Guidewire Software, Inc. (NYSE:GWRE) Insider James Winston King Sells 1,509 Shares

Guidewire Software, Inc. (NYSE:GWRE) insider James Winston King sold 1,509 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $171.06, for a total transaction of $258,129.54. Following the completion of the sale, the insider now directly owns 46,728 shares of the company’s stock, valued at $7,993,291.68. This represents a 3.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

James Winston King also recently made the following trade(s):

• On Thursday, December 19th, James Winston King sold 794 shares of Guidewire Software stock. The stock was sold at an average price of $174.43, for a total transaction of $138,497.42.

Guidewire Software Price Performance

NYSE GWRE opened at $172.06 on Friday. The company has a quick ratio of 1.55, a current ratio of 2.66 and a debt-to-equity ratio of 0.53. The firm’s 50 day moving average is $189.77 and its 200-day moving average is $163.86. The company has a market capitalization of $14.37 billion, a PE ratio of 477.94, a price-to-earnings-growth ratio of 45.60 and a beta of 1.18. Guidewire Software, Inc. has a 12-month low of $102.66 and a 12-month high of $209.15.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Assetmark Inc. increased its holdings in shares of Guidewire Software by 537.0% during the third quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock worth $31,000 after purchasing an additional 145 shares during the period. Point72 Hong Kong Ltd bought a new position in Guidewire Software in the third quarter valued at approximately $33,000. Rothschild Investment LLC acquired a new position in Guidewire Software during the second quarter valued at approximately $31,000. Brooklyn Investment Group bought a new stake in Guidewire Software during the third quarter worth $42,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings 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 in the last quarter.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Needham & Company LLC reissued a “hold” rating on shares of Guidewire Software in a research note on Friday, December 6th. Stifel Nicolaus raised their target price on shares of Guidewire Software from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. JPMorgan Chase & Co. upped their price target on shares of Guidewire Software from $210.00 to $228.00 and gave the company an “overweight” rating in a report on Friday, December 6th. DA Davidson reissued a “buy” rating and set a $210.00 price objective on shares of Guidewire Software in a research report on Wednesday, December 4th. Finally, Wells Fargo & Company raised their target price on Guidewire Software from $215.00 to $220.00 and gave the company an “overweight” rating in a report on Friday, December 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Guidewire Software has an average rating of “Moderate Buy” and a consensus price target of $193.00.

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.