Insider Selling: Guidewire Software (NYSE:GWRE) Insider Sells $1,543,416.00 in Stock

Guidewire Software, Inc. (NYSE:GWRE) insider James King sold 9,187 shares of the firm’s stock in a transaction that occurred on Friday, October 9th. The shares were sold at an average price of $168.00, for a total value of $1,543,416.00. Following the completion of the sale, the insider directly owned 35,371 shares of the company’s stock, valued at approximately $5,942,328. The trade was a 20.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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 shares were sold at an average price of $144.98, for a total value of $200,217.38.
• On Thursday, September 17th, James King sold 11,814 shares of Guidewire Software stock. The shares were sold at an average price of $144.47, for a total value of $1,706,768.58.

Guidewire Software Trading Up 6.7%

GWRE stock opened at $175.91 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.79 and a quick ratio of 1.79. The company has a fifty day moving average price of $167.00 and a two-hundred day moving average price of $147.49. Guidewire Software, Inc. has a one year low of $102.30 and a one year high of $255.89. The stock has a market cap of $14.65 billion, a price-to-earnings ratio of 107.92 and a beta of 1.02.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings data on Thursday, September 3rd. The technology company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.93 by $0.06. The firm had revenue of $411.09 million for the quarter, compared to the consensus estimate of $402.61 million. Guidewire Software had a net margin of 9.44% and a return on equity of 12.66%. The company’s quarterly revenue was up 15.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.84 earnings per share. Equities analysts anticipate that Guidewire Software, Inc. will post 2.45 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Piper Sandler reiterated an “overweight” rating and issued a $210.00 target price on shares of Guidewire Software in a report on Friday, September 4th. Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a research report on Friday, September 4th. Citizens Jmp reiterated a “market outperform” rating and issued a $220.00 price objective on shares of Guidewire Software in a research note on Friday, September 4th. Guggenheim boosted their target price on shares of Guidewire Software from $180.00 to $210.00 and gave the company a “buy” rating in a research report on Thursday, August 27th. Finally, Citigroup increased their target price on shares of Guidewire Software from $137.00 to $181.00 and gave the stock a “neutral” rating in a research note on Friday, September 4th. Twelve research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Guidewire Software presently has an average rating of “Moderate Buy” and an average target price of $216.23.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Fiduciary Financial Advisors bought a new stake in shares of Guidewire Software during the second quarter valued at approximately $29,000. Leonteq Securities AG purchased a new stake in Guidewire Software in the first quarter worth $36,000. Bogart Wealth LLC raised its holdings in Guidewire Software by 127.8% in the first quarter. Bogart Wealth LLC now owns 246 shares of the technology company’s stock worth $37,000 after purchasing an additional 138 shares in the last quarter. Silvant Capital Management LLC bought a new position in Guidewire Software in the second quarter worth $33,000. Finally, Rakuten Securities Inc. bought a new position in Guidewire Software in the second quarter worth $49,000.

Guidewire Software Company Profile

Guidewire Software, Inc develops software for the property and casualty (P&C) insurance industry. Its platform is designed to help insurers manage core operations, modernize legacy systems, and support digital interactions with policyholders, agents, brokers, and other stakeholders.

The company’s principal offerings include Guidewire InsuranceSuite, a cloud-based platform with applications such as PolicyCenter for policy administration, BillingCenter for billing and payments, and ClaimCenter for claims management.