Guidewire Software, Inc. (NYSE:GWRE) President Sells $230,080.50 in Stock

Guidewire Software, Inc. (NYSE:GWRE) President John P. Mullen sold 1,350 shares of the business’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $170.43, for a total transaction of $230,080.50. Following the transaction, the president now owns 180,746 shares in the company, valued at $30,804,540.78. The trade was a 0.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Guidewire Software Trading Up 2.3 %

GWRE opened at $176.03 on Friday. Guidewire Software, Inc. has a 52 week low of $102.66 and a 52 week high of $209.15. 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 business has a fifty day simple moving average of $189.58 and a 200-day simple moving average of $164.32. The firm has a market cap of $14.70 billion, a P/E ratio of 488.97, a P/E/G ratio of 45.60 and a beta of 1.18.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on GWRE shares. Stifel Nicolaus boosted their target price on Guidewire Software from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Wells Fargo & Company boosted their price objective on Guidewire Software from $215.00 to $220.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. JMP Securities reaffirmed a “market outperform” rating and issued a $231.00 target price on shares of Guidewire Software in a research note on Friday, December 6th. Robert W. Baird boosted their price target on shares of Guidewire Software from $204.00 to $220.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Finally, Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a research report on Friday, December 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $193.00.

Hedge Funds Weigh In On Guidewire Software

Hedge funds and other institutional investors have recently bought and sold shares of the company. Assetmark Inc. increased its stake in Guidewire Software by 537.0% during the third quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock worth $31,000 after purchasing an additional 145 shares during the period. Point72 Hong Kong Ltd acquired a new position in shares of Guidewire Software in the third quarter valued at approximately $33,000. Rothschild Investment LLC purchased a new stake in Guidewire Software during the 2nd quarter worth approximately $31,000. Brooklyn Investment Group acquired a new stake in Guidewire Software during the 3rd quarter worth approximately $42,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in Guidewire Software by 21.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 345 shares of the technology company’s stock valued at $63,000 after buying an additional 60 shares during the period.

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.