Guidewire Software (NYSE:GWRE) CFO Sells $142,443.16 in Stock

Guidewire Software, Inc. (NYSE:GWRE) CFO Jeffrey Elliott Cooper sold 1,348 shares of Guidewire Software stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $105.67, for a total value of $142,443.16. Following the completion of the sale, the chief financial officer directly owned 62,119 shares of the company’s stock, valued at approximately $6,564,114.73. This trade represents a 2.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, June 16th, Jeffrey Elliott Cooper sold 2,594 shares of Guidewire Software stock. The shares were sold at an average price of $118.74, for a total transaction of $308,011.56.

Guidewire Software Stock Performance

NYSE:GWRE traded down $5.19 on Monday, reaching $102.67. 2,057,418 shares of the company’s stock were exchanged, compared to its average volume of 1,670,974. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.44 and a quick ratio of 2.44. The firm has a market cap of $8.55 billion, a price-to-earnings ratio of 55.50 and a beta of 0.93. Guidewire Software, Inc. has a 52 week low of $102.30 and a 52 week high of $272.60. The stock has a fifty day simple moving average of $134.13 and a 200-day simple moving average of $153.76.

Guidewire Software (NYSE:GWRE) last posted its earnings results on Thursday, June 4th. The technology company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.08. Guidewire Software had a net margin of 11.25% and a return on equity of 12.62%. The firm had revenue of $372.54 million during the quarter, compared to the consensus estimate of $355.92 million. During the same quarter last year, the company earned $0.88 earnings per share. The company’s revenue was up 26.9% on a year-over-year basis. As a group, sell-side analysts predict that Guidewire Software, Inc. will post 1.83 earnings per share for the current year.

Institutional Investors Weigh In On Guidewire Software

A number of institutional investors and hedge funds have recently bought and sold shares of GWRE. Advisors Asset Management Inc. bought a new stake in Guidewire Software during the first quarter valued at approximately $25,000. Measured Wealth Private Client Group LLC bought a new position in shares of Guidewire Software in the 3rd quarter worth $29,000. Flagship Harbor Advisors LLC purchased a new stake in shares of Guidewire Software during the 4th quarter valued at $36,000. Leonteq Securities AG purchased a new stake in shares of Guidewire Software during the 1st quarter valued at $36,000. Finally, Bogart Wealth LLC lifted its holdings in shares of Guidewire Software by 127.8% during the 1st quarter. Bogart Wealth LLC now owns 246 shares of the technology company’s stock worth $37,000 after acquiring an additional 138 shares during the last quarter.

Analyst Upgrades and Downgrades

GWRE has been the topic of a number of analyst reports. The Goldman Sachs Group lowered their target price on shares of Guidewire Software from $255.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, June 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Guidewire Software in a research report on Wednesday, June 3rd. Oppenheimer cut their target price on Guidewire Software from $250.00 to $180.00 and set an “outperform” rating for the company in a research note on Monday, May 18th. Stifel Nicolaus reduced their target price on Guidewire Software from $225.00 to $200.00 and set a “buy” rating for the company in a report on Friday, June 5th. Finally, Wells Fargo & Company decreased their price target on Guidewire Software from $210.00 to $190.00 and set an “overweight” rating on the stock in a research report on Friday, June 5th. Eleven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $229.00.

About Guidewire Software

Guidewire Software, Inc develops software products and cloud services for property and casualty (P&C) insurance carriers. Headquartered in San Mateo, California, the company’s offerings are designed to help insurers manage the core functions of their business—policy administration, billing and claims—while supporting digital engagement, analytics and operational modernization.

Guidewire’s core product portfolio is commonly known as the InsuranceSuite, which includes PolicyCenter for policy administration, BillingCenter for billing and receivables, and ClaimCenter for claims management.