Guidewire Software, Inc. (NYSE:GWRE) Insider James Winston King Sells 270 Shares

Guidewire Software, Inc. (NYSE:GWRE) insider James Winston King sold 270 shares of Guidewire Software stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $174.78, for a total value of $47,190.60. Following the sale, the insider now directly owns 45,664 shares of the company’s stock, valued at $7,981,153.92. This trade represents a 0.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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.
• On Tuesday, December 17th, James Winston King sold 1,509 shares of Guidewire Software stock. The shares were sold at an average price of $171.06, for a total value of $258,129.54.

Guidewire Software Stock Performance

Shares of Guidewire Software stock traded up $2.63 during trading hours on Wednesday, hitting $174.60. 678,675 shares of the company were exchanged, compared to its average volume of 781,808. The company has a current ratio of 2.66, a quick ratio of 1.55 and a debt-to-equity ratio of 0.53. The business has a 50-day moving average of $183.96 and a 200-day moving average of $169.34. Guidewire Software, Inc. has a 1 year low of $107.00 and a 1 year high of $209.15. The stock has a market capitalization of $14.58 billion, a price-to-earnings ratio of 485.00, a P/E/G ratio of 46.15 and a beta of 1.23.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on GWRE shares. JPMorgan Chase & Co. boosted their price objective on shares of Guidewire Software from $210.00 to $228.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. JMP Securities reissued a “market outperform” rating and issued a $231.00 price target on shares of Guidewire Software in a research report on Friday, December 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a report on Friday, December 6th. Wells Fargo & Company lifted their target price on Guidewire Software from $215.00 to $220.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Finally, DA Davidson reissued a “buy” rating and issued a $210.00 target price on shares of Guidewire Software in a research report on Wednesday, December 4th. One investment 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, the company currently has an average rating of “Moderate Buy” and a consensus price target of $193.00.

Hedge Funds Weigh In On Guidewire Software

A number of large investors have recently bought and sold shares of GWRE. Massachusetts Financial Services Co. MA boosted 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 acquiring an additional 679,558 shares in the last quarter. International Assets Investment Management LLC lifted its position in Guidewire Software by 18,001.5% in the third quarter. International Assets Investment Management LLC now owns 258,128 shares of the technology company’s stock valued at $472,220,000 after purchasing an additional 256,702 shares during the period. Teca Partners LP purchased a new stake in Guidewire Software in the 2nd quarter valued at approximately $25,893,000. Linonia Partnership LP increased its position in Guidewire Software by 8.4% during the 2nd quarter. Linonia Partnership LP now owns 2,395,601 shares of the technology company’s stock worth $330,329,000 after purchasing an additional 185,077 shares during the period. Finally, Point72 Asset Management L.P. purchased a new position in shares of Guidewire Software during the 3rd quarter worth approximately $26,501,000.

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.