Insider Selling: Guidewire Software (NYSE:GWRE) CFO Sells 1,232 Shares of Stock

by · The Markets Daily

Guidewire Software, Inc. (NYSE:GWRE – Get Free Report) CFO Jeffrey Elliott Cooper sold 1,232 shares of the business’s stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $195.00, for a total value of $240,240.00. Following the transaction, the chief financial officer owned 72,969 shares of the company’s stock, valued at approximately $14,228,955. The trade was a 1.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Jeffrey Elliott Cooper also recently made the following trade(s):

  • On Tuesday, December 16th, Jeffrey Elliott Cooper sold 2,872 shares of Guidewire Software stock. The stock was sold at an average price of $192.08, for a total value of $551,653.76.

Guidewire Software Price Performance

Shares of GWRE traded up $3.53 during trading hours on Thursday, reaching $197.46. 996,907 shares of the company’s stock traded hands, compared to its average volume of 920,099. Guidewire Software, Inc. has a 12 month low of $165.08 and a 12 month high of $272.60. The company has a current ratio of 3.48, a quick ratio of 3.48 and a debt-to-equity ratio of 0.44. The stock has a market cap of $16.79 billion, a PE ratio of 188.06, a price-to-earnings-growth ratio of 12.68 and a beta of 1.08. The firm’s 50 day simple moving average is $223.17 and its 200-day simple moving average is $228.38.

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

Institutional Trading of Guidewire Software

A number of institutional investors have recently made changes to their positions in the stock. HighTower Advisors LLC grew its holdings in shares of Guidewire Software by 5.2% in the first quarter. HighTower Advisors LLC now owns 9,212 shares of the technology company’s stock worth $1,726,000 after purchasing an additional 456 shares during the last quarter. Northwest & Ethical Investments L.P. increased its position in shares of Guidewire Software by 300.0% in the first quarter. Northwest & Ethical Investments L.P. now owns 2,400 shares of the technology company’s stock valued at $449,000 after acquiring an additional 1,800 shares during the period. Brooklyn Investment Group raised its stake in shares of Guidewire Software by 38.3% during the first quarter. Brooklyn Investment Group now owns 224 shares of the technology company’s stock valued at $42,000 after acquiring an additional 62 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Guidewire Software by 38.1% during the first quarter. Northern Trust Corp now owns 744,183 shares of the technology company’s stock worth $139,430,000 after purchasing an additional 205,127 shares during the period. Finally, Wellington Management Group LLP grew its stake in shares of Guidewire Software by 1.5% in the first quarter. Wellington Management Group LLP now owns 1,672,767 shares of the technology company’s stock worth $313,410,000 after purchasing an additional 24,991 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on GWRE. Raymond James Financial restated an “outperform” rating and set a $275.00 price objective (up previously from $255.00) on shares of Guidewire Software in a research report on Friday, September 5th. BTIG Research restated a “buy” rating and set a $250.00 price target on shares of Guidewire Software in a research report on Wednesday. Zacks Research cut Guidewire Software from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 2nd. Robert W. Baird increased their price objective on Guidewire Software from $270.00 to $288.00 and gave the company an “outperform” rating in a research report on Friday, September 5th. Finally, Stifel Nicolaus raised their price objective on Guidewire Software from $270.00 to $300.00 and gave the company a “buy” rating in a report on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $271.29.

Read Our Latest Research Report on Guidewire Software

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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