Guidewire Software, Inc. (NYSE:GWRE) President Sells $230,080.50 in Stock

Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) President John P. Mullen sold 1,350 shares of the business's stock in a transaction on Friday, December 20th. The shares were sold at an average price of $170.43, for a total value of $230,080.50. Following the completion of the sale, the president now owns 180,746 shares in the company, valued at approximately $30,804,540.78. The trade was a 0.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Guidewire Software Price Performance

Shares of NYSE GWRE traded up $3.97 during midday trading on Friday, hitting $176.03. 1,411,211 shares of the company's stock were exchanged, compared to its average volume of 752,876. The business's fifty day moving average price is $189.77 and its two-hundred day moving average price is $163.86. The company has a market cap of $14.70 billion, a price-to-earnings ratio of 488.97, a PEG ratio of 45.60 and a beta of 1.18. The company has a current ratio of 2.66, a quick ratio of 1.55 and a debt-to-equity ratio of 0.53. Guidewire Software, Inc. has a 12-month low of $102.66 and a 12-month high of $209.15.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on GWRE shares. Robert W. Baird lifted their target price on shares of Guidewire Software from $204.00 to $220.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 19th. DA Davidson reiterated a "buy" rating and issued a $210.00 price objective on shares of Guidewire Software in a research note on Wednesday, December 4th. JMP Securities restated a "market outperform" rating and set a $231.00 target price on shares of Guidewire Software in a research report on Friday, December 6th. Stifel Nicolaus raised their price target on Guidewire Software from $200.00 to $220.00 and gave the stock a "buy" rating in a report on Tuesday, November 19th. Finally, JPMorgan Chase & Co. boosted their price objective on Guidewire Software from $210.00 to $228.00 and gave the company an "overweight" rating in a research note on Friday, December 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $193.00.

Hedge Funds Weigh In On Guidewire Software

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Icon Wealth Advisors LLC raised its position in shares of Guidewire Software by 72.4% during the 3rd quarter. Icon Wealth Advisors LLC now owns 5,984 shares of the technology company's stock valued at $1,095,000 after buying an additional 2,512 shares in the last quarter. Parkside Financial Bank & Trust raised its position in Guidewire Software by 8.0% during the second quarter. Parkside Financial Bank & Trust now owns 2,215 shares of the technology company's stock valued at $305,000 after purchasing an additional 165 shares in the last quarter. Whale Rock Capital Management LLC lifted its stake in Guidewire Software by 3.3% during the third quarter. Whale Rock Capital Management LLC now owns 972,743 shares of the technology company's stock worth $177,954,000 after purchasing an additional 31,512 shares during the last quarter. Cerity Partners LLC boosted its holdings in shares of Guidewire Software by 326.8% in the 3rd quarter. Cerity Partners LLC now owns 21,799 shares of the technology company's stock worth $3,988,000 after purchasing an additional 16,692 shares in the last quarter. Finally, Xponance Inc. grew its position in Guidewire Software by 79.8% during the second quarter. Xponance Inc. now owns 6,908 shares of the technology company's stock valued at $953,000 after acquiring an additional 3,066 shares during the last quarter.

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.