Jeffrey Elliott Cooper Sells 4,956 Shares of Guidewire Software, Inc. (NYSE:GWRE) Stock

Guidewire Software, Inc. (NYSE:GWRE) CFO Jeffrey Elliott Cooper sold 4,956 shares of Guidewire Software stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $172.70, for a total transaction of $855,901.20. Following the completion of the transaction, the chief financial officer now directly owns 78,411 shares of the company’s stock, valued at approximately $13,541,579.70. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Tuesday, September 17th, Jeffrey Elliott Cooper sold 10,334 shares of Guidewire Software stock. The stock was sold at an average price of $172.16, for a total transaction of $1,779,101.44.

Guidewire Software Price Performance

Shares of GWRE stock opened at $174.54 on Friday. The firm has a 50-day moving average of $151.15 and a 200-day moving average of $131.67. The company has a market cap of $14.43 billion, a P/E ratio of -1,342.62 and a beta of 1.18. Guidewire Software, Inc. has a one year low of $85.15 and a one year high of $176.00.

Guidewire Software (NYSE:GWRE) last announced its earnings results on Thursday, September 5th. The technology company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.54 by $0.08. The company had revenue of $291.50 million during the quarter, compared to the consensus estimate of $283.84 million. Guidewire Software had a negative net margin of 0.62% and a negative return on equity of 1.32%. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.30 earnings per share. As a group, research analysts expect that Guidewire Software, Inc. will post 0.49 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Bank of America boosted their target price 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. Oppenheimer upped their price objective on shares of Guidewire Software from $170.00 to $185.00 and gave the company an “outperform” rating in a research note on Friday, September 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a research note on Friday, September 6th. Royal Bank of Canada boosted their target price on shares of Guidewire Software from $170.00 to $180.00 and gave the company an “outperform” rating in a research report on Friday, September 6th. Finally, JMP Securities upped their price objective on shares of Guidewire Software from $141.00 to $179.00 and gave the stock a “market outperform” rating in a report on Friday, September 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $161.69.

Hedge Funds Weigh In On Guidewire Software

Institutional investors have recently added to or reduced their stakes in the stock. Rothschild Investment LLC bought a new position in Guidewire Software during the second quarter valued at about $31,000. ORG Partners LLC bought a new position in Guidewire Software during the first quarter valued at about $29,000. Transcendent Capital Group LLC bought a new position in Guidewire Software during the fourth quarter valued at about $27,000. DT Investment Partners LLC bought a new position in Guidewire Software during the second quarter valued at about $41,000. Finally, Lynx Investment Advisory bought a new position in Guidewire Software during the second quarter valued at about $41,000.

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.