James Winston King Sells 1,509 Shares of Guidewire Software, Inc. (NYSE:GWRE) Stock

Guidewire Software, Inc. (NYSE:GWRE) insider James Winston King sold 1,509 shares of the business’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total transaction of $258,129.54. Following the completion of the transaction, the insider now owns 46,728 shares in the company, valued at approximately $7,993,291.68. The trade was a 3.13 % decrease in their position. 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 Thursday, December 19th, James Winston King sold 794 shares of Guidewire Software stock. The shares were sold at an average price of $174.43, for a total value of $138,497.42.

Guidewire Software Stock Performance

NYSE GWRE opened at $172.06 on Friday. The firm has a market cap of $14.37 billion, a P/E ratio of 477.94, a price-to-earnings-growth ratio of 45.60 and a beta of 1.18. The company has a quick ratio of 1.55, a current ratio of 2.66 and a debt-to-equity ratio of 0.53. The company’s 50 day moving average is $189.77 and its 200-day moving average is $163.86. Guidewire Software, Inc. has a 12-month low of $102.66 and a 12-month high of $209.15.

Hedge Funds Weigh In On Guidewire Software

Large investors have recently made changes to their positions in the stock. &PARTNERS bought a new position in Guidewire Software in the 2nd quarter worth about $750,000. Wooster Corthell Wealth Management Inc. purchased a new stake in shares of Guidewire Software in the second quarter worth about $492,000. Raymond James Trust N.A. boosted its position in shares of Guidewire Software by 5.5% in the second quarter. Raymond James Trust N.A. now owns 16,118 shares of the technology company’s stock valued at $2,223,000 after acquiring an additional 836 shares during the period. Allspring Global Investments Holdings LLC grew its stake in Guidewire Software by 4.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,050 shares of the technology company’s stock valued at $283,000 after acquiring an additional 79 shares in the last quarter. Finally, RiverPark Advisors LLC increased its holdings in Guidewire Software by 32.8% during the 2nd quarter. RiverPark Advisors LLC now owns 1,541 shares of the technology company’s stock worth $212,000 after acquiring an additional 381 shares during the period.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on GWRE shares. Royal Bank of Canada lifted their price objective on shares of Guidewire Software from $215.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. DA Davidson reiterated a “buy” rating and set a $210.00 price objective on shares of Guidewire Software in a report on Wednesday, December 4th. Robert W. Baird raised their target price on Guidewire Software from $204.00 to $220.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Oppenheimer boosted 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. Finally, BTIG Research boosted their price target on shares of Guidewire Software from $140.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, August 30th. 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 company. According to MarketBeat.com, Guidewire Software currently has an average rating of “Moderate Buy” and an average target price 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.