Guidewire Software, Inc. (NYSE:GWRE) CFO Jeffrey Elliott Cooper Sells 1,253 Shares of Stock

Guidewire Software, Inc. (NYSE:GWREGet Rating) CFO Jeffrey Elliott Cooper sold 1,253 shares of the company’s stock in a transaction dated Friday, June 17th. The stock was sold at an average price of $72.18, for a total transaction of $90,441.54. Following the completion of the transaction, the chief financial officer now owns 42,945 shares in the company, valued at $3,099,770.10. The sale was disclosed in a filing with the SEC, which is available through this link.

NYSE:GWRE opened at $72.96 on Friday. Guidewire Software, Inc. has a 52 week low of $69.61 and a 52 week high of $130.95. The firm has a 50 day moving average of $81.80 and a 200 day moving average of $93.59. The company has a debt-to-equity ratio of 0.24, a current ratio of 4.45 and a quick ratio of 4.45.

Guidewire Software (NYSE:GWREGet Rating) last posted its quarterly earnings results on Tuesday, June 7th. The technology company reported ($0.26) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.02. The business had revenue of $197.45 million during the quarter, compared to analysts’ expectations of $187.73 million. Guidewire Software had a negative net margin of 18.86% and a negative return on equity of 7.80%. The business’s quarterly revenue was up 20.4% on a year-over-year basis. During the same quarter last year, the company posted ($0.39) earnings per share. Equities research analysts anticipate that Guidewire Software, Inc. will post -1.93 EPS for the current year.

A number of equities analysts have commented on the stock. BTIG Research dropped their target price on shares of Guidewire Software from $146.00 to $125.00 in a research note on Wednesday, March 9th. Robert W. Baird lowered their price target on shares of Guidewire Software from $118.00 to $89.00 and set a “neutral” rating for the company in a research report on Thursday. Royal Bank of Canada initiated coverage on shares of Guidewire Software in a research report on Tuesday, April 19th. They issued an “outperform” rating and a $125.00 price target for the company. Citigroup lowered their price target on shares of Guidewire Software from $89.00 to $88.00 and set a “neutral” rating for the company in a research report on Wednesday, June 8th. Finally, StockNews.com cut shares of Guidewire Software from a “hold” rating to a “sell” rating in a research report on Saturday. Three analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $109.60.

Several hedge funds and other institutional investors have recently bought and sold shares of GWRE. Rovin Capital UT ADV increased its stake in shares of Guidewire Software by 7.9% in the first quarter. Rovin Capital UT ADV now owns 5,178 shares of the technology company’s stock worth $490,000 after acquiring an additional 377 shares during the period. Fortitude Advisory Group L.L.C. increased its stake in shares of Guidewire Software by 94.4% in the first quarter. Fortitude Advisory Group L.L.C. now owns 414 shares of the technology company’s stock worth $38,000 after acquiring an additional 201 shares during the period. Linscomb & Williams Inc. increased its stake in shares of Guidewire Software by 4.0% in the first quarter. Linscomb & Williams Inc. now owns 16,843 shares of the technology company’s stock worth $1,593,000 after acquiring an additional 655 shares during the period. Beacon Pointe Advisors LLC increased its stake in shares of Guidewire Software by 262.0% in the first quarter. Beacon Pointe Advisors LLC now owns 10,314 shares of the technology company’s stock worth $976,000 after acquiring an additional 7,465 shares during the period. Finally, Point72 Hong Kong Ltd increased its stake in shares of Guidewire Software by 215.4% in the first quarter. Point72 Hong Kong Ltd now owns 9,566 shares of the technology company’s stock worth $905,000 after acquiring an additional 6,533 shares during the period.

About Guidewire Software (Get Rating)

Guidewire Software, Inc provides software products for property and casualty insurers worldwide. The company offers Guidewire InsuranceSuite comprising Guidewire PolicyCenter, BillingCenter, and ClaimCenter 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.

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