Guidewire Software (NYSE:GWRE) Insider James Winston King Sells 9,187 Shares of Stock

Guidewire Software, Inc. (NYSE:GWRE) insider James King sold 9,187 shares of the stock in a transaction on Friday, October 9th. The stock was sold at an average price of $168.00, for a total value of $1,543,416.00. Following the completion of the sale, the insider owned 35,371 shares in the company, valued at $5,942,328. This trade represents a 20.62% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Friday, September 18th, James King sold 1,381 shares of Guidewire Software stock. The shares were sold at an average price of $144.98, for a total transaction of $200,217.38.
• On Thursday, September 17th, James King sold 11,814 shares of Guidewire Software stock. The stock was sold at an average price of $144.47, for a total transaction of $1,706,768.58.

Guidewire Software Price Performance

Shares of Guidewire Software stock opened at $164.45 on Tuesday. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $13.69 billion, a PE ratio of 100.89 and a beta of 1.02. The business’s 50-day moving average price is $166.48 and its 200-day moving average price is $147.06. Guidewire Software, Inc. has a 12 month low of $102.30 and a 12 month high of $255.89.

Guidewire Software (NYSE:GWRE) last issued its earnings results on Thursday, September 3rd. The technology company reported $0.99 EPS for the quarter, topping 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 company had revenue of $411.09 million for the quarter, compared to analysts’ expectations of $402.61 million. During the same quarter last year, the company earned $0.84 EPS. The firm’s revenue was up 15.3% compared to the same quarter last year. Sell-side analysts forecast that Guidewire Software, Inc. will post 2.45 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Wedmont Private Capital increased its holdings in shares of Guidewire Software by 83.2% in the 3rd quarter. Wedmont Private Capital now owns 3,248 shares of the technology company’s stock worth $463,000 after purchasing an additional 1,475 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Guidewire Software by 49.0% during the third quarter. GAMMA Investing LLC now owns 4,129 shares of the technology company’s stock valued at $589,000 after purchasing an additional 1,357 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of Guidewire Software by 70.4% during the third quarter. Farther Finance Advisors LLC now owns 4,210 shares of the technology company’s stock valued at $600,000 after buying an additional 1,739 shares during the last quarter. Elevation Wealth Partners LLC boosted its position in shares of Guidewire Software by 63.1% during the third quarter. Elevation Wealth Partners LLC now owns 747 shares of the technology company’s stock valued at $107,000 after buying an additional 289 shares during the last quarter. Finally, CX Institutional increased its holdings in Guidewire Software by 8.6% in the 3rd quarter. CX Institutional now owns 863 shares of the technology company’s stock worth $123,000 after buying an additional 68 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Citizens Jmp reissued a “market outperform” rating and set a $220.00 price objective on shares of Guidewire Software in a research report on Friday, September 4th. Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a research report on Friday, September 4th. Piper Sandler reaffirmed an “overweight” rating and set a $210.00 target price on shares of Guidewire Software in a research note on Friday, September 4th. BTIG Research boosted their price target on shares of Guidewire Software from $175.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, September 2nd. Finally, Wells Fargo & Company increased their price target on shares of Guidewire Software from $190.00 to $195.00 and gave the stock an “overweight” rating in a research note on Friday, September 4th. Twelve research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $216.23.

Guidewire Software Company Profile

Guidewire Software, Inc develops software for the property and casualty (P&C) insurance industry. Its platform is designed to help insurers manage core operations, modernize legacy systems, and support digital interactions with policyholders, agents, brokers, and other stakeholders.

The company’s principal offerings include Guidewire InsuranceSuite, a cloud-based platform with applications such as PolicyCenter for policy administration, BillingCenter for billing and payments, and ClaimCenter for claims management.