Insider Selling: Guidewire Software (NYSE:GWRE) CFO Sells $142,443.16 in Stock

Guidewire Software, Inc. (NYSE:GWRE) CFO Jeffrey Elliott Cooper sold 1,348 shares of the stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $105.67, for a total transaction of $142,443.16. Following the sale, the chief financial officer owned 62,119 shares in the company, valued at approximately $6,564,114.73. This trade represents a 2.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, June 16th, Jeffrey Elliott Cooper sold 2,594 shares of Guidewire Software stock. The stock was sold at an average price of $118.74, for a total transaction of $308,011.56.

Guidewire Software Stock Performance

Shares of GWRE stock opened at $110.53 on Thursday. The company has a market cap of $9.20 billion, a P/E ratio of 59.75 and a beta of 0.93. The business has a 50 day moving average of $133.24 and a two-hundred day moving average of $151.51. Guidewire Software, Inc. has a 52 week low of $102.30 and a 52 week high of $272.60. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.51.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings results on Thursday, June 4th. The technology company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08. The business had revenue of $372.54 million for the quarter, compared to analysts’ expectations of $355.92 million. Guidewire Software had a return on equity of 12.62% and a net margin of 11.25%.The business’s quarterly revenue was up 26.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.88 EPS. As a group, analysts anticipate that Guidewire Software, Inc. will post 1.83 EPS for the current year.

Wall Street Analyst Weigh In

GWRE has been the topic of a number of recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Guidewire Software in a research note on Wednesday, June 3rd. The Goldman Sachs Group lowered their price target on shares of Guidewire Software from $255.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, June 5th. BTIG Research reiterated a “buy” rating and issued a $200.00 price objective on shares of Guidewire Software in a research report on Tuesday, June 2nd. Citizens Jmp reduced their target price on shares of Guidewire Software from $300.00 to $220.00 and set a “market outperform” rating for the company in a research note on Friday, June 5th. Finally, DA Davidson decreased their target price on shares of Guidewire Software from $246.00 to $222.00 and set a “buy” rating for the company in a research report on Monday, June 8th. Ten analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $223.64.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in GWRE. Advisors Asset Management Inc. acquired a new position in shares of Guidewire Software during the first quarter valued at $25,000. Amundi lifted its holdings in Guidewire Software by 703.0% in the second quarter. Amundi now owns 36,093 shares of the technology company’s stock worth $8,220,000 after purchasing an additional 31,598 shares during the period. Jump Financial LLC acquired a new stake in Guidewire Software in the second quarter worth about $305,000. Bank of Nova Scotia grew its position in Guidewire Software by 30.9% in the 2nd quarter. Bank of Nova Scotia now owns 2,024 shares of the technology company’s stock valued at $477,000 after buying an additional 478 shares in the last quarter. Finally, NewEdge Advisors LLC grew its position in Guidewire Software by 30.6% in the 2nd quarter. NewEdge Advisors LLC now owns 4,911 shares of the technology company’s stock valued at $1,156,000 after buying an additional 1,152 shares in the last quarter.

About Guidewire Software

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.