James Winston King Sells 794 Shares of Guidewire Software, Inc. (NYSE:GWRE) Stock

Guidewire Software, Inc. (NYSE:GWRE) insider James Winston King sold 794 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $174.43, for a total transaction of $138,497.42. Following the transaction, the insider now owns 45,934 shares in the company, valued at $8,012,267.62. The trade was a 1.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

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

• On Tuesday, December 17th, James Winston King sold 1,509 shares of Guidewire Software stock. The stock was sold at an average price of $171.06, for a total transaction of $258,129.54.

Guidewire Software Trading Up 2.3 %

GWRE opened at $176.03 on Friday. The firm’s fifty day moving average is $189.77 and its two-hundred day moving average is $163.86. The firm has a market cap of $14.70 billion, a PE ratio of 488.97, a price-to-earnings-growth ratio of 45.60 and a beta of 1.18. Guidewire Software, Inc. has a twelve month low of $102.66 and a twelve month high of $209.15. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 2.66.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on GWRE shares. Stifel Nicolaus lifted their target price on Guidewire Software from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. DA Davidson reiterated a “buy” rating and issued a $210.00 price objective on shares of Guidewire Software in a research report on Wednesday, December 4th. Royal Bank of Canada upped their target price on shares of Guidewire Software from $215.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. JPMorgan Chase & Co. lifted their price target on shares of Guidewire Software from $210.00 to $228.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Finally, Oppenheimer increased their price objective on shares of Guidewire Software from $220.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Guidewire Software has a consensus rating of “Moderate Buy” and a consensus price target of $193.00.

Institutional Trading of Guidewire Software

A number of large investors have recently made changes to their positions in the company. Assetmark Inc. grew its stake in Guidewire Software by 537.0% in the third quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock valued at $31,000 after acquiring an additional 145 shares during the period. Point72 Hong Kong Ltd bought a new position in shares of Guidewire Software during the 3rd quarter valued at about $33,000. Rothschild Investment LLC acquired a new position in shares of Guidewire Software in the 2nd quarter valued at approximately $31,000. Brooklyn Investment Group acquired a new position in shares of Guidewire Software in the 3rd quarter valued at approximately $42,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in Guidewire Software by 21.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 345 shares of the technology company’s stock worth $63,000 after purchasing an additional 60 shares in 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.