Insider Selling: Guidewire Software (NYSE:GWRE) Insider Sells 1,381 Shares of Stock

Key Points

• Guidewire insider James King sold 1,381 shares for approximately $200,217 at an average price of $144.98, reducing his direct holdings by 3.01%. The transaction was conducted under a pre-arranged Rule 10b5-1 plan to cover tax obligations from vested equity awards.
• Guidewire reported quarterly earnings of $0.99 per share, beating estimates of $0.93, while revenue rose 15.3% year over year to $411.09 million.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $216.23, compared with the stock’s reported trading price of $149.39.

Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) insider James King sold 1,381 shares of the business's stock in a transaction dated Friday, September 18th. The stock was sold at an average price of $144.98, for a total value of $200,217.38. Following the transaction, the insider directly owned 44,558 shares of the company's stock, valued at $6,460,018.84. This represents a 3.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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.

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

• On Thursday, September 17th, James King sold 11,814 shares of Guidewire Software stock. The shares were sold at an average price of $144.47, for a total value of $1,706,768.58.
• On Thursday, July 9th, James King sold 1,684 shares of Guidewire Software stock. The stock was sold at an average price of $130.64, for a total value of $219,997.76.

Guidewire Software Stock Performance

NYSE GWRE traded up $5.10 during trading on Monday, hitting $149.39. The company's stock had a trading volume of 990,880 shares, compared to its average volume of 1,595,100. Guidewire Software, Inc. has a 52 week low of $102.30 and a 52 week high of $255.89. The firm has a market cap of $12.44 billion, a P/E ratio of 91.65 and a beta of 0.97. The firm has a 50 day moving average price of $164.08 and a 200 day moving average price of $147.50. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.57.

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

Analyst Ratings Changes

Several analysts have issued reports on GWRE shares. Royal Bank Of Canada restated an "outperform" rating and issued a $215.00 price target on shares of Guidewire Software in a research report on Friday, September 4th. Piper Sandler reaffirmed an "overweight" rating and set a $210.00 price objective on shares of Guidewire Software in a research report on Friday, September 4th. Robert W. Baird increased their target price on shares of Guidewire Software from $202.00 to $235.00 and gave the company an "outperform" rating in a research note on Monday, August 31st. Zacks Research downgraded Guidewire Software from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 25th. Finally, Citizens Jmp restated a "market outperform" rating and set a $220.00 price target on shares of Guidewire Software in a research note on Friday, September 4th. Twelve investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $216.23.

Institutional Investors Weigh In On Guidewire Software

A number of institutional investors have recently bought and sold shares of the business. Bamco Inc. NY bought a new stake in Guidewire Software in the 2nd quarter valued at $1,106,768,000. Linonia Partnership LP bought a new position in shares of Guidewire Software during the 2nd quarter worth about $853,165,000. Geode Capital Management LLC lifted its holdings in shares of Guidewire Software by 8.9% during the 4th quarter. Geode Capital Management LLC now owns 1,778,201 shares of the technology company's stock worth $357,504,000 after acquiring an additional 145,924 shares during the period. Route One Investment Company L.P. acquired a new stake in shares of Guidewire Software during the 2nd quarter valued at about $227,564,000. Finally, Capital World Investors acquired a new stake in shares of Guidewire Software during the 4th quarter valued at about $202,405,000.

About Guidewire Software

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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