Guidewire Software (NYSE:GWRE) Trading Down 5.4% Following Insider Selling

by · The Cerbat Gem

Guidewire Software, Inc. (NYSE:GWRE – Get Free Report)’s share price fell 5.4% on Monday following insider selling activity. The company traded as low as $201.26 and last traded at $199.19. 312,938 shares were traded during mid-day trading, a decline of 65% from the average session volume of 893,242 shares. The stock had previously closed at $210.55.

Specifically, CEO Michael George Rosenbaum sold 1,400 shares of the company’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $210.87, for a total value of $295,218.00. Following the transaction, the chief executive officer directly owned 248,158 shares in the company, valued at approximately $52,329,077.46. This represents a 0.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on GWRE shares. Raymond James Financial reissued an “outperform” rating and issued a $275.00 price objective (up previously from $255.00) on shares of Guidewire Software in a research report on Friday, September 5th. Wells Fargo & Company increased their price target on Guidewire Software from $265.00 to $275.00 and gave the stock an “overweight” rating in a research note on Friday, September 5th. The Goldman Sachs Group raised their price objective on Guidewire Software from $270.00 to $305.00 and gave the stock a “buy” rating in a report on Friday, September 5th. Zacks Research lowered Guidewire Software from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 2nd. Finally, Stifel Nicolaus increased their target price on Guidewire Software from $270.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. Ten investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $272.92.

Check Out Our Latest Analysis on GWRE

Guidewire Software Trading Up 1.6%

The company has a market capitalization of $17.05 billion, a PE ratio of 190.95, a P/E/G ratio of 12.92 and a beta of 1.08. The company has a debt-to-equity ratio of 0.44, a quick ratio of 3.48 and a current ratio of 3.48. The business has a fifty day moving average price of $226.36 and a 200 day moving average price of $228.81.

Guidewire Software (NYSE:GWRE – Get Free Report) last announced its quarterly earnings results on Wednesday, December 3rd. The technology company reported $0.66 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.66. Guidewire Software had a net margin of 7.23% and a return on equity of 10.15%. The firm had revenue of $332.64 million during the quarter, compared to analysts’ expectations of $316.62 million. During the same period in the prior year, the company earned $0.43 EPS. The firm’s revenue was up 26.5% on a year-over-year basis. Analysts expect that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Linonia Partnership LP boosted its position in Guidewire Software by 41.8% during the 1st quarter. Linonia Partnership LP now owns 3,396,310 shares of the technology company’s stock valued at $636,333,000 after purchasing an additional 1,000,709 shares during the period. Qube Research & Technologies Ltd increased its position in Guidewire Software by 3,636.9% in the second quarter. Qube Research & Technologies Ltd now owns 731,467 shares of the technology company’s stock worth $172,224,000 after buying an additional 711,893 shares during the period. Groupama Asset Managment lifted its stake in Guidewire Software by 240.0% in the second quarter. Groupama Asset Managment now owns 850,000 shares of the technology company’s stock valued at $200,132,000 after buying an additional 600,000 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Guidewire Software by 70.4% during the first quarter. Invesco Ltd. now owns 1,427,104 shares of the technology company’s stock valued at $267,382,000 after acquiring an additional 589,424 shares during the period. Finally, Alliancebernstein L.P. grew its position in shares of Guidewire Software by 405.1% during the second quarter. Alliancebernstein L.P. now owns 538,303 shares of the technology company’s stock worth $126,743,000 after acquiring an additional 431,725 shares during the last quarter.

Guidewire Software Company Profile

(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.

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