David Franklin Peterson Sells 246 Shares of Guidewire Software (NYSE:GWRE) Stock

Guidewire Software, Inc. (NYSE:GWRE) CAO David Franklin Peterson sold 246 shares of Guidewire Software stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $118.74, for a total value of $29,210.04. Following the completion of the sale, the chief accounting officer directly owned 12,287 shares of the company’s stock, valued at approximately $1,458,958.38. This represents a 1.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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.

Guidewire Software Price Performance

Guidewire Software stock opened at $111.32 on Thursday. Guidewire Software, Inc. has a 1 year low of $111.08 and a 1 year high of $272.60. The firm has a 50 day moving average price of $135.48 and a 200 day moving average price of $155.26. The company has a market cap of $9.27 billion, a price-to-earnings ratio of 60.17 and a beta of 0.93. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.44 and a current ratio of 2.44.

Guidewire Software (NYSE:GWRE) last released its earnings results on Thursday, June 4th. The technology company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.08. Guidewire Software had a net margin of 11.25% and a return on equity of 12.62%. The firm had revenue of $372.54 million during the quarter, compared to the consensus estimate of $355.92 million. During the same period in the previous year, the firm earned $0.88 earnings per share. Guidewire Software’s revenue was up 26.9% compared to the same quarter last year. Sell-side analysts predict that Guidewire Software, Inc. will post 1.83 earnings per share for the current year.

Analyst Upgrades and Downgrades

GWRE has been the subject of a number of research reports. The Goldman Sachs Group lowered their price target on Guidewire Software from $255.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, June 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Guidewire Software in a research report on Wednesday, June 3rd. Citizens Jmp lowered their price target on Guidewire Software from $300.00 to $220.00 and set a “market outperform” rating for the company in a research report on Friday, June 5th. BTIG Research reissued a “buy” rating and set a $200.00 price target on shares of Guidewire Software in a research report on Tuesday, June 2nd. Finally, DA Davidson lowered their price target on Guidewire Software from $246.00 to $222.00 and set a “buy” rating for the company in a research report on Monday, June 8th. Eleven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $229.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Guidewire Software by 1.3% in the third quarter. Vanguard Group Inc. now owns 9,039,377 shares of the technology company’s stock valued at $2,077,791,000 after purchasing an additional 116,726 shares during the period. Geode Capital Management LLC boosted its holdings in Guidewire Software by 8.9% in the fourth quarter. Geode Capital Management LLC now owns 1,778,201 shares of the technology company’s stock valued at $357,504,000 after purchasing an additional 145,924 shares during the last quarter. Stockbridge Partners LLC boosted its holdings in Guidewire Software by 39.0% in the fourth quarter. Stockbridge Partners LLC now owns 1,445,206 shares of the technology company’s stock valued at $290,501,000 after purchasing an additional 405,850 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Guidewire Software by 3.6% in the fourth quarter. AQR Capital Management LLC now owns 1,316,817 shares of the technology company’s stock valued at $264,693,000 after purchasing an additional 45,289 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Guidewire Software by 547.3% in the first quarter. Principal Financial Group Inc. now owns 1,180,334 shares of the technology company’s stock valued at $176,537,000 after purchasing an additional 997,992 shares during the last quarter.

Trending Headlines about Guidewire Software

Here are the key news stories impacting Guidewire Software this week:

• Neutral Sentiment: The company reported strong fiscal Q4 results on June 4, beating EPS and revenue estimates and posting 26.9% year-over-year revenue growth, which remains a fundamental positive for GWRE.
• Positive Sentiment: Some commentary points to Guidewire’s buyback program as a possible support for the stock if the recent sell-off continues, and analysts still broadly rate the shares a Moderate Buy.
• Negative Sentiment: Multiple insiders sold shares on June 15–16, including CEO Michael Rosenbaum, CFO Jeffrey Cooper, President John Mullen, and CAO David Franklin Peterson, which can be interpreted as a bearish near-term signal for investor sentiment.
• Negative Sentiment: Several Wall Street firms lowered price targets after earnings, including Stifel, RBC, Goldman Sachs, and DA Davidson, suggesting expectations have cooled even though ratings remain constructive.

Guidewire Software Company Profile

Guidewire Software, Inc develops software products and cloud services for property and casualty (P&C) insurance carriers. Headquartered in San Mateo, California, the company’s offerings are designed to help insurers manage the core functions of their business—policy administration, billing and claims—while supporting digital engagement, analytics and operational modernization.

Guidewire’s core product portfolio is commonly known as the InsuranceSuite, which includes PolicyCenter for policy administration, BillingCenter for billing and receivables, and ClaimCenter for claims management.