Insider Selling: Guidewire Software (NYSE:GWRE) CFO Sells $3,356,615.98 in Stock

Key Points

• Guidewire CFO Jeffrey Cooper sold 23,234 shares for approximately $3.36 million under a pre-arranged Rule 10b5-1 plan to cover tax withholding related to vested equity awards. He retained 95,361 shares, while also selling an additional 9,941 shares the following day.
• Guidewire reported quarterly EPS of $0.99, beating estimates of $0.93, while revenue rose 15.3% year over year to $411.09 million. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $216.23.
• GWRE shares recently traded at $149.39, below their 50-day moving average of $164.08 but above their 200-day average of $147.50; the stock has a 12-month range of $102.30 to $255.89.

Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) CFO Jeffrey Cooper sold 23,234 shares of the business's stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $144.47, for a total value of $3,356,615.98. Following the transaction, the chief financial officer directly owned 95,361 shares of the company's stock, valued at $13,776,803.67. The trade was a 19.59% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Friday, September 18th, Jeffrey Cooper sold 9,941 shares of Guidewire Software stock. The stock was sold at an average price of $142.61, for a total transaction of $1,417,686.01.

Guidewire Software Price Performance

Shares of Guidewire Software stock traded up $5.10 on Monday, hitting $149.39. 990,880 shares of the company traded hands, compared to its average volume of 1,595,100. Guidewire Software, Inc. has a 12-month low of $102.30 and a 12-month high of $255.89. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.57. The company has a market cap of $12.44 billion, a P/E ratio of 91.65 and a beta of 0.97. The firm's 50-day simple moving average is $164.08 and its 200 day simple moving average is $147.50.

Guidewire Software (NYSE:GWRE - Get Free Report) last announced its earnings results on Thursday, September 3rd. The technology company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.06. The company had revenue of $411.09 million during the quarter, compared to analyst estimates of $402.61 million. Guidewire Software had a net margin of 9.44% and a return on equity of 12.66%. The firm's quarterly revenue was up 15.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.84 earnings per share. Analysts expect that Guidewire Software, Inc. will post 2.46 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Guidewire Software

Hedge funds and other institutional investors have recently modified their holdings of the stock. Fiduciary Financial Advisors purchased a new stake in Guidewire Software during the 2nd quarter valued at about $29,000. Silvant Capital Management LLC purchased a new position in Guidewire Software in the 2nd quarter worth approximately $33,000. Leonteq Securities AG purchased a new position in Guidewire Software in the 1st quarter worth approximately $36,000. Bogart Wealth LLC lifted its position in Guidewire Software by 127.8% in the first quarter. Bogart Wealth LLC now owns 246 shares of the technology company's stock valued at $37,000 after purchasing an additional 138 shares during the last quarter. Finally, Rakuten Securities Inc. bought a new stake in Guidewire Software in the second quarter valued at approximately $49,000.

Wall Street Analyst Weigh In

GWRE has been the topic of several recent research reports. Piper Sandler reiterated an "overweight" rating and set a $210.00 price objective on shares of Guidewire Software in a research report on Friday, September 4th. Oppenheimer increased their price target on shares of Guidewire Software from $200.00 to $210.00 and gave the company an "outperform" rating in a research report on Friday, September 4th. Robert W. Baird lifted their price target on shares of Guidewire Software from $202.00 to $235.00 and gave the stock an "outperform" rating in a research note on Monday, August 31st. Citigroup boosted their price objective on shares of Guidewire Software from $137.00 to $181.00 and gave the stock a "neutral" rating in a report on Friday, September 4th. Finally, Zacks Research cut shares of Guidewire Software from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 25th. Twelve equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $216.23.

Guidewire Software Company Profile

Guidewire Software, Inc NYSE: GWRE provides cloud-based software and technology services for the property and casualty insurance industry. Its solutions help insurers manage core operations, modernize legacy systems, improve customer engagement and use data to support underwriting and claims decisions.

The company's principal platform, InsuranceSuite, includes applications such as PolicyCenter for policy administration, BillingCenter for billing and payments, and ClaimCenter for claims management.

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