Guidewire Software, Inc. (NYSE:GWRE) President John P. Mullen Sells 7,165 Shares

Guidewire Software, Inc. (NYSE:GWRE) President John P. Mullen sold 7,165 shares of the stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total value of $1,225,644.90. Following the sale, the president now owns 182,096 shares in the company, valued at approximately $31,149,341.76. This trade represents a 3.79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Guidewire Software Stock Performance

Shares of NYSE GWRE traded up $2.03 during trading on Wednesday, reaching $174.52. The stock had a trading volume of 2,391,480 shares, compared to its average volume of 747,338. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 2.66. The stock has a market cap of $14.58 billion, a PE ratio of 484.78, a P/E/G ratio of 45.60 and a beta of 1.18. Guidewire Software, Inc. has a one year low of $102.66 and a one year high of $209.15. The firm’s 50 day moving average price is $189.99 and its two-hundred day moving average price is $163.80.

Institutional Trading of Guidewire Software

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Assetmark Inc. lifted its position in Guidewire Software by 537.0% in the 3rd quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock valued at $31,000 after purchasing an additional 145 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in shares of Guidewire Software in the third quarter worth $33,000. Rothschild Investment LLC bought a new position in Guidewire Software in the 2nd quarter valued at about $31,000. Brooklyn Investment Group bought a new stake in shares of Guidewire Software during the 3rd quarter worth about $42,000. Finally, DT Investment Partners LLC bought a new position in shares of Guidewire Software in the second quarter valued at approximately $41,000.

Wall Street Analyst Weigh In

GWRE has been the subject of several analyst reports. Stifel Nicolaus boosted their target price on shares of Guidewire Software from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Robert W. Baird lifted their target price on shares of Guidewire Software from $204.00 to $220.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Needham & Company LLC reissued a “hold” rating on shares of Guidewire Software in a research note on Friday, December 6th. JPMorgan Chase & Co. lifted their price objective on Guidewire Software from $210.00 to $228.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Finally, Wells Fargo & Company upped their target price on Guidewire Software from $215.00 to $220.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $193.00.

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.