Insider Selling: Guidewire Software (NYSE:GWRE) CFO Sells $1,417,686.01 in Stock

Guidewire Software, Inc. (NYSE:GWRE) CFO Jeffrey Cooper sold 9,941 shares of the company’s stock in a transaction dated Friday, September 18th. The stock was sold at an average price of $142.61, for a total value of $1,417,686.01. Following the completion of the transaction, the chief financial officer directly owned 85,420 shares of the company’s stock, valued at approximately $12,181,746.20. This trade represents a 10.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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.

Jeffrey Elliott Cooper also recently made the following trade(s):

• On Thursday, September 17th, Jeffrey Cooper sold 23,234 shares of Guidewire Software stock. The stock was sold at an average price of $144.47, for a total value of $3,356,615.98.

Guidewire Software Price Performance

NYSE GWRE traded up $5.10 during trading hours 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. The firm’s 50-day moving average price is $164.08 and its 200-day moving average price is $147.50. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.57. Guidewire Software, Inc. has a 1 year low of $102.30 and a 1 year high of $255.89. The company has a market capitalization of $12.44 billion, a price-to-earnings ratio of 91.65 and a beta of 0.97.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings data on Thursday, September 3rd. The technology company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.06. Guidewire Software had a net margin of 9.44% and a return on equity of 12.66%. The business had revenue of $411.09 million during the quarter, compared to analyst estimates of $402.61 million. During the same period last year, the firm posted $0.84 EPS. The company’s revenue was up 15.3% on a year-over-year basis. On average, equities research analysts predict that Guidewire Software, Inc. will post 2.46 EPS for the current fiscal year.

Analyst Ratings Changes

GWRE has been the topic of a number of research reports. Guggenheim lifted their price target on shares of Guidewire Software from $180.00 to $210.00 and gave the company a “buy” rating in a report on Thursday, August 27th. Citizens Jmp reissued a “market outperform” rating and set a $220.00 price objective on shares of Guidewire Software in a report on Friday, September 4th. JPMorgan Chase & Co. cut their price objective on Guidewire Software from $300.00 to $258.00 and set an “overweight” rating for the company in a research report on Tuesday, July 14th. Robert W. Baird lifted their target price on Guidewire Software from $202.00 to $235.00 and gave the stock an “outperform” rating in a report on Monday, August 31st. Finally, Piper Sandler reiterated an “overweight” rating and issued a $210.00 target price on shares of Guidewire Software in a research report on Friday, September 4th. Twelve investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Guidewire Software presently has an average rating of “Moderate Buy” and a consensus target price of $216.23.

Institutional Investors Weigh In On Guidewire Software

Large investors have recently bought and sold shares of the business. Fiduciary Financial Advisors bought a new position in Guidewire Software during the second quarter valued at $29,000. Leonteq Securities AG purchased a new stake in shares of Guidewire Software during the 1st quarter valued at about $36,000. Bogart Wealth LLC lifted its holdings in shares of Guidewire Software by 127.8% in the 1st quarter. Bogart Wealth LLC now owns 246 shares of the technology company’s stock valued at $37,000 after acquiring an additional 138 shares during the last quarter. Harbour Investments Inc. lifted its holdings in shares of Guidewire Software by 83.0% in the 4th quarter. Harbour Investments Inc. now owns 247 shares of the technology company’s stock valued at $50,000 after acquiring an additional 112 shares during the last quarter. Finally, Silvant Capital Management LLC purchased a new position in Guidewire Software in the second quarter worth about $33,000.

Guidewire Software Company Profile

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.