Guidewire Software, Inc. (NYSE:GWRE) Insider Sells $150,322.50 in Stock

Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) insider John P. Mullen sold 1,350 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $111.35, for a total value of $150,322.50. Following the transaction, the insider now directly owns 148,047 shares of the company's stock, valued at $16,485,033.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Guidewire Software Trading Down 0.9 %

GWRE traded down $1.03 during trading on Wednesday, hitting $108.28. 345,727 shares of the stock were exchanged, compared to its average volume of 638,461. The firm has a 50 day simple moving average of $115.74 and a 200 day simple moving average of $105.73. The firm has a market cap of $8.91 billion, a price-to-earnings ratio of -174.64 and a beta of 1.15. Guidewire Software, Inc. has a 1 year low of $68.45 and a 1 year high of $122.35. The company has a debt-to-equity ratio of 0.32, a quick ratio of 3.45 and a current ratio of 3.45.

Guidewire Software (NYSE:GWRE - Get Free Report) last released its quarterly earnings data on Thursday, March 7th. The technology company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.18) by $0.22. The company had revenue of $240.90 million for the quarter, compared to the consensus estimate of $240.93 million. Guidewire Software had a negative return on equity of 3.60% and a negative net margin of 5.48%. As a group, equities analysts expect that Guidewire Software, Inc. will post -0.42 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Oppenheimer raised their price objective on Guidewire Software from $115.00 to $130.00 and gave the company an "outperform" rating in a research note on Thursday, February 22nd. DA Davidson reaffirmed a "buy" rating and issued a $126.00 price objective on shares of Guidewire Software in a research note on Tuesday, March 5th. Raymond James assumed coverage on Guidewire Software in a research note on Thursday, February 1st. They issued an "outperform" rating and a $125.00 price objective for the company. Wells Fargo & Company upgraded Guidewire Software from an "equal weight" rating to an "overweight" rating in a report on Wednesday, December 20th. Finally, Robert W. Baird increased their price target on Guidewire Software from $131.00 to $140.00 and gave the stock an "outperform" rating in a report on Thursday, March 7th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $115.11.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in GWRE. Banque Cantonale Vaudoise purchased a new position in shares of Guidewire Software in the 3rd quarter valued at $25,000. RiverPark Advisors LLC purchased a new position in shares of Guidewire Software in the 4th quarter valued at $27,000. Transcendent Capital Group LLC acquired a new stake in shares of Guidewire Software in the 4th quarter worth $27,000. CENTRAL TRUST Co acquired a new stake in shares of Guidewire Software in the 3rd quarter worth $29,000. Finally, Castleview Partners LLC acquired a new stake in shares of Guidewire Software in the 3rd quarter worth $40,000.

About Guidewire Software

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.