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

Guidewire Software, Inc. (NYSE:GWRE) President John P. Mullen sold 1,350 shares of the company’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $187.68, for a total value of $253,368.00. Following the completion of the transaction, the president now directly owns 190,611 shares in the company, valued at $35,773,872.48. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Guidewire Software Stock Performance

Shares of GWRE traded down $1.86 during trading hours on Tuesday, reaching $187.18. The stock had a trading volume of 558,350 shares, compared to its average volume of 698,490. Guidewire Software, Inc. has a 12 month low of $85.15 and a 12 month high of $191.48. The stock has a market capitalization of $15.47 billion, a PE ratio of -1,441.92 and a beta of 1.19. The company’s 50-day moving average is $167.35 and its two-hundred day moving average is $141.99.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings results on Thursday, September 5th. The technology company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.08. Guidewire Software had a negative return on equity of 1.29% and a negative net margin of 0.62%. The company had revenue of $291.50 million during the quarter, compared to analysts’ expectations of $283.84 million. During the same period in the prior year, the company earned $0.30 EPS. Guidewire Software’s revenue was up 8.0% compared to the same quarter last year. Equities analysts anticipate that Guidewire Software, Inc. will post 0.53 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on GWRE shares. DA Davidson reaffirmed a “buy” rating and issued a $168.00 target price on shares of Guidewire Software in a research report on Friday, September 6th. Needham & Company LLC reissued a “hold” rating on shares of Guidewire Software in a research report on Friday, October 11th. Citigroup increased their price target on Guidewire Software from $123.00 to $165.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Stifel Nicolaus increased their price target on Guidewire Software from $175.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Finally, JPMorgan Chase & Co. increased their price target on Guidewire Software from $170.00 to $210.00 and gave the stock an “overweight” rating in a research report on Thursday, October 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $178.62.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Lecap Asset Management Ltd. raised its position in Guidewire Software by 135.8% during the 3rd quarter. Lecap Asset Management Ltd. now owns 25,554 shares of the technology company’s stock worth $4,675,000 after purchasing an additional 14,715 shares during the last quarter. Signaturefd LLC raised its position in Guidewire Software by 2.4% during the 3rd quarter. Signaturefd LLC now owns 6,051 shares of the technology company’s stock worth $1,107,000 after purchasing an additional 139 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in Guidewire Software by 3.2% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 28,484 shares of the technology company’s stock worth $5,211,000 after purchasing an additional 884 shares during the last quarter. Whittier Trust Co. raised its position in Guidewire Software by 4.6% during the 3rd quarter. Whittier Trust Co. now owns 57,256 shares of the technology company’s stock worth $10,474,000 after purchasing an additional 2,534 shares during the last quarter. Finally, Trust Point Inc. raised its position in Guidewire Software by 2.1% during the 3rd quarter. Trust Point Inc. now owns 7,277 shares of the technology company’s stock worth $1,331,000 after purchasing an additional 152 shares during the last quarter.

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.