Guidewire Software, Inc. (NYSE:GWRE – Get Rating) insider James Winston King sold 3,110 shares of the firm’s stock in a transaction on Monday, September 19th. The stock was sold at an average price of $62.82, for a total value of $195,370.20. Following the completion of the sale, the insider now directly owns 43,907 shares of the company’s stock, valued at approximately $2,758,237.74. The transaction 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 Tuesday, June 21st, James Winston King sold 1,166 shares of Guidewire Software stock. The stock was sold at an average price of $73.13, for a total value of $85,269.58.
Guidewire Software Price Performance
Shares of Guidewire Software stock opened at $63.20 on Tuesday. The company has a quick ratio of 4.45, a current ratio of 4.45 and a debt-to-equity ratio of 0.24. Guidewire Software, Inc. has a twelve month low of $62.06 and a twelve month high of $128.98. The business has a 50-day moving average price of $73.94 and a 200 day moving average price of $79.96. The firm has a market cap of $5.30 billion, a PE ratio of -29.12 and a beta of 1.31.
Analysts Set New Price Targets
A number of analysts have recently weighed in on GWRE shares. Stifel Nicolaus lowered their price objective on Guidewire Software from $100.00 to $85.00 in a research report on Wednesday, June 8th. Oppenheimer reissued an “initiates” rating on shares of Guidewire Software in a research report on Wednesday, July 27th. Wells Fargo & Company lowered their price target on Guidewire Software from $75.00 to $65.00 and set an “underweight” rating for the company in a research report on Wednesday, September 7th. Royal Bank of Canada lowered their price target on Guidewire Software from $125.00 to $100.00 in a research report on Wednesday, September 7th. Finally, Citigroup lowered their price target on Guidewire Software from $88.00 to $79.00 and set a “neutral” rating for the company in a research report on Monday, September 12th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $93.60.
Institutional Investors Weigh In On Guidewire Software
Several large investors have recently bought and sold shares of GWRE. Van ECK Associates Corp increased its stake in Guidewire Software by 22.9% during the 2nd quarter. Van ECK Associates Corp now owns 2,135,539 shares of the technology company’s stock worth $151,602,000 after buying an additional 398,155 shares in the last quarter. Jarislowsky Fraser Ltd boosted its holdings in shares of Guidewire Software by 33.1% during the 1st quarter. Jarislowsky Fraser Ltd now owns 1,376,447 shares of the technology company’s stock worth $130,239,000 after purchasing an additional 342,391 shares during the last quarter. DF Dent & Co. Inc. boosted its holdings in shares of Guidewire Software by 32.2% during the 2nd quarter. DF Dent & Co. Inc. now owns 1,399,871 shares of the technology company’s stock worth $99,377,000 after purchasing an additional 341,273 shares during the last quarter. Route One Investment Company L.P. boosted its holdings in shares of Guidewire Software by 14.6% during the 1st quarter. Route One Investment Company L.P. now owns 2,245,730 shares of the technology company’s stock worth $212,491,000 after purchasing an additional 286,750 shares during the last quarter. Finally, Woodline Partners LP acquired a new position in shares of Guidewire Software during the 1st quarter worth approximately $21,836,000. 99.36% of the stock is currently owned by hedge funds and other institutional investors.
About Guidewire Software
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.
- Get a free copy of the StockNews.com research report on Guidewire Software (GWRE)
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