Guidewire Software, Inc. (NYSE:GWRE) Insider Sells $169,076.39 in Stock

Key Points

• James Winston King, an insider at Guidewire Software, sold 799 shares for a total of $169,076.39, decreasing his ownership by 2.13% to 36,642 shares.
• Guidewire Software's stock price rose by 1.6% to reach $214.87, with a market cap of $18.09 billion and a P/E ratio of 537.16.
• Brokerages have increased their price targets for Guidewire Software, with JPMorgan Chase raising it from $271 to $288, indicating a strong outlook for the company.

Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) insider James Winston King sold 799 shares of the business's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $211.61, for a total transaction of $169,076.39. Following the sale, the insider directly owned 36,642 shares of the company's stock, valued at $7,753,813.62. This represents a 2.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

James Winston King also recently made the following trade(s):

• On Monday, July 14th, James Winston King sold 2,482 shares of Guidewire Software stock. The shares were sold at an average price of $220.65, for a total transaction of $547,653.30.

Guidewire Software Stock Up 1.6%

NYSE:GWRE traded up $3.44 on Monday, reaching $214.87. The stock had a trading volume of 579,372 shares, compared to its average volume of 602,245. The company has a current ratio of 3.23, a quick ratio of 3.23 and a debt-to-equity ratio of 0.49. The company has a 50-day moving average of $228.66 and a 200 day moving average of $211.63. The stock has a market cap of $18.09 billion, a P/E ratio of 537.16, a price-to-earnings-growth ratio of 14.91 and a beta of 1.16. Guidewire Software, Inc. has a 12-month low of $142.94 and a 12-month high of $263.20.

Guidewire Software (NYSE:GWRE - Get Free Report) last issued its earnings results on Tuesday, June 3rd. The technology company reported $0.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.47 by $0.41. The business had revenue of $293.51 million for the quarter, compared to analyst estimates of $286.40 million. Guidewire Software had a net margin of 3.04% and a return on equity of 6.96%. The company's revenue for the quarter was up 22.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.26 EPS. On average, research analysts predict that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on GWRE. JPMorgan Chase & Co. boosted their price objective on shares of Guidewire Software from $271.00 to $288.00 and gave the company an "overweight" rating in a research note on Wednesday, June 25th. Oppenheimer upped their price target on shares of Guidewire Software from $230.00 to $275.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Raymond James Financial upped their price target on shares of Guidewire Software from $225.00 to $255.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Needham & Company LLC reaffirmed a "hold" rating on shares of Guidewire Software in a research report on Wednesday, June 4th. Finally, The Goldman Sachs Group upped their price target on shares of Guidewire Software from $235.00 to $270.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $250.92.

Institutional Investors Weigh In On Guidewire Software

Several institutional investors and hedge funds have recently bought and sold shares of GWRE. Guggenheim Capital LLC acquired a new stake in Guidewire Software during the fourth quarter worth about $237,000. NewEdge Advisors LLC grew its position in Guidewire Software by 179.0% in the 4th quarter. NewEdge Advisors LLC now owns 3,797 shares of the technology company's stock worth $640,000 after purchasing an additional 2,436 shares during the last quarter. Canada Pension Plan Investment Board boosted its holdings in shares of Guidewire Software by 41.9% in the fourth quarter. Canada Pension Plan Investment Board now owns 10,500 shares of the technology company's stock valued at $1,770,000 after acquiring an additional 3,100 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in shares of Guidewire Software by 1.5% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 21,201 shares of the technology company's stock valued at $3,569,000 after acquiring an additional 312 shares in the last quarter. Finally, Capital International Investors boosted its holdings in shares of Guidewire Software by 70.9% in the fourth quarter. Capital International Investors now owns 409,657 shares of the technology company's stock valued at $69,060,000 after acquiring an additional 169,985 shares in the last quarter.

Guidewire Software Company Profile

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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