Guidewire Software, Inc. (NYSE:GWRE - Get Free Report)'s share price reached a new 52-week high during trading on Tuesday after The Goldman Sachs Group raised their price target on the stock from $210.00 to $240.00. The Goldman Sachs Group currently has a buy rating on the stock. Guidewire Software traded as high as $219.59 and last traded at $218.04, with a volume of 883192 shares traded. The stock had previously closed at $213.53.
A number of other equities analysts have also weighed in on the company. Needham & Company LLC reiterated a "hold" rating on shares of Guidewire Software in a research note on Friday, December 6th. JPMorgan Chase & Co. boosted their target price on shares of Guidewire Software from $210.00 to $228.00 and gave the company an "overweight" rating in a research report on Friday, December 6th. JMP Securities reissued a "market outperform" rating and issued a $231.00 target price on shares of Guidewire Software in a research report on Friday, December 6th. Wells Fargo & Company boosted their target price on shares of Guidewire Software from $215.00 to $220.00 and gave the company an "overweight" rating in a research report on Friday, December 6th. Finally, Robert W. Baird raised their target price 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Guidewire Software has an average rating of "Moderate Buy" and a consensus price target of $204.50.
View Our Latest Report on Guidewire Software
Insiders Place Their Bets
In related news, CEO Michael George Rosenbaum sold 1,400 shares of the business's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $214.68, for a total transaction of $300,552.00. Following the sale, the chief executive officer now owns 274,730 shares in the company, valued at $58,979,036.40. The trade was a 0.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Jeffrey Elliott Cooper sold 2,828 shares of the stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total value of $483,757.68. Following the completion of the sale, the chief financial officer now owns 74,911 shares of the company's stock, valued at $12,814,275.66. The trade was a 3.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 37,506 shares of company stock worth $6,789,679 over the last three months. Insiders own 0.48% of the company's stock.
Institutional Trading of Guidewire Software
Institutional investors have recently bought and sold shares of the company. Versant Capital Management Inc bought a new position in Guidewire Software during the fourth quarter worth $25,000. Ossiam bought a new position in Guidewire Software during the fourth quarter worth $29,000. Assetmark Inc. increased its position in Guidewire Software by 537.0% in the 3rd quarter. Assetmark Inc. now owns 172 shares of the technology company's stock valued at $31,000 after buying an additional 145 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in Guidewire Software in the 3rd quarter valued at about $33,000. Finally, Cullen Frost Bankers Inc. bought a new stake in Guidewire Software in the 4th quarter valued at about $34,000.
Guidewire Software Price Performance
The firm has a market capitalization of $17.73 billion, a P/E ratio of 589.67, a price-to-earnings-growth ratio of 56.59 and a beta of 1.25. The business has a 50-day moving average of $186.52 and a 200 day moving average of $178.90. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53.
Guidewire Software Company Profile
(
Get Free Report)
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.
Featured Stories
Before you consider Guidewire Software, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Guidewire Software wasn't on the list.
While Guidewire Software currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
