Insider Selling: Guidewire Software, Inc. (NYSE:GWRE) Insider Sells 794 Shares of Stock

Guidewire Software, Inc. (NYSE:GWRE) insider James Winston King sold 794 shares of the company’s stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $174.43, for a total value of $138,497.42. Following the transaction, the insider now directly owns 45,934 shares of the company’s stock, valued at $8,012,267.62. This represents a 1.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• 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 value of $258,129.54.

Guidewire Software Price Performance

Shares of NYSE GWRE opened at $176.03 on Friday. The company has a current ratio of 2.66, a quick ratio of 1.55 and a debt-to-equity ratio of 0.53. The business’s 50 day moving average is $189.77 and its 200-day moving average is $163.86. Guidewire Software, Inc. has a 1-year low of $102.66 and a 1-year high of $209.15. The firm has a market cap of $14.70 billion, a P/E ratio of 488.97, a price-to-earnings-growth ratio of 45.60 and a beta of 1.18.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on GWRE shares. Robert W. Baird raised their target price on shares of Guidewire Software from $204.00 to $220.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Oppenheimer lifted their target price on Guidewire Software from $220.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Citigroup increased their price target on Guidewire Software from $123.00 to $165.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. BTIG Research raised their price target on Guidewire Software from $140.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Finally, Wells Fargo & Company upped their price objective on Guidewire Software from $215.00 to $220.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Guidewire Software presently has an average rating of “Moderate Buy” and a consensus target price of $193.00.

Institutional Trading of Guidewire Software

Institutional investors have recently bought and sold shares of the business. Massachusetts Financial Services Co. MA increased its holdings in shares of Guidewire Software by 24.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,426,907 shares of the technology company’s stock worth $626,918,000 after purchasing an additional 679,558 shares during the period. 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 acquiring an additional 185,077 shares during the period. Geode Capital Management LLC raised its holdings in Guidewire Software by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,330,074 shares of the technology company’s stock valued at $243,580,000 after acquiring an additional 6,223 shares in the last quarter. Whale Rock Capital Management LLC raised its holdings in Guidewire Software by 3.3% in the 3rd quarter. Whale Rock Capital Management LLC now owns 972,743 shares of the technology company’s stock valued at $177,954,000 after acquiring an additional 31,512 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its position in shares of Guidewire Software by 7.6% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 764,400 shares of the technology company’s stock valued at $139,839,000 after acquiring an additional 53,967 shares during the period.

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.