Insider Selling: Guidewire Software, Inc. (NYSE:GWRE) CFO Sells $405,907.18 in Stock

Guidewire Software, Inc. (NYSE:GWRE) CFO Jeffrey Elliott Cooper sold 3,017 shares of the company’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $134.54, for a total transaction of $405,907.18. Following the completion of the transaction, the chief financial officer now owns 63,479 shares of the company’s stock, valued at approximately $8,540,464.66. The sale was disclosed in a filing with the SEC, which is available at this link.

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

• On Thursday, June 20th, Jeffrey Elliott Cooper sold 1,765 shares of Guidewire Software stock. The shares were sold at an average price of $134.20, for a total transaction of $236,863.00.

Guidewire Software Stock Down 1.4 %

NYSE GWRE opened at $134.86 on Thursday. The stock has a market capitalization of $11.15 billion, a P/E ratio of -1,037.30 and a beta of 1.14. Guidewire Software, Inc. has a 52-week low of $71.84 and a 52-week high of $138.15. The firm has a 50-day moving average price of $121.79 and a 200 day moving average price of $115.80.

Hedge Funds Weigh In On Guidewire Software

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. RiverPark Advisors LLC purchased a new stake in shares of Guidewire Software in the fourth quarter valued at approximately $27,000. Transcendent Capital Group LLC acquired a new stake in Guidewire Software in the fourth quarter valued at $27,000. ORG Partners LLC purchased a new stake in shares of Guidewire Software during the 1st quarter worth $29,000. Lindbrook Capital LLC grew its stake in shares of Guidewire Software by 45.7% during the 4th quarter. Lindbrook Capital LLC now owns 421 shares of the technology company’s stock worth $46,000 after purchasing an additional 132 shares during the period. Finally, GAMMA Investing LLC purchased a new position in shares of Guidewire Software in the 4th quarter valued at about $56,000.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on GWRE shares. Citigroup upped their target price on Guidewire Software from $109.00 to $122.00 and gave the company a “neutral” rating in a research report on Tuesday, June 4th. Royal Bank of Canada restated an “outperform” rating and set a $130.00 target price on shares of Guidewire Software in a research report on Wednesday, June 5th. Bank of America upped their price target on shares of Guidewire Software from $80.00 to $95.00 and gave the company an “underperform” rating in a research report on Wednesday, June 5th. Wells Fargo & Company raised their price objective on shares of Guidewire Software from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Friday, June 21st. Finally, BTIG Research upped their target price on shares of Guidewire Software from $135.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, June 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $130.00.

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.