Guidewire Software (NYSE:GWRE) CFO Jeffrey Elliott Cooper Sells 1,348 Shares

Guidewire Software, Inc. (NYSE:GWRE) CFO Jeffrey Elliott Cooper sold 1,348 shares of Guidewire Software stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $105.67, for a total value of $142,443.16. Following the transaction, the chief financial officer directly owned 62,119 shares of the company’s stock, valued at approximately $6,564,114.73. This represents a 2.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 value of $308,011.56.

Guidewire Software Stock Down 4.8%

Guidewire Software stock opened at $102.67 on Tuesday. Guidewire Software, Inc. has a fifty-two week low of $102.30 and a fifty-two week high of $272.60. The firm has a market capitalization of $8.55 billion, a price-to-earnings ratio of 55.50 and a beta of 0.93. The stock’s fifty day moving average is $133.69 and its two-hundred day moving average is $152.97. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.44 and a current ratio of 2.44.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings results on Thursday, June 4th. The technology company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.08. Guidewire Software had a return on equity of 12.62% and a net margin of 11.25%.The business had revenue of $372.54 million during the quarter, compared to the consensus estimate of $355.92 million. During the same quarter in the previous year, the company posted $0.88 EPS. The business’s revenue was up 26.9% on a year-over-year basis. Analysts predict that Guidewire Software, Inc. will post 1.83 EPS for the current fiscal year.

Institutional Trading of Guidewire Software

Hedge funds have recently added to or reduced their stakes in the business. Advisors Asset Management Inc. acquired a new position in shares of Guidewire Software during the 1st quarter valued at about $25,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Guidewire Software in the third quarter worth approximately $29,000. Flagship Harbor Advisors LLC purchased a new stake in Guidewire Software in the fourth quarter valued at approximately $36,000. Leonteq Securities AG purchased a new stake in Guidewire Software in the first quarter valued at approximately $36,000. Finally, Bogart Wealth LLC increased its position in Guidewire Software by 127.8% during the first quarter. Bogart Wealth LLC now owns 246 shares of the technology company’s stock worth $37,000 after purchasing an additional 138 shares during the last quarter.

Analysts Set New Price Targets

Several analysts have issued reports on GWRE shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Guidewire Software in a report on Wednesday, June 3rd. BTIG Research reissued a “buy” rating and set a $200.00 price objective on shares of Guidewire Software in a research note on Tuesday, June 2nd. Wells Fargo & Company cut their price objective on Guidewire Software from $210.00 to $190.00 and set an “overweight” rating for the company in a research report on Friday, June 5th. Royal Bank Of Canada reduced their target price on Guidewire Software from $250.00 to $215.00 and set an “outperform” rating on the stock in a research note on Friday, June 5th. Finally, Citizens Jmp lowered their target price on Guidewire Software from $300.00 to $220.00 and set a “market outperform” rating on the stock in a report on Friday, June 5th. Eleven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $229.00.

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.