Insider Selling: Guidewire Software (NYSE:GWRE) Insider Sells 9,187 Shares of Stock

Key Points

• Guidewire insider James King sold 9,187 shares at an average price of $168, generating $1.54 million and reducing his holdings by 20.62% to 35,371 shares. The sale was conducted under a pre-arranged Rule 10b5-1 trading plan.
• Guidewire reported quarterly adjusted earnings of $0.99 per share and revenue of $411.09 million, beating estimates and marking 15.3% year-over-year revenue growth.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $216.23, compared with the stock’s opening price of $164.45.

Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) insider James King sold 9,187 shares of the company's stock in a transaction on Friday, October 9th. The shares were sold at an average price of $168.00, for a total transaction of $1,543,416.00. Following the completion of the sale, the insider owned 35,371 shares of the company's stock, valued at approximately $5,942,328. This represents a 20.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Friday, September 18th, James King sold 1,381 shares of Guidewire Software stock. The shares were sold at an average price of $144.98, for a total value of $200,217.38.
• 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 transaction of $1,706,768.58.

Guidewire Software Price Performance

Shares of NYSE GWRE opened at $164.45 on Tuesday. The firm has a market cap of $13.69 billion, a PE ratio of 100.89 and a beta of 1.02. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.57. Guidewire Software, Inc. has a 1-year low of $102.30 and a 1-year high of $255.89. The company has a fifty day moving average price of $166.48 and a 200 day moving average price of $147.06.

Guidewire Software (NYSE:GWRE - Get Free Report) last released its earnings results on Thursday, September 3rd. The technology company reported $0.99 earnings per share for the quarter, beating analysts' consensus estimates of $0.93 by $0.06. Guidewire Software had a net margin of 9.44% and a return on equity of 12.66%. The business had revenue of $411.09 million during the quarter, compared to the consensus estimate of $402.61 million. During the same quarter last year, the firm earned $0.84 earnings per share. The firm's revenue for the quarter was up 15.3% compared to the same quarter last year. Research analysts predict that Guidewire Software, Inc. will post 2.45 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

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

Wall Street Analyst Weigh In

A number of research analysts have commented on GWRE shares. BTIG Research upped their price objective on Guidewire Software from $175.00 to $230.00 and gave the company a "buy" rating in a report on Wednesday, September 2nd. JPMorgan Chase & Co. dropped their target price on Guidewire Software from $300.00 to $258.00 and set an "overweight" rating for the company in a report on Tuesday, July 14th. Citigroup boosted their target price on shares of Guidewire Software from $137.00 to $181.00 and gave the company a "neutral" rating in a research report on Friday, September 4th. DA Davidson reaffirmed a "buy" rating and set a $222.00 price target on shares of Guidewire Software in a research report on Friday, October 2nd. Finally, Citizens Jmp reiterated a "market outperform" rating and issued a $220.00 price objective on shares of Guidewire Software in a research note on Friday, September 4th. Twelve research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Guidewire Software presently has a consensus rating of "Moderate Buy" and an average target price of $216.23.

Guidewire Software Company Profile

Guidewire Software, Inc develops software for the property and casualty (P&C) insurance industry. Its platform is designed to help insurers manage core operations, modernize legacy systems, and support digital interactions with policyholders, agents, brokers, and other stakeholders.

The company's principal offerings include Guidewire InsuranceSuite, a cloud-based platform with applications such as PolicyCenter for policy administration, BillingCenter for billing and payments, and ClaimCenter for claims management.

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