Ground Swell Capital LLC Invests $268,000 in Guidewire Software, Inc. (NYSE:GWRE)

Ground Swell Capital LLC bought a new position in Guidewire Software, Inc. (NYSE:GWRE) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 1,942 shares of the technology company’s stock, valued at approximately $268,000.

Other hedge funds also recently bought and sold shares of the company. Truist Financial Corp lifted its stake in Guidewire Software by 10.9% in the 4th quarter. Truist Financial Corp now owns 7,215 shares of the technology company’s stock worth $787,000 after purchasing an additional 709 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Guidewire Software by 1.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 513,104 shares of the technology company’s stock valued at $55,949,000 after acquiring an additional 5,949 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new position in shares of Guidewire Software in the fourth quarter valued at $105,311,000. Inceptionr LLC bought a new stake in shares of Guidewire Software in the 4th quarter worth about $603,000. Finally, Brown Advisory Inc. raised its position in Guidewire Software by 34.1% during the fourth quarter. Brown Advisory Inc. now owns 638,258 shares of the technology company’s stock valued at $69,596,000 after purchasing an additional 162,438 shares during the period.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on GWRE shares. Citigroup lifted their price target on shares of Guidewire Software from $123.00 to $165.00 and gave the stock a “neutral” rating in a research note on Monday. Royal Bank of Canada boosted their target price on shares of Guidewire Software from $170.00 to $180.00 and gave the company an “outperform” rating in a research note on Friday, September 6th. Bank of America raised their price target on shares of Guidewire Software from $80.00 to $95.00 and gave the stock an “underperform” rating in a research note on Wednesday, June 5th. The Goldman Sachs Group upped their target price on shares of Guidewire Software from $146.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. Finally, Oppenheimer lifted their price target on shares of Guidewire Software from $170.00 to $185.00 and gave the company an “outperform” rating in a research note on Friday, September 6th. One analyst has rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $161.69.

Insider Activity

In related news, CFO Jeffrey Elliott Cooper sold 1,765 shares of the firm’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $134.20, for a total value of $236,863.00. Following the transaction, the chief financial officer now directly owns 61,714 shares of the company’s stock, valued at approximately $8,282,018.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CFO Jeffrey Elliott Cooper sold 1,765 shares of the stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $134.20, for a total value of $236,863.00. Following the completion of the sale, the chief financial officer now directly owns 61,714 shares in the company, valued at $8,282,018.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael George Rosenbaum sold 5,582 shares of the business’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $134.54, for a total transaction of $751,002.28. Following the transaction, the chief executive officer now owns 239,793 shares in the company, valued at $32,261,750.22. The disclosure for this sale can be found here. Insiders have sold 13,064 shares of company stock worth $1,782,775 in the last quarter. Corporate insiders own 0.38% of the company’s stock.

Guidewire Software Trading Down 0.4 %

GWRE opened at $167.46 on Wednesday. The firm has a 50 day moving average of $145.80 and a two-hundred day moving average of $128.88. The firm has a market capitalization of $13.84 billion, a PE ratio of -1,288.05 and a beta of 1.18. Guidewire Software, Inc. has a 12-month low of $85.15 and a 12-month high of $171.74.

Guidewire Software (NYSE:GWRE) last posted its earnings results on Thursday, September 5th. The technology company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.08. Guidewire Software had a negative net margin of 0.62% and a negative return on equity of 1.32%. The company had revenue of $291.50 million during the quarter, compared to the consensus estimate of $283.84 million. During the same period in the previous year, the firm posted $0.30 earnings per share. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. As a group, analysts predict that Guidewire Software, Inc. will post 0.38 EPS for the current fiscal year.

About Guidewire Software

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.