John P. Mullen Sells 1,350 Shares of Guidewire Software, Inc. (NYSE:GWRE) Stock

Guidewire Software, Inc. (NYSE:GWRE) President John P. Mullen sold 1,350 shares of the company’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $170.43, for a total transaction of $230,080.50. Following the transaction, the president now owns 180,746 shares in the company, valued at approximately $30,804,540.78. This trade represents a 0.74 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Guidewire Software Price Performance

NYSE:GWRE opened at $176.03 on Friday. The company has a 50 day moving average price of $189.58 and a 200-day moving average price of $164.32. Guidewire Software, Inc. has a 1-year low of $102.66 and a 1-year high of $209.15. The firm has a market cap of $14.70 billion, a price-to-earnings ratio of 488.97, a price-to-earnings-growth ratio of 45.60 and a beta of 1.18. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 1.55.

Analysts Set New Price Targets

GWRE has been the topic of several research analyst reports. Oppenheimer boosted their target price on shares of Guidewire Software from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. DA Davidson reissued a “buy” rating and issued a $210.00 target price on shares of Guidewire Software in a research report on Wednesday, December 4th. Wells Fargo & Company raised their target price on Guidewire Software from $215.00 to $220.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Stifel Nicolaus boosted their price target on Guidewire Software from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Finally, JPMorgan Chase & Co. raised their price objective on Guidewire Software from $210.00 to $228.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $193.00.

Institutional Inflows and Outflows

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