John P. Mullen Sells 3,665 Shares of Guidewire Software, Inc. (NYSE:GWRE) Stock

Guidewire Software, Inc. (NYSE:GWREGet Free Report) insider John P. Mullen sold 3,665 shares of the business’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $111.75, for a total transaction of $409,563.75. Following the completion of the sale, the insider now directly owns 149,397 shares in the company, valued at approximately $16,695,114.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Guidewire Software Trading Up 0.1 %

GWRE opened at $113.55 on Friday. The company has a market cap of $9.35 billion, a P/E ratio of -183.14 and a beta of 1.15. The company has a fifty day moving average price of $115.48 and a two-hundred day moving average price of $102.61. The company has a current ratio of 3.45, a quick ratio of 3.45 and a debt-to-equity ratio of 0.32. Guidewire Software, Inc. has a 1-year low of $68.45 and a 1-year high of $122.35.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on GWRE. Oppenheimer increased their price target on Guidewire Software from $115.00 to $130.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. DA Davidson restated a “buy” rating and set a $126.00 price target on shares of Guidewire Software in a report on Tuesday, March 5th. Robert W. Baird upped their price objective on shares of Guidewire Software from $131.00 to $140.00 and gave the company an “outperform” rating in a research note on Thursday, March 7th. Wells Fargo & Company raised shares of Guidewire Software from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, December 20th. Finally, Raymond James initiated coverage on shares of Guidewire Software in a research report on Thursday, February 1st. They set an “outperform” rating and a $125.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $115.11.

View Our Latest Research Report on Guidewire Software

Institutional Trading of Guidewire Software

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Comerica Bank acquired a new position in shares of Guidewire Software during the second quarter worth approximately $180,000. Transcendent Capital Group LLC bought a new stake in Guidewire Software during the 4th quarter valued at $27,000. RiverPark Advisors LLC acquired a new position in Guidewire Software during the fourth quarter worth $27,000. Banque Cantonale Vaudoise acquired a new position in shares of Guidewire Software during the third quarter valued at about $25,000. Finally, CENTRAL TRUST Co acquired a new position in shares of Guidewire Software during the third quarter valued at about $29,000. 98.28% of the stock is owned by institutional investors.

About Guidewire Software

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for Guidewire Software (NYSE:GWRE)

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