Guidewire Software, Inc. (NYSE:GWRE) Insider Sells $199,069.91 in Stock

Guidewire Software, Inc. (NYSE:GWRE) insider James Winston King sold 1,051 shares of the firm’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $189.41, for a total transaction of $199,069.91. Following the completion of the sale, the insider now owns 44,613 shares of the company’s stock, valued at $8,450,148.33. This trade represents a 2.30 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

James Winston King also recently made the following trade(s):

• On Wednesday, January 15th, James Winston King sold 270 shares of Guidewire Software stock. The shares were sold at an average price of $174.78, for a total transaction of $47,190.60.
• 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.

Guidewire Software Stock Performance

Shares of NYSE GWRE opened at $193.25 on Friday. The company has a market cap of $16.21 billion, a PE ratio of 536.81, a price-to-earnings-growth ratio of 37.21 and a beta of 1.31. Guidewire Software, Inc. has a 12 month low of $107.00 and a 12 month high of $219.59. 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 company has a 50-day simple moving average of $197.06 and a 200-day simple moving average of $186.82.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings results on Thursday, March 6th. The technology company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.44). The firm had revenue of $289.48 million for the quarter, compared to analysts’ expectations of $285.74 million. Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. On average, equities analysts anticipate that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Institutional Investors Weigh In On Guidewire Software

A number of institutional investors have recently bought and sold shares of the stock. Smartleaf Asset Management LLC grew its holdings in Guidewire Software by 10.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 595 shares of the technology company’s stock valued at $100,000 after purchasing an additional 56 shares during the period. Hanseatic Management Services Inc. grew its holdings in Guidewire Software by 12.1% in the fourth quarter. Hanseatic Management Services Inc. now owns 539 shares of the technology company’s stock valued at $91,000 after purchasing an additional 58 shares during the period. Norden Group LLC grew its holdings in Guidewire Software by 5.2% in the fourth quarter. Norden Group LLC now owns 1,232 shares of the technology company’s stock valued at $208,000 after purchasing an additional 61 shares during the period. Argonautica Private Wealth Management Inc. grew its holdings in Guidewire Software by 1.9% in the fourth quarter. Argonautica Private Wealth Management Inc. now owns 4,040 shares of the technology company’s stock valued at $681,000 after purchasing an additional 75 shares during the period. Finally, True Wealth Design LLC grew its holdings in Guidewire Software by 14.4% in the fourth quarter. True Wealth Design LLC now owns 677 shares of the technology company’s stock valued at $114,000 after purchasing an additional 85 shares during the period.

Analyst Ratings Changes

Several analysts recently commented on GWRE shares. DA Davidson reiterated a “buy” rating and issued a $210.00 price objective on shares of Guidewire Software in a research note on Wednesday, December 4th. Needham & Company LLC reiterated a “hold” rating on shares of Guidewire Software in a research note on Friday, March 7th. The Goldman Sachs Group raised their price objective on shares of Guidewire Software from $210.00 to $240.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Robert W. Baird lifted their target price on shares of Guidewire Software from $230.00 to $236.00 and gave the stock an “outperform” rating in a research report on Friday, March 7th. Finally, Wells Fargo & Company lifted their target price on shares of Guidewire Software from $215.00 to $220.00 and gave the stock an “overweight” rating 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 ten have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $206.08.

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.