Guidewire Software (NYSE:GWRE) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

Shares of Guidewire Software, Inc. (NYSE:GWRE) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $166.95 and traded as high as $170.88. Guidewire Software shares last traded at $169.50, with a volume of 909,184 shares traded.

Analysts Set New Price Targets

GWRE has been the topic of a number of research analyst reports. Citigroup lifted their price target on shares of Guidewire Software from $123.00 to $165.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. DA Davidson reiterated a “buy” rating and issued a $210.00 target price on shares of Guidewire Software in a research report on Wednesday, December 4th. Wells Fargo & Company upped their price target on shares of Guidewire Software from $215.00 to $220.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. JMP Securities reiterated a “market outperform” rating and issued a $231.00 price objective on shares of Guidewire Software in a report on Friday, December 6th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Guidewire Software in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $193.00.

Guidewire Software Trading Up 1.7 %

The company has a 50 day moving average of $186.24 and a 200-day moving average of $167.20. The stock has a market cap of $14.39 billion, a price-to-earnings ratio of 478.64, a price-to-earnings-growth ratio of 46.15 and a beta of 1.23. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 2.66.

Insiders Place Their Bets

In other news, CEO Michael George Rosenbaum sold 5,932 shares of Guidewire Software stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total transaction of $1,014,727.92. Following the completion of the sale, the chief executive officer now directly owns 281,730 shares of the company’s stock, valued at approximately $48,192,733.80. The trade was a 2.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President John P. Mullen sold 1,350 shares of the business’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $170.43, for a total transaction of $230,080.50. Following the transaction, the president now owns 180,746 shares of the company’s stock, valued at approximately $30,804,540.78. The trade was a 0.74 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,347 shares of company stock worth $4,057,594 over the last 90 days. Corporate insiders own 0.48% of the company’s stock.

Institutional Trading of Guidewire Software

Several institutional investors have recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Guidewire Software by 21.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 345 shares of the technology company’s stock valued at $63,000 after purchasing an additional 60 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in Guidewire Software by 4.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 2,050 shares of the technology company’s stock valued at $283,000 after buying an additional 79 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in shares of Guidewire Software by 3.7% in the third quarter. CIBC Asset Management Inc now owns 2,451 shares of the technology company’s stock valued at $448,000 after acquiring an additional 87 shares during the period. Vanguard Personalized Indexing Management LLC grew its position in shares of Guidewire Software by 1.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 9,078 shares of the technology company’s stock worth $1,252,000 after acquiring an additional 116 shares during the last quarter. Finally, Signaturefd LLC grew its position in shares of Guidewire Software by 2.4% during the third quarter. Signaturefd LLC now owns 6,051 shares of the technology company’s stock worth $1,107,000 after acquiring an additional 139 shares during the last quarter.

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.