Insider Selling: Guidewire Software, Inc. (NYSE:GWRE) President Sells 3,000 Shares of Stock

Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) President John P. Mullen sold 3,000 shares of the business's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $235.05, for a total transaction of $705,150.00. Following the completion of the transaction, the president directly owned 146,489 shares in the company, valued at $34,432,239.45. This trade represents a 2.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Guidewire Software Price Performance

NYSE GWRE traded down $3.69 on Wednesday, hitting $227.60. The stock had a trading volume of 881,413 shares, compared to its average volume of 964,625. Guidewire Software, Inc. has a 52-week low of $132.01 and a 52-week high of $263.20. The company has a debt-to-equity ratio of 0.49, a quick ratio of 3.23 and a current ratio of 3.23. The company has a market capitalization of $19.16 billion, a price-to-earnings ratio of 569.00, a price-to-earnings-growth ratio of 20.51 and a beta of 1.16. The firm has a 50-day moving average of $224.11 and a 200-day moving average of $201.56.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of GWRE. SBI Securities Co. Ltd. increased its position in shares of Guidewire Software by 403.8% in the first quarter. SBI Securities Co. Ltd. now owns 131 shares of the technology company's stock worth $25,000 after purchasing an additional 105 shares during the last quarter. Advisors Asset Management Inc. purchased a new stake in shares of Guidewire Software during the first quarter valued at approximately $25,000. Quarry LP purchased a new stake in shares of Guidewire Software during the first quarter valued at approximately $28,000. Ossiam purchased a new stake in shares of Guidewire Software during the fourth quarter valued at approximately $29,000. Finally, Rise Advisors LLC purchased a new stake in Guidewire Software in the first quarter worth $31,000.

Analyst Ratings Changes

A number of equities analysts recently weighed in on GWRE shares. Robert W. Baird boosted their price target on shares of Guidewire Software from $230.00 to $236.00 and gave the stock an "outperform" rating in a report on Friday, March 7th. Stifel Nicolaus boosted their price target on shares of Guidewire Software from $230.00 to $270.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Wells Fargo & Company boosted their price target on shares of Guidewire Software from $220.00 to $265.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Oppenheimer upped their price objective on shares of Guidewire Software from $230.00 to $275.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Finally, The Goldman Sachs Group upped their price objective on shares of Guidewire Software from $235.00 to $270.00 and gave the company a "buy" rating in a 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 issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $248.31.

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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