Guidewire Software (NYSE:GWRE) Insider James Winston King Sells 11,814 Shares of Stock

Guidewire Software, Inc. (NYSE:GWRE) insider James King sold 11,814 shares of the company’s stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $144.47, for a total value of $1,706,768.58. Following the completion of the transaction, the insider directly owned 45,939 shares of the company’s stock, valued at approximately $6,636,807.33. This represents a 20.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

James Winston King also recently made the following trade(s):

• On Friday, September 18th, James King sold 1,381 shares of Guidewire Software stock. The stock was sold at an average price of $144.98, for a total value of $200,217.38.
• On Thursday, July 9th, James King sold 1,684 shares of Guidewire Software stock. The stock was sold at an average price of $130.64, for a total value of $219,997.76.

Guidewire Software Stock Performance

NYSE:GWRE traded up $5.10 during trading on Monday, reaching $149.39. The company’s stock had a trading volume of 990,880 shares, compared to its average volume of 1,595,100. Guidewire Software, Inc. has a 12 month low of $102.30 and a 12 month high of $255.89. The firm has a market cap of $12.44 billion, a price-to-earnings ratio of 91.65 and a beta of 0.97. The firm has a 50 day moving average of $164.08 and a 200-day moving average of $147.50. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.79 and a current ratio of 1.79.

Guidewire Software (NYSE:GWRE) last released its earnings results on Thursday, September 3rd. The technology company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.06. The company had revenue of $411.09 million for the quarter, compared to analysts’ expectations of $402.61 million. Guidewire Software had a return on equity of 12.66% and a net margin of 9.44%.The business’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.84 EPS. Research analysts expect that Guidewire Software, Inc. will post 2.46 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on GWRE. Needham & Company LLC reiterated a “hold” rating on shares of Guidewire Software in a research note on Friday, September 4th. Wells Fargo & Company raised their price target on shares of Guidewire Software from $190.00 to $195.00 and gave the stock an “overweight” rating in a research note on Friday, September 4th. The Goldman Sachs Group lowered their price target on shares of Guidewire Software from $255.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, June 5th. DA Davidson reiterated a “buy” rating and issued a $222.00 price objective on shares of Guidewire Software in a research note on Friday, September 4th. Finally, BTIG Research increased their price objective on Guidewire Software from $175.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, September 2nd. Twelve equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $216.23.

Institutional Trading of Guidewire Software

A number of institutional investors have recently modified their holdings of the business. Castleark Management LLC grew its position in shares of Guidewire Software by 1.6% in the first quarter. Castleark Management LLC now owns 5,180 shares of the technology company’s stock valued at $775,000 after purchasing an additional 80 shares in the last quarter. Avory & Company LLC lifted its holdings in Guidewire Software by 10.0% during the 4th quarter. Avory & Company LLC now owns 1,187 shares of the technology company’s stock worth $239,000 after purchasing an additional 108 shares in the last quarter. Harbour Investments Inc. lifted its holdings in Guidewire Software by 83.0% during the 4th quarter. Harbour Investments Inc. now owns 247 shares of the technology company’s stock worth $50,000 after purchasing an additional 112 shares in the last quarter. Elevation Wealth Partners LLC boosted its stake in Guidewire Software by 35.1% in the 2nd quarter. Elevation Wealth Partners LLC now owns 458 shares of the technology company’s stock worth $56,000 after purchasing an additional 119 shares during the period. Finally, D.A. Davidson & CO. boosted its stake in Guidewire Software by 3.0% in the 1st quarter. D.A. Davidson & CO. now owns 4,234 shares of the technology company’s stock worth $633,000 after purchasing an additional 124 shares during the period.

About Guidewire Software

Guidewire Software, Inc (NYSE: GWRE) provides cloud-based software and technology services for the property and casualty insurance industry. Its solutions help insurers manage core operations, modernize legacy systems, improve customer engagement and use data to support underwriting and claims decisions.

The company’s principal platform, InsuranceSuite, includes applications such as PolicyCenter for policy administration, BillingCenter for billing and payments, and ClaimCenter for claims management.