Insider Selling: Guidewire Software, Inc. (NYSE:GWRE) Insider Sells 1,350 Shares of Stock

Guidewire Software, Inc. (NYSE:GWRE) insider John P. Mullen sold 1,350 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $149.03, for a total value of $201,190.50. Following the sale, the insider now directly owns 137,821 shares in the company, valued at approximately $20,539,463.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Guidewire Software Trading Down 0.9 %

GWRE stock traded down $1.38 on Tuesday, hitting $147.02. The company had a trading volume of 521,051 shares, compared to its average volume of 630,519. The stock’s 50-day simple moving average is $140.83 and its 200 day simple moving average is $124.86. The stock has a market cap of $12.15 billion, a price-to-earnings ratio of -1,137.31 and a beta of 1.19. Guidewire Software, Inc. has a 12-month low of $79.00 and a 12-month high of $153.85.

Guidewire Software (NYSE:GWRE) last posted its earnings results on Tuesday, June 4th. The technology company reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.14. Guidewire Software had a negative net margin of 1.11% and a negative return on equity of 1.19%. The firm had revenue of $240.68 million for the quarter, compared to the consensus estimate of $231.46 million. Research analysts forecast that Guidewire Software, Inc. will post -0.31 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Massachusetts Financial Services Co. MA acquired a new stake in shares of Guidewire Software in the fourth quarter worth $105,311,000. Norges Bank purchased a new position in Guidewire Software during the fourth quarter worth about $97,829,000. Whale Rock Capital Management LLC raised its stake in Guidewire Software by 23.4% during the first quarter. Whale Rock Capital Management LLC now owns 1,270,870 shares of the technology company’s stock worth $148,323,000 after purchasing an additional 240,622 shares during the period. Teca Partners LP purchased a new stake in shares of Guidewire Software in the 2nd quarter valued at approximately $25,893,000. Finally, Linonia Partnership LP increased its stake in Guidewire Software by 8.4% during the 2nd quarter. Linonia Partnership LP now owns 2,395,601 shares of the technology company’s stock worth $330,329,000 after buying an additional 185,077 shares during the period.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Wells Fargo & Company upped their price objective on shares of Guidewire Software from $140.00 to $150.00 and gave the stock an “overweight” rating in a report on Friday, June 21st. Robert W. Baird upped their price objective on shares of Guidewire Software from $140.00 to $152.00 and gave the stock an “outperform” rating in a research note on Thursday, June 6th. Royal Bank of Canada increased their price target on shares of Guidewire Software from $130.00 to $170.00 and gave the company an “outperform” rating in a research note on Thursday, June 27th. BTIG Research raised their price objective on shares of Guidewire Software from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, June 5th. Finally, Stifel Nicolaus raised their price objective on shares of Guidewire Software from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, June 5th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $139.62.

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.