Guidewire Software (NYSE:GWRE) CFO Jeffrey Elliott Cooper Sells 2,872 Shares

Guidewire Software, Inc. (NYSE:GWRE) CFO Jeffrey Elliott Cooper sold 2,872 shares of the company’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $192.08, for a total value of $551,653.76. Following the sale, the chief financial officer owned 74,201 shares in the company, valued at approximately $14,252,528.08. This represents a 3.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Thursday, December 18th, Jeffrey Elliott Cooper sold 1,232 shares of Guidewire Software stock. The stock was sold at an average price of $195.00, for a total transaction of $240,240.00.

Guidewire Software Stock Performance

GWRE stock traded up $3.53 during trading hours on Thursday, reaching $197.46. The stock had a trading volume of 996,907 shares, compared to its average volume of 920,099. The stock has a 50-day simple moving average of $223.17 and a 200 day simple moving average of $228.38. Guidewire Software, Inc. has a fifty-two week low of $165.08 and a fifty-two week high of $272.60. The stock has a market capitalization of $16.79 billion, a PE ratio of 188.06, a price-to-earnings-growth ratio of 12.68 and a beta of 1.08. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.48 and a quick ratio of 3.48.

Guidewire Software (NYSE:GWRE) last issued its earnings results on Wednesday, December 3rd. The technology company reported $0.66 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.66. Guidewire Software had a net margin of 7.23% and a return on equity of 10.15%. The company had revenue of $332.64 million for the quarter, compared to analysts’ expectations of $316.62 million. During the same period in the prior year, the firm earned $0.43 EPS. Guidewire Software’s quarterly revenue was up 26.5% compared to the same quarter last year. Analysts predict that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. DA Davidson raised shares of Guidewire Software from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $246.00 to $250.00 in a research report on Wednesday. Wells Fargo & Company lifted their target price on shares of Guidewire Software from $265.00 to $275.00 and gave the stock an “overweight” rating in a report on Friday, September 5th. Zacks Research lowered shares of Guidewire Software from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 2nd. Citigroup increased their price target on shares of Guidewire Software from $242.00 to $245.00 and gave the company a “neutral” rating in a report on Friday, December 5th. Finally, Oppenheimer boosted their price objective on Guidewire Software from $275.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $271.29.

Institutional Investors Weigh In On Guidewire Software

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Linonia Partnership LP raised its holdings in shares of Guidewire Software by 41.8% during the 1st quarter. Linonia Partnership LP now owns 3,396,310 shares of the technology company’s stock worth $636,333,000 after buying an additional 1,000,709 shares in the last quarter. Qube Research & Technologies Ltd raised its stake in Guidewire Software by 3,636.9% during the second quarter. Qube Research & Technologies Ltd now owns 731,467 shares of the technology company’s stock worth $172,224,000 after acquiring an additional 711,893 shares in the last quarter. Groupama Asset Managment lifted its holdings in shares of Guidewire Software by 240.0% in the second quarter. Groupama Asset Managment now owns 850,000 shares of the technology company’s stock worth $200,132,000 after acquiring an additional 600,000 shares during the last quarter. Alliancebernstein L.P. grew its holdings in shares of Guidewire Software by 405.1% during the 2nd quarter. Alliancebernstein L.P. now owns 538,303 shares of the technology company’s stock valued at $126,743,000 after purchasing an additional 431,725 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of Guidewire Software during the 3rd quarter valued at approximately $51,967,000.

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.