Guidewire Software, Inc. (NYSE:GWRE) President John P. Mullen Sells 3,000 Shares

Guidewire Software, Inc. (NYSE:GWRE) President John P. Mullen sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $208.79, for a total transaction of $626,370.00. Following the completion of the sale, the president now directly owns 174,746 shares in the company, valued at approximately $36,485,217.34. This trade represents a 1.69 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Guidewire Software Stock Up 2.1 %

GWRE stock opened at $217.15 on Wednesday. Guidewire Software, Inc. has a 12 month low of $107.00 and a 12 month high of $218.01. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66. The company has a market cap of $18.14 billion, a price-to-earnings ratio of 603.19, a price-to-earnings-growth ratio of 54.93 and a beta of 1.25. The company has a fifty day moving average price of $184.05 and a 200 day moving average price of $175.43.

Analyst Ratings Changes

A number of brokerages have recently weighed in on GWRE. The Goldman Sachs Group started coverage on shares of Guidewire Software in a report on Thursday, January 23rd. They issued a “buy” rating and a $210.00 price objective on the stock. JMP Securities reaffirmed a “market outperform” rating and set a $231.00 price target on shares of Guidewire Software in a report on Friday, December 6th. JPMorgan Chase & Co. increased their price objective on Guidewire Software from $210.00 to $228.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a research note on Friday, December 6th. Finally, Wells Fargo & Company upped their price target on Guidewire Software from $215.00 to $220.00 and gave the company an “overweight” rating in a report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $202.00.

Institutional Investors Weigh In On Guidewire Software

Institutional investors and hedge funds have recently made changes to their positions in the business. Versant Capital Management Inc acquired a new position in Guidewire Software in the 4th quarter valued at about $25,000. Assetmark Inc. increased its holdings in shares of Guidewire Software by 537.0% in the third quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock valued at $31,000 after purchasing an additional 145 shares during the period. Point72 Hong Kong Ltd purchased a new stake in shares of Guidewire Software during the third quarter worth approximately $33,000. Brooklyn Investment Group acquired a new stake in shares of Guidewire Software during the third quarter worth $42,000. Finally, R Squared Ltd purchased a new position in Guidewire Software in the 4th quarter valued at $47,000.

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.