Insider Selling: Guidewire Software (NYSE:GWRE) President Sells 14,400 Shares of Stock

Key Points

• Guidewire President John Mullen sold 14,400 shares at an average price of $185, generating $2.664 million. The transaction, conducted under a pre-arranged Rule 10b5-1 plan, reduced his ownership by 10.98% to 116,715 shares.
• Guidewire reported quarterly revenue of $372.54 million, up 26.9% year over year, and adjusted earnings of $0.82 per share, beating analyst expectations of $0.74.
• Analysts remain broadly positive, with a “Moderate Buy” consensus and an average price target of $221.64, although several firms recently lowered their targets. GWRE was trading near $182, with a market capitalization of approximately $15.16 billion.

Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) President John Mullen sold 14,400 shares of the company's stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $185.00, for a total transaction of $2,664,000.00. Following the transaction, the president owned 116,715 shares of the company's stock, valued at $21,592,275. This trade represents a 10.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Guidewire Software Price Performance

Shares of GWRE traded up $0.93 during trading hours on Thursday, reaching $182.11. The stock had a trading volume of 1,009,630 shares, compared to its average volume of 1,582,639. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.44 and a current ratio of 2.44. Guidewire Software, Inc. has a 12 month low of $102.30 and a 12 month high of $272.60. The stock has a market capitalization of $15.16 billion, a PE ratio of 98.44 and a beta of 0.92. The company's 50-day moving average is $142.01 and its two-hundred day moving average is $141.24.

Guidewire Software (NYSE:GWRE - Get Free Report) last issued its quarterly earnings data on Thursday, June 4th. The technology company reported $0.82 earnings per share for the quarter, topping analysts' consensus estimates of $0.74 by $0.08. Guidewire Software had a return on equity of 12.62% and a net margin of 11.25%.The business had revenue of $372.54 million for the quarter, compared to analyst estimates of $355.92 million. During the same quarter in the previous year, the company posted $0.88 EPS. Guidewire Software's quarterly revenue was up 26.9% compared to the same quarter last year. Research analysts expect that Guidewire Software, Inc. will post 1.83 EPS for the current year.

Institutional Investors Weigh In On Guidewire Software

Institutional investors and hedge funds have recently made changes to their positions in the stock. Advisors Asset Management Inc. acquired a new stake in Guidewire Software during the 1st quarter valued at approximately $25,000. Fiduciary Financial Advisors acquired a new position in shares of Guidewire Software in the 2nd quarter worth approximately $29,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Guidewire Software in the 3rd quarter valued at $29,000. Silvant Capital Management LLC bought a new stake in shares of Guidewire Software in the 2nd quarter valued at $33,000. Finally, Leonteq Securities AG bought a new stake in shares of Guidewire Software in the 1st quarter valued at $36,000.

Analyst Ratings Changes

Several research firms have recently issued reports on GWRE. Stifel Nicolaus lowered their price objective on Guidewire Software from $225.00 to $200.00 and set a "buy" rating for the company in a research note on Friday, June 5th. DA Davidson cut their target price on shares of Guidewire Software from $246.00 to $222.00 and set a "buy" rating on the stock in a research report on Monday, June 8th. Royal Bank Of Canada reduced their target price on shares of Guidewire Software from $250.00 to $215.00 and set an "outperform" rating on the stock in a report on Friday, June 5th. Piper Sandler began coverage on shares of Guidewire Software in a research report on Monday, August 10th. They issued an "overweight" rating and a $210.00 price target for the company. Finally, Zacks Research downgraded shares of Guidewire Software from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 25th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Guidewire Software has an average rating of "Moderate Buy" and an average target price of $221.64.

Guidewire Software Company Profile

Guidewire Software, Inc develops software products and cloud services for property and casualty (P&C) insurance carriers. Headquartered in San Mateo, California, the company's offerings are designed to help insurers manage the core functions of their business—policy administration, billing and claims—while supporting digital engagement, analytics and operational modernization.

Guidewire's core product portfolio is commonly known as the InsuranceSuite, which includes PolicyCenter for policy administration, BillingCenter for billing and receivables, and ClaimCenter for claims management.

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