Insider Selling: Guidewire Software, Inc. (NYSE:GWRE) CFO Sells 2,828 Shares of Stock

Guidewire Software, Inc. (NYSE:GWRE) 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 transaction of $483,757.68. Following the sale, the chief financial officer now directly owns 74,911 shares of the company’s stock, valued at $12,814,275.66. The trade was a 3.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Jeffrey Elliott Cooper also recently made the following trade(s):

• On Thursday, December 19th, Jeffrey Elliott Cooper sold 1,069 shares of Guidewire Software stock. The shares were sold at an average price of $174.43, for a total transaction of $186,465.67.

Guidewire Software Stock Down 1.4 %

NYSE:GWRE opened at $172.06 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 2.66. The firm has a market cap of $14.37 billion, a P/E ratio of 477.94, a P/E/G ratio of 45.60 and a beta of 1.18. Guidewire Software, Inc. has a fifty-two week low of $102.66 and a fifty-two week high of $209.15. The firm has a 50-day simple moving average of $189.77 and a two-hundred day simple moving average of $163.86.

Hedge Funds Weigh In On Guidewire Software

A number of hedge funds have recently added to or reduced their stakes in GWRE. Massachusetts Financial Services Co. MA lifted its holdings in 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 acquiring an additional 679,558 shares during the period. International Assets Investment Management LLC lifted its stake in shares of Guidewire Software by 18,001.5% in the 3rd 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. Teca Partners LP purchased a new position in shares of Guidewire Software in the second quarter worth approximately $25,893,000. Linonia Partnership LP grew its position in Guidewire Software by 8.4% during the second quarter. Linonia Partnership LP now owns 2,395,601 shares of the technology company’s stock valued at $330,329,000 after buying an additional 185,077 shares during the period. Finally, Great Lakes Advisors LLC purchased a new stake in Guidewire Software during the second quarter valued at approximately $22,318,000.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. JMP Securities restated a “market outperform” rating and set a $231.00 price target on shares of Guidewire Software in a report on Friday, December 6th. Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a report on Friday, December 6th. BTIG Research lifted their price target on shares of Guidewire Software from $140.00 to $165.00 and gave the company a “buy” rating in a report on Friday, August 30th. 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. Finally, Stifel Nicolaus lifted their target price on shares of Guidewire Software from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, Guidewire Software presently has a consensus rating of “Moderate Buy” and an average target price 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.