James Winston King Sells 1,509 Shares of Guidewire Software, Inc. (NYSE:GWRE) Stock

Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) insider James Winston King sold 1,509 shares of the business's stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total transaction of $258,129.54. Following the completion of the transaction, the insider now owns 46,728 shares in the company, valued at $7,993,291.68. The trade was a 3.13 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

James Winston King also recently made the following trade(s):

• On Thursday, December 19th, James Winston King sold 794 shares of Guidewire Software stock. The stock was sold at an average price of $174.43, for a total value of $138,497.42.

Guidewire Software Stock Down 1.4 %

GWRE traded down $2.46 during midday trading on Thursday, reaching $172.06. The company's stock had a trading volume of 1,266,162 shares, compared to its average volume of 749,458. Guidewire Software, Inc. has a 1 year low of $102.66 and a 1 year high of $209.15. The stock's 50-day moving average is $189.77 and its 200-day moving average is $163.86. The firm has a market capitalization of $14.37 billion, a price-to-earnings ratio of 477.94, 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.

Hedge Funds Weigh In On Guidewire Software

Hedge funds have recently bought and sold shares of the company. Assetmark Inc. increased its position in shares of Guidewire Software by 537.0% during the third quarter. Assetmark Inc. now owns 172 shares of the technology company's stock valued at $31,000 after acquiring an additional 145 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of Guidewire Software in the 3rd quarter worth $33,000. Rothschild Investment LLC purchased a new position in shares of Guidewire Software in the second quarter worth $31,000. Brooklyn Investment Group bought a new position in shares of Guidewire Software during the third quarter valued at $42,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Guidewire Software by 21.1% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 345 shares of the technology company's stock valued at $63,000 after purchasing an additional 60 shares in the last quarter.

Analyst Ratings Changes

GWRE has been the subject of several research analyst reports. Stifel Nicolaus increased their price objective on Guidewire Software from $200.00 to $220.00 and gave the stock a "buy" rating in a report on Tuesday, November 19th. Oppenheimer raised their price target on Guidewire Software from $220.00 to $230.00 and gave the stock an "outperform" rating in a research note on Friday, December 6th. DA Davidson reiterated a "buy" rating and issued a $210.00 price target on shares of Guidewire Software in a report on Wednesday, December 4th. Wells Fargo & Company upped their price objective on shares of Guidewire Software from $215.00 to $220.00 and gave the stock an "overweight" rating in a report on Friday, December 6th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Guidewire Software from $210.00 to $228.00 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 issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, Guidewire Software presently has an average rating of "Moderate Buy" and an average price target of $193.00.

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.

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