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 that occurred on Monday, February 3rd. The stock was sold at an average price of $208.79, for a total value of $626,370.00. Following the sale, the president now owns 174,746 shares of the company's stock, valued at approximately $36,485,217.34. This represents a 1.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Guidewire Software Stock Performance

Shares of NYSE GWRE traded down $4.19 during mid-day trading on Friday, hitting $213.48. 871,740 shares of the company were exchanged, compared to its average volume of 1,661,625. Guidewire Software, Inc. has a 1-year low of $107.00 and a 1-year high of $219.49. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53. The stock has a 50 day simple moving average of $184.89 and a 200-day simple moving average of $176.50. The firm has a market cap of $17.83 billion, a price-to-earnings ratio of 593.01, a price-to-earnings-growth ratio of 56.59 and a beta of 1.25.

Institutional Trading of Guidewire Software

Large investors have recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA lifted its holdings in shares of Guidewire Software by 24.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,426,907 shares of the technology company's stock valued at $626,918,000 after buying an additional 679,558 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of Guidewire Software by 18,001.5% during the third quarter. International Assets Investment Management LLC now owns 258,128 shares of the technology company's stock worth $472,220,000 after purchasing an additional 256,702 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of Guidewire Software in the third quarter worth $26,501,000. Janus Henderson Group PLC lifted its holdings in shares of Guidewire Software by 355.8% during the 3rd quarter. Janus Henderson Group PLC now owns 162,447 shares of the technology company's stock valued at $29,719,000 after buying an additional 126,806 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in Guidewire Software by 370.4% in the third quarter. Assenagon Asset Management S.A. now owns 150,328 shares of the technology company's stock valued at $27,501,000 after acquiring an additional 118,369 shares during the last quarter.

Wall Street Analysts Forecast Growth

GWRE has been the topic of several research reports. Robert W. Baird upped their price objective on shares of Guidewire Software from $204.00 to $220.00 and gave the stock an "outperform" rating in a report on Tuesday, November 19th. Needham & Company LLC reaffirmed a "hold" rating on shares of Guidewire Software in a report on Friday, December 6th. 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. Stifel Nicolaus boosted their price target on shares of Guidewire Software from $200.00 to $220.00 and gave the company a "buy" rating in a research report on Tuesday, November 19th. Finally, Wells Fargo & Company raised their target price on shares of Guidewire Software from $215.00 to $220.00 and gave the company an "overweight" rating in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $202.00.

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.