John P. Mullen Sells 700 Shares of Guidewire Software, Inc. (NYSE:GWRE) Stock

Guidewire Software, Inc. (NYSE:GWRE) President John P. Mullen sold 700 shares of the business’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $210.00, for a total transaction of $147,000.00. Following the completion of the sale, the president now owns 177,746 shares of the company’s stock, valued at approximately $37,326,660. This represents a 0.39 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Guidewire Software Stock Performance

Guidewire Software stock traded up $0.74 during trading hours on Friday, hitting $205.34. 13,926,135 shares of the stock traded hands, compared to its average volume of 1,832,404. The firm’s 50 day moving average price is $182.34 and its 200-day moving average price is $171.07. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66. The stock has a market capitalization of $17.15 billion, a price-to-earnings ratio of 570.40, a P/E/G ratio of 47.71 and a beta of 1.23. Guidewire Software, Inc. has a 1 year low of $107.00 and a 1 year high of $212.00.

Hedge Funds Weigh In On Guidewire Software

Several institutional investors and hedge funds have recently modified their holdings of GWRE. Versant Capital Management Inc purchased a new position in shares of Guidewire Software in the 4th quarter valued at about $25,000. Assetmark Inc. grew its holdings in Guidewire Software by 537.0% in the third 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 period. Point72 Hong Kong Ltd purchased a new stake in shares of Guidewire Software in the third quarter valued at approximately $33,000. Brooklyn Investment Group acquired a new position in shares of Guidewire Software during the 3rd quarter worth approximately $42,000. Finally, R Squared Ltd purchased a new position in shares of Guidewire Software during the 4th quarter valued at approximately $47,000.

Analyst Ratings Changes

GWRE has been the subject of a number of recent research reports. The Goldman Sachs Group assumed coverage on shares of Guidewire Software in a research note on Thursday. They issued a “buy” rating and a $210.00 price objective for the company. Needham & Company LLC reissued a “hold” rating on shares of Guidewire Software in a research report on Friday, December 6th. Wells Fargo & Company raised their price objective on Guidewire Software from $215.00 to $220.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Oppenheimer increased their price target on shares of Guidewire Software from $220.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Finally, Stifel Nicolaus lifted their price objective on shares of Guidewire Software from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $196.08.

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.