John P. Mullen Sells 3,000 Shares of Guidewire Software, Inc. (NYSE:GWRE) Stock

Guidewire Software, Inc. (NYSE:GWRE) President John P. Mullen sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $208.79, for a total value of $626,370.00. Following the transaction, the president now owns 174,746 shares in the company, valued at $36,485,217.34. The trade was a 1.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Guidewire Software Stock Performance

NYSE GWRE opened at $217.15 on Wednesday. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53. Guidewire Software, Inc. has a fifty-two week low of $107.00 and a fifty-two week high of $218.01. The business has a fifty day moving average of $184.05 and a 200-day moving average of $175.43. The stock has a market cap of $18.14 billion, a price-to-earnings ratio of 603.19, a price-to-earnings-growth ratio of 54.93 and a beta of 1.25.

Institutional Trading of Guidewire Software

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company boosted its stake in shares of Guidewire Software by 17.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 23,660 shares of the technology company’s stock worth $3,262,000 after purchasing an additional 3,462 shares during the last quarter. Creative Planning boosted its position in Guidewire Software by 26.1% during the second quarter. Creative Planning now owns 13,211 shares of the technology company’s stock worth $1,822,000 after acquiring an additional 2,731 shares during the last quarter. Cetera Investment Advisers grew its stake in Guidewire Software by 2.1% in the 2nd quarter. Cetera Investment Advisers now owns 18,489 shares of the technology company’s stock worth $2,549,000 after acquiring an additional 372 shares during the period. Sanctuary Advisors LLC acquired a new position in Guidewire Software in the 2nd quarter valued at $429,000. Finally, GAMMA Investing LLC lifted its stake in shares of Guidewire Software by 21.8% during the 3rd quarter. GAMMA Investing LLC now owns 926 shares of the technology company’s stock worth $169,000 after purchasing an additional 166 shares during the period.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on GWRE shares. Royal Bank of Canada increased their price objective on Guidewire Software from $215.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. DA Davidson reiterated a “buy” rating and issued a $210.00 price target on shares of Guidewire Software in a report on Wednesday, December 4th. The Goldman Sachs Group began coverage on shares of Guidewire Software in a report on Thursday, January 23rd. They set a “buy” rating and a $210.00 price objective on the stock. JPMorgan Chase & Co. increased their target price on shares of Guidewire Software from $210.00 to $228.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Finally, JMP Securities reissued a “market outperform” rating and set a $231.00 price target on shares of Guidewire Software in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $202.00.

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.