Insider Selling: Guidewire Software, Inc. (NYSE:GWRE) CFO Sells 2,828 Shares of Stock

Guidewire Software, Inc. (NYSE:GWRE) CFO Jeffrey Elliott Cooper sold 2,828 shares of the company’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $171.06, for a total transaction of $483,757.68. Following the transaction, the chief financial officer now directly owns 74,911 shares in the company, valued at approximately $12,814,275.66. This trade represents a 3.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Thursday, December 19th, Jeffrey Elliott Cooper sold 1,069 shares of Guidewire Software stock. The stock was sold at an average price of $174.43, for a total transaction of $186,465.67.

Guidewire Software Price Performance

Guidewire Software stock traded down $2.46 during midday trading on Thursday, reaching $172.06. 1,266,162 shares of the company were exchanged, compared to its average volume of 749,458. The company has a market capitalization of $14.37 billion, a price-to-earnings ratio of 477.94, a P/E/G ratio of 45.60 and a beta of 1.18. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 2.66. The firm’s 50-day simple moving average is $189.77 and its 200-day simple moving average is $163.86. Guidewire Software, Inc. has a 1 year low of $102.66 and a 1 year high of $209.15.

Institutional Investors Weigh In On Guidewire Software

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Rothschild Investment LLC acquired a new position in Guidewire Software in the second quarter valued at $31,000. Assetmark Inc. boosted its stake in Guidewire Software by 537.0% in the 3rd quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock worth $31,000 after buying an additional 145 shares during the last quarter. Point72 Hong Kong Ltd purchased a new stake in Guidewire Software in the 3rd quarter valued at about $33,000. Brooklyn Investment Group acquired a new position in shares of Guidewire Software during the 3rd quarter valued at about $42,000. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Guidewire Software during the 2nd quarter worth about $55,000.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on GWRE shares. JMP Securities reiterated a “market outperform” rating and set a $231.00 price target on shares of Guidewire Software in a research report on Friday, December 6th. JPMorgan Chase & Co. lifted their price objective on Guidewire Software from $210.00 to $228.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Royal Bank of Canada boosted their target price on Guidewire Software from $215.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. DA Davidson restated a “buy” rating and issued a $210.00 price target on shares of Guidewire Software in a research report on Wednesday, December 4th. Finally, Citigroup boosted their price objective on shares of Guidewire Software from $123.00 to $165.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $193.00.

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.