KLP Kapitalforvaltning AS Sells 2,200 Shares of Guidewire Software, Inc. $GWRE

Key Points

• KLP Kapitalforvaltning AS reduced its stake in Guidewire Software by 11.8% in the second quarter, selling 2,200 shares to hold 16,500 shares worth approximately $3.88 million.
• Several analysts have raised their price targets on Guidewire Software, with estimates now ranging from $288 to $300, indicating a consensus rating of "Moderate Buy".
• CEO Michael George Rosenbaum and CFO Jeffrey Elliott Cooper both sold shares recently, contributing to a total of 115,427 shares sold by insiders valued at nearly $27.6 million over the last ninety days.

KLP Kapitalforvaltning AS lessened its stake in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 11.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,500 shares of the technology company's stock after selling 2,200 shares during the period. KLP Kapitalforvaltning AS's holdings in Guidewire Software were worth $3,885,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in GWRE. Farther Finance Advisors LLC grew its position in Guidewire Software by 621.2% in the 1st quarter. Farther Finance Advisors LLC now owns 750 shares of the technology company's stock worth $143,000 after purchasing an additional 646 shares during the period. GAMMA Investing LLC grew its position in Guidewire Software by 46.5% in the 1st quarter. GAMMA Investing LLC now owns 1,390 shares of the technology company's stock worth $260,000 after purchasing an additional 441 shares during the period. Fifth Third Bancorp grew its position in Guidewire Software by 16.4% in the 1st quarter. Fifth Third Bancorp now owns 569 shares of the technology company's stock worth $107,000 after purchasing an additional 80 shares during the period. NorthCrest Asset Manangement LLC raised its position in Guidewire Software by 14.7% in the first quarter. NorthCrest Asset Manangement LLC now owns 1,431 shares of the technology company's stock worth $268,000 after acquiring an additional 183 shares during the period. Finally, Elevation Point Wealth Partners LLC bought a new position in Guidewire Software in the first quarter worth approximately $579,000.

Analysts Set New Price Targets

Several research analysts have weighed in on GWRE shares. JPMorgan Chase & Co. increased their price target on shares of Guidewire Software from $271.00 to $288.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 25th. Robert W. Baird increased their price target on shares of Guidewire Software from $270.00 to $288.00 and gave the stock an "outperform" rating in a research report on Friday, September 5th. Royal Bank Of Canada increased their price target on shares of Guidewire Software from $290.00 to $300.00 and gave the stock an "outperform" rating in a research report on Friday, September 5th. Stifel Nicolaus increased their price target on shares of Guidewire Software from $270.00 to $300.00 and gave the stock a "buy" rating in a research report on Friday, September 5th. Finally, Oppenheimer increased their price target on shares of Guidewire Software from $275.00 to $300.00 and gave the stock an "outperform" rating in a research report on Friday, September 5th. Nine investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $274.08.

Insider Activity at Guidewire Software

In related news, CEO Michael George Rosenbaum sold 30,317 shares of the firm's stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $242.87, for a total transaction of $7,363,089.79. Following the completion of the transaction, the chief executive officer directly owned 264,958 shares of the company's stock, valued at approximately $64,350,349.46. This trade represents a 10.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Jeffrey Elliott Cooper sold 14,103 shares of the firm's stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $242.87, for a total transaction of $3,425,195.61. Following the transaction, the chief financial officer directly owned 84,646 shares of the company's stock, valued at $20,557,974.02. The trade was a 14.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 115,427 shares of company stock valued at $27,598,586. Insiders own 0.48% of the company's stock.

Guidewire Software Stock Performance

Shares of NYSE GWRE opened at $239.57 on Friday. The firm has a fifty day moving average price of $229.09 and a 200-day moving average price of $220.35. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.77 and a quick ratio of 2.77. The stock has a market cap of $20.25 billion, a PE ratio of 299.46 and a beta of 1.21. Guidewire Software, Inc. has a 1 year low of $165.08 and a 1 year high of $272.60.

Guidewire Software (NYSE:GWRE - Get Free Report) last announced its quarterly earnings data on Thursday, September 4th. The technology company reported $0.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.62 by $0.22. The firm had revenue of $356.57 million during the quarter, compared to analysts' expectations of $337.82 million. Guidewire Software had a net margin of 5.81% and a return on equity of 9.00%. The company's revenue for the quarter was up 22.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.62 earnings per share. Guidewire Software has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. Equities analysts anticipate that Guidewire Software, Inc. will post 0.52 earnings per share 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.

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