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

Guidewire Software, Inc. (NYSE:GWRE) insider James King sold 9,187 shares of Guidewire Software stock in a transaction dated Friday, October 9th. The shares were 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 directly owned 35,371 shares in the company, valued at $5,942,328. This represents a 20.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 stock was sold at an average price of $144.98, for a total value 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 value of $1,706,768.58.

Guidewire Software Stock Down 0.5%

NYSE:GWRE opened at $164.94 on Thursday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.79 and a current ratio of 1.79. The company has a market cap of $13.73 billion, a PE ratio of 101.19 and a beta of 1.02. Guidewire Software, Inc. has a 52-week low of $102.30 and a 52-week high of $255.89. The stock has a 50-day simple moving average of $166.68 and a 200 day simple moving average of $147.27.

Guidewire Software (NYSE:GWRE) last announced its earnings results on Thursday, September 3rd. The technology company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.06. The business had revenue of $411.09 million for the quarter, compared to analyst estimates of $402.61 million. Guidewire Software had a return on equity of 12.66% and a net margin of 9.44%. Guidewire Software’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.84 EPS. On average, sell-side analysts expect 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 stock. Fiduciary Financial Advisors bought a new position in shares of Guidewire Software during the 2nd quarter worth approximately $29,000. Leonteq Securities AG bought a new stake in Guidewire Software in the 1st quarter valued at $36,000. Bogart Wealth LLC raised its stake in Guidewire Software by 127.8% in the 1st quarter. Bogart Wealth LLC now owns 246 shares of the technology company’s stock valued at $37,000 after acquiring an additional 138 shares during the period. Silvant Capital Management LLC bought a new stake in Guidewire Software in the 2nd quarter valued at $33,000. Finally, Rakuten Securities Inc. bought a new stake in Guidewire Software in the 2nd quarter valued at $49,000.

Analysts Set New Price Targets

A number of brokerages have recently commented on GWRE. Citizens Jmp reissued a “market outperform” rating and issued a $220.00 price objective on shares of Guidewire Software in a research report on Friday, September 4th. Robert W. Baird raised their target price on shares of Guidewire Software from $202.00 to $235.00 and gave the company an “outperform” rating in a research report on Monday, August 31st. JPMorgan Chase & Co. decreased their target price on shares of Guidewire Software from $300.00 to $258.00 and set an “overweight” rating for the company in a research report on Tuesday, July 14th. Piper Sandler reiterated an “overweight” rating and issued a $210.00 price target on shares of Guidewire Software in a research note on Friday, September 4th. Finally, Oppenheimer boosted their price target on shares of Guidewire Software from $200.00 to $210.00 and gave the stock an “outperform” rating in a research report on Friday, September 4th. Twelve investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Guidewire Software has a consensus rating of “Moderate Buy” and a consensus price target of $216.23.

About Guidewire Software

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.