Insider Selling: Guidewire Software, Inc. (NYSE:GWRE) Insider Sells $166,266.00 in Stock

Guidewire Software, Inc. (NYSE:GWRE) insider John P. Mullen sold 1,350 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $123.16, for a total value of $166,266.00. Following the completion of the transaction, the insider now owns 146,697 shares in the company, valued at approximately $18,067,202.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Guidewire Software Stock Down 1.4 %

NYSE:GWRE opened at $121.28 on Friday. The stock has a 50 day moving average of $114.93 and a 200-day moving average of $110.44. Guidewire Software, Inc. has a 52 week low of $68.45 and a 52 week high of $125.35. The company has a quick ratio of 3.45, a current ratio of 3.45 and a debt-to-equity ratio of 0.32.

Guidewire Software (NYSE:GWRE) last posted its earnings results on Thursday, March 7th. The technology company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.18) by $0.22. The company had revenue of $240.90 million during the quarter, compared to analyst estimates of $240.93 million. Guidewire Software had a negative return on equity of 3.60% and a negative net margin of 5.48%. Sell-side analysts expect that Guidewire Software, Inc. will post -0.42 EPS for the current year.

Hedge Funds Weigh In On Guidewire Software

Several institutional investors have recently made changes to their positions in GWRE. Vanguard Group Inc. grew its holdings in Guidewire Software by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 8,134,952 shares of the technology company’s stock worth $949,430,000 after buying an additional 67,439 shares in the last quarter. Bamco Inc. NY grew its holdings in Guidewire Software by 0.6% in the 3rd quarter. Bamco Inc. NY now owns 6,238,882 shares of the technology company’s stock worth $561,499,000 after buying an additional 36,895 shares in the last quarter. Wasatch Advisors LP grew its holdings in Guidewire Software by 4.2% in the 1st quarter. Wasatch Advisors LP now owns 2,874,758 shares of the technology company’s stock worth $335,513,000 after buying an additional 115,600 shares in the last quarter. Van ECK Associates Corp grew its holdings in Guidewire Software by 16.2% in the 3rd quarter. Van ECK Associates Corp now owns 2,115,994 shares of the technology company’s stock worth $190,440,000 after buying an additional 294,631 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in Guidewire Software by 141.4% in the 3rd quarter. Invesco Ltd. now owns 1,842,564 shares of the technology company’s stock worth $165,831,000 after buying an additional 1,079,268 shares in the last quarter.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Oppenheimer boosted their price target on Guidewire Software from $115.00 to $130.00 and gave the stock an “outperform” rating in a research note on Thursday, February 22nd. DA Davidson restated a “buy” rating and set a $126.00 price objective on shares of Guidewire Software in a research note on Tuesday, March 5th. Robert W. Baird upped their price objective on Guidewire Software from $131.00 to $140.00 and gave the company an “outperform” rating in a research note on Thursday, March 7th. Finally, Raymond James began coverage on Guidewire Software in a research note on Thursday, February 1st. They set an “outperform” rating and a $125.00 price objective on the stock. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $115.11.

Guidewire Software Company Profile

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.