Guidewire Software (NYSE:GWRE) Shares Down 5.4% on Insider Selling

Guidewire Software, Inc. (NYSE:GWRE)’s stock price traded down 5.4% during mid-day trading on Monday following insider selling activity. The company traded as low as $201.26 and last traded at $199.19. 312,938 shares traded hands during trading, a decline of 65% from the average session volume of 893,242 shares. The stock had previously closed at $210.55.

Specifically, CEO Michael George Rosenbaum sold 1,400 shares of the business’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $210.87, for a total transaction of $295,218.00. Following the completion of the transaction, the chief executive officer owned 248,158 shares in the company, valued at $52,329,077.46. The trade was a 0.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Analyst Upgrades and Downgrades

A number of analysts have commented on GWRE shares. Weiss Ratings restated a “hold (c)” rating on shares of Guidewire Software in a research report on Wednesday, October 8th. Citizens Jmp reissued a “market outperform” rating and set a $281.00 target price on shares of Guidewire Software in a report on Wednesday. Oppenheimer upped their target price on Guidewire Software from $275.00 to $300.00 and gave the stock an “outperform” rating in a research report on Friday, September 5th. Wall Street Zen cut Guidewire Software from a “buy” rating to a “hold” rating in a research report on Friday, November 28th. Finally, The Goldman Sachs Group upped their price objective on Guidewire Software from $270.00 to $305.00 and gave the company a “buy” rating in a report on Friday, September 5th. Ten research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $272.92.

Guidewire Software Price Performance

The company has a market cap of $17.05 billion, a price-to-earnings ratio of 190.95, a P/E/G ratio of 12.92 and a beta of 1.08. The company has a current ratio of 3.48, a quick ratio of 3.48 and a debt-to-equity ratio of 0.44. The business has a 50-day moving average price of $226.36 and a 200 day moving average price of $228.81.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings data on Wednesday, December 3rd. The technology company reported $0.66 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.66. Guidewire Software had a return on equity of 10.15% and a net margin of 7.23%.The firm had revenue of $332.64 million for the quarter, compared to the consensus estimate of $316.62 million. During the same quarter in the previous year, the company earned $0.43 EPS. The business’s revenue for the quarter was up 26.5% compared to the same quarter last year. As a group, research analysts expect that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

Institutional Trading of Guidewire Software

Institutional investors have recently made changes to their positions in the stock. Linonia Partnership LP boosted its stake in Guidewire Software by 41.8% during the 1st quarter. Linonia Partnership LP now owns 3,396,310 shares of the technology company’s stock valued at $636,333,000 after purchasing an additional 1,000,709 shares during the period. Qube Research & Technologies Ltd lifted its holdings in shares of 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 buying an additional 711,893 shares during the last quarter. Groupama Asset Managment boosted its position 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 valued at $200,132,000 after acquiring an additional 600,000 shares during the period. Invesco Ltd. boosted its position in shares of Guidewire Software by 70.4% in the first quarter. Invesco Ltd. now owns 1,427,104 shares of the technology company’s stock valued at $267,382,000 after acquiring an additional 589,424 shares during the period. Finally, Alliancebernstein L.P. grew its stake in shares of Guidewire Software by 405.1% in the second quarter. Alliancebernstein L.P. now owns 538,303 shares of the technology company’s stock worth $126,743,000 after acquiring an additional 431,725 shares during the last quarter.

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.