Guidewire Software, Inc. (NYSE:GWRE) Insider Sells $47,190.60 in Stock

Guidewire Software, Inc. (NYSE:GWRE) insider James Winston King sold 270 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $174.78, for a total transaction of $47,190.60. Following the completion of the sale, the insider now directly owns 45,664 shares of the company’s stock, valued at $7,981,153.92. This represents a 0.59 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

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 transaction of $138,497.42.
• On Tuesday, December 17th, James Winston King sold 1,509 shares of Guidewire Software stock. The shares were sold at an average price of $171.06, for a total transaction of $258,129.54.

Guidewire Software Stock Up 1.5 %

Shares of NYSE:GWRE traded up $2.63 during trading on Wednesday, hitting $174.60. The company’s stock had a trading volume of 678,675 shares, compared to its average volume of 781,808. Guidewire Software, Inc. has a fifty-two week low of $107.00 and a fifty-two week high of $209.15. The business has a 50 day moving average price of $183.96 and a two-hundred day moving average price of $169.34. 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 company has a market capitalization of $14.58 billion, a PE ratio of 485.00, a P/E/G ratio of 46.15 and a beta of 1.23.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Versant Capital Management Inc acquired a new stake in Guidewire Software in the 4th quarter valued at about $25,000. Assetmark Inc. increased its stake in shares of 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 buying an additional 145 shares during the period. Point72 Hong Kong Ltd acquired a new stake in Guidewire Software in the third quarter valued at approximately $33,000. Brooklyn Investment Group purchased a new position in Guidewire Software in the third quarter worth approximately $42,000. Finally, Canada Pension Plan Investment Board acquired a new position in Guidewire Software during the 2nd quarter worth approximately $55,000.

Analyst Ratings Changes

GWRE has been the subject of several recent analyst reports. Robert W. Baird raised their target price on Guidewire Software from $204.00 to $220.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Wells Fargo & Company boosted their price objective on shares of Guidewire Software from $215.00 to $220.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Oppenheimer increased their target price on shares of Guidewire Software from $220.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Stifel Nicolaus boosted their price target 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. Finally, JPMorgan Chase & Co. increased their price objective on shares of Guidewire Software from $210.00 to $228.00 and gave the stock an “overweight” rating in a research report 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 issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $193.00.

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.