Guidewire Software, Inc. (NYSE:GWRE) President John P. Mullen Sells 3,000 Shares

Guidewire Software, Inc. (NYSE:GWRE) President John P. Mullen sold 3,000 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $208.79, for a total transaction of $626,370.00. Following the completion of the sale, the president now owns 174,746 shares in the company, valued at $36,485,217.34. This represents a 1.69 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Guidewire Software Price Performance

Shares of GWRE opened at $218.12 on Thursday. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53. Guidewire Software, Inc. has a twelve month low of $107.00 and a twelve month high of $218.60. The stock has a market capitalization of $18.22 billion, a P/E ratio of 605.90, a P/E/G ratio of 54.93 and a beta of 1.25. The company has a 50 day moving average of $184.37 and a 200-day moving average of $175.73.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on GWRE shares. Oppenheimer boosted their price target on shares of Guidewire Software from $220.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. JPMorgan Chase & Co. boosted their target price on Guidewire Software from $210.00 to $228.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. The Goldman Sachs Group began coverage on Guidewire Software in a report on Thursday, January 23rd. They set a “buy” rating and a $210.00 price target for the company. Royal Bank of Canada boosted their price objective on Guidewire Software from $215.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Finally, DA Davidson restated a “buy” rating and issued a $210.00 target price on shares of Guidewire Software in a research note on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $202.00.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Versant Capital Management Inc bought a new stake in Guidewire Software during the 4th quarter worth about $25,000. Assetmark Inc. increased its position in shares of Guidewire Software by 537.0% in the third quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock valued at $31,000 after acquiring an additional 145 shares during the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of Guidewire Software in the third quarter valued at about $33,000. Brooklyn Investment Group bought a new stake in Guidewire Software during the third quarter worth about $42,000. Finally, R Squared Ltd acquired a new position in Guidewire Software during the fourth quarter valued at approximately $47,000.

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.