.08. This represents a 0.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider James Winston King sold 2,482 shares of the firm’s stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $220.65, for a total value of $547,653.30. Following the completion of the transaction, the insider owned 37,441 shares in the company, valued at approximately $8,261,356.65. This represents a 6.22% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 26,541 shares of company stock worth $6,034,187. Insiders own 0.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on GWRE. Citigroup raised their target price on Guidewire Software from $199.00 to $247.00 and gave the stock a “neutral” rating in a research report on Thursday, June 5th. The Goldman Sachs Group increased their price objective on Guidewire Software from $235.00 to $270.00 and gave the stock a “buy” rating in a research note on Wednesday, June 4th. Wall Street Zen upgraded shares of Guidewire Software from a “hold” rating to a “buy” rating in a research note on Friday, June 6th. Raymond James Financial upped their target price on shares of Guidewire Software from $225.00 to $255.00 and gave the stock an “outperform” rating in a report on Wednesday, June 4th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Guidewire Software in a report on Wednesday, June 4th. Ten investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Guidewire Software currently has a consensus rating of “Moderate Buy” and a consensus price target of $250.92.

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.