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

Guidewire Software, Inc. (NYSE:GWRE) insider John P. Mullen sold 1,350 shares of the business’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $111.35, for a total transaction of $150,322.50. Following the completion of the sale, the insider now owns 148,047 shares in the company, valued at approximately $16,485,033.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Guidewire Software Stock Down 0.9 %

Shares of GWRE opened at $108.28 on Thursday. Guidewire Software, Inc. has a 12-month low of $68.45 and a 12-month high of $122.35. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.45 and a quick ratio of 3.45. The firm has a fifty day moving average price of $115.74 and a 200-day moving average price of $105.73.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings data on Thursday, March 7th. The technology company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.22. The firm had revenue of $240.90 million during the quarter, compared to the consensus estimate of $240.93 million. Guidewire Software had a negative return on equity of 3.60% and a negative net margin of 5.48%. On average, equities analysts expect that Guidewire Software, Inc. will post -0.42 EPS for the current year.

Analyst Ratings Changes

GWRE has been the subject of several recent analyst reports. Wells Fargo & Company raised shares of Guidewire Software from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, December 20th. Raymond James initiated coverage on shares of Guidewire Software in a research note on Thursday, February 1st. They set an “outperform” rating and a $125.00 price objective for the company. DA Davidson reaffirmed a “buy” rating and set a $126.00 price objective on shares of Guidewire Software in a research note on Tuesday, March 5th. Oppenheimer lifted their price objective on shares of Guidewire Software from $115.00 to $130.00 and gave the stock an “outperform” rating in a research note on Thursday, February 22nd. Finally, Robert W. Baird lifted their price objective on shares of Guidewire Software from $131.00 to $140.00 and gave the stock an “outperform” rating in a research note on Thursday, March 7th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Guidewire Software has an average rating of “Moderate Buy” and a consensus target price of $115.11.

Institutional Trading of Guidewire Software

Several institutional investors and hedge funds have recently made changes to their positions in GWRE. Banque Cantonale Vaudoise bought a new stake in shares of Guidewire Software in the third quarter valued at about $25,000. RiverPark Advisors LLC bought a new stake in shares of Guidewire Software in the fourth quarter valued at about $27,000. Transcendent Capital Group LLC bought a new stake in shares of Guidewire Software in the fourth quarter valued at about $27,000. CENTRAL TRUST Co bought a new position in Guidewire Software in the third quarter worth about $29,000. Finally, Castleview Partners LLC bought a new position in Guidewire Software in the third quarter worth about $40,000.

About Guidewire Software

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.