Guidewire Software (NYSE:GWRE) President Sells $1,531,838.00 in Stock

by · The Cerbat Gem

Guidewire Software, Inc. (NYSE:GWRE – Get Free Report) President John Mullen sold 7,975 shares of the business’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $192.08, for a total transaction of $1,531,838.00. Following the completion of the transaction, the president owned 141,983 shares of the company’s stock, valued at approximately $27,272,094.64. This represents a 5.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Guidewire Software Stock Performance

GWRE traded up $0.26 on Wednesday, reaching $193.85. The stock had a trading volume of 1,448,834 shares, compared to its average volume of 919,783. The business’s 50-day moving average price is $223.90 and its two-hundred day moving average price is $228.62. The company has a current ratio of 3.48, a quick ratio of 3.48 and a debt-to-equity ratio of 0.44. Guidewire Software, Inc. has a 12-month low of $165.08 and a 12-month high of $272.60. The company has a market cap of $16.48 billion, a P/E ratio of 184.62, a price-to-earnings-growth ratio of 12.72 and a beta of 1.08.

Guidewire Software (NYSE:GWRE – Get Free Report) last issued its quarterly earnings data on Wednesday, December 3rd. The technology company reported $0.66 EPS for the quarter, meeting the consensus estimate of $0.66. Guidewire Software had a return on equity of 10.15% and a net margin of 7.23%.The company had revenue of $332.64 million for the quarter, compared to analyst estimates of $316.62 million. During the same period last year, the company earned $0.43 earnings per share. Guidewire Software’s quarterly revenue was up 26.5% compared to the same quarter last year. Sell-side analysts forecast that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on GWRE shares. Citigroup increased their target price on shares of Guidewire Software from $242.00 to $245.00 and gave the company a “neutral” rating in a research report on Friday, December 5th. Robert W. Baird raised their target price on shares of Guidewire Software from $270.00 to $288.00 and gave the stock an “outperform” rating in a research note on Friday, September 5th. Wells Fargo & Company upped their price target on Guidewire Software from $265.00 to $275.00 and gave the company an “overweight” rating in a research report on Friday, September 5th. The Goldman Sachs Group increased their price target on Guidewire Software from $270.00 to $305.00 and gave the company a “buy” rating in a report on Friday, September 5th. Finally, Wall Street Zen downgraded Guidewire Software from a “buy” rating to a “hold” rating in a research note on Friday, November 28th. Twelve investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Guidewire Software has a consensus rating of “Moderate Buy” and a consensus price target of $271.29.

Get Our Latest Research Report on GWRE

Institutional Investors Weigh In On Guidewire Software

Several large investors have recently added to or reduced their stakes in GWRE. Linonia Partnership LP increased its holdings 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 worth $636,333,000 after purchasing an additional 1,000,709 shares during the period. Qube Research & Technologies Ltd lifted its position in shares of Guidewire Software by 3,636.9% during the 2nd quarter. Qube Research & Technologies Ltd now owns 731,467 shares of the technology company’s stock worth $172,224,000 after purchasing an additional 711,893 shares during the last quarter. Groupama Asset Managment grew its stake in shares of Guidewire Software by 240.0% during the second quarter. Groupama Asset Managment now owns 850,000 shares of the technology company’s stock worth $200,132,000 after purchasing an additional 600,000 shares in the last quarter. Alliancebernstein L.P. increased its holdings in Guidewire Software by 405.1% in the second quarter. Alliancebernstein L.P. now owns 538,303 shares of the technology company’s stock valued at $126,743,000 after buying an additional 431,725 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new stake in Guidewire Software during the third quarter worth approximately $51,967,000.

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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