Guidewire Software, Inc. (NYSE:GWRE) CFO Jeffrey Elliott Cooper Sells 10,334 Shares

Guidewire Software, Inc. (NYSE:GWRE) CFO Jeffrey Elliott Cooper sold 10,334 shares of Guidewire Software stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $172.16, for a total value of $1,779,101.44. Following the sale, the chief financial officer now directly owns 83,367 shares of the company’s stock, valued at $14,352,462.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Jeffrey Elliott Cooper also recently made the following trade(s):

• On Thursday, September 19th, Jeffrey Elliott Cooper sold 4,956 shares of Guidewire Software stock. The stock was sold at an average price of $172.70, for a total value of $855,901.20.

Guidewire Software Price Performance

GWRE stock opened at $174.54 on Friday. The stock has a market capitalization of $14.43 billion, a P/E ratio of -1,342.62 and a beta of 1.18. Guidewire Software, Inc. has a fifty-two week low of $85.15 and a fifty-two week high of $176.00. The business has a 50-day moving average of $151.15 and a 200-day moving average of $131.80.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings results on Thursday, September 5th. The technology company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.08. The firm had revenue of $291.50 million during the quarter, compared to the consensus estimate of $283.84 million. Guidewire Software had a negative return on equity of 1.32% and a negative net margin of 0.62%. The business’s revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.30 EPS. Equities analysts expect that Guidewire Software, Inc. will post 0.49 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on GWRE shares. DA Davidson reiterated a “buy” rating and issued a $168.00 price target on shares of Guidewire Software in a research report on Friday, September 6th. The Goldman Sachs Group lifted their price target on shares of Guidewire Software from $146.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Wells Fargo & Company upped their price objective on shares of Guidewire Software from $175.00 to $185.00 and gave the company an “overweight” rating in a research report on Friday, September 6th. Citigroup lifted their target price on Guidewire Software from $123.00 to $165.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. Finally, BTIG Research increased their price target on Guidewire Software from $140.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, August 30th. One research analyst has rated the stock with a sell rating, three 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 a consensus rating of “Moderate Buy” and a consensus price target of $161.69.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC bought a new stake in Guidewire Software during the 2nd quarter worth about $429,000. Cetera Investment Advisers increased its position in shares of Guidewire Software by 2.1% in the second quarter. Cetera Investment Advisers now owns 18,489 shares of the technology company’s stock valued at $2,549,000 after acquiring an additional 372 shares during the last quarter. Quarry LP bought a new stake in Guidewire Software during the second quarter worth about $77,000. Creative Planning raised its holdings in Guidewire Software by 26.1% during the second quarter. Creative Planning now owns 13,211 shares of the technology company’s stock worth $1,822,000 after acquiring an additional 2,731 shares in the last quarter. Finally, Algert Global LLC acquired a new position in Guidewire Software during the second quarter valued at approximately $1,099,000.

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.