Guidewire Software, Inc. (NYSE:GWRE) CFO Sells $405,907.18 in Stock

Guidewire Software, Inc. (NYSE:GWRE) CFO Jeffrey Elliott Cooper sold 3,017 shares of the stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $134.54, for a total transaction of $405,907.18. Following the completion of the transaction, the chief financial officer now owns 63,479 shares of the company’s stock, valued at approximately $8,540,464.66. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Thursday, June 20th, Jeffrey Elliott Cooper sold 1,765 shares of Guidewire Software stock. The stock was sold at an average price of $134.20, for a total transaction of $236,863.00.

Guidewire Software Stock Performance

GWRE stock opened at $137.30 on Monday. Guidewire Software, Inc. has a 52-week low of $68.45 and a 52-week high of $138.15. The company’s 50 day simple moving average is $120.19 and its 200-day simple moving average is $115.14.

Institutional Trading of Guidewire Software

Hedge funds and other institutional investors have recently modified their holdings of the business. Linonia Partnership LP purchased a new stake in Guidewire Software in the 4th quarter worth approximately $189,965,000. Massachusetts Financial Services Co. MA purchased a new stake in shares of Guidewire Software during the fourth quarter worth $105,311,000. Norges Bank acquired a new stake in Guidewire Software during the fourth quarter valued at $97,829,000. Jacobs Levy Equity Management Inc. grew its stake in Guidewire Software by 628.6% in the third quarter. Jacobs Levy Equity Management Inc. now owns 313,151 shares of the technology company’s stock valued at $28,184,000 after purchasing an additional 270,169 shares in the last quarter. Finally, Whale Rock Capital Management LLC increased its position in Guidewire Software by 23.4% in the 1st quarter. Whale Rock Capital Management LLC now owns 1,270,870 shares of the technology company’s stock worth $148,323,000 after purchasing an additional 240,622 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on GWRE shares. Stifel Nicolaus boosted their target price on Guidewire Software from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, June 5th. Wells Fargo & Company boosted their price objective on Guidewire Software from $140.00 to $150.00 and gave the stock an “overweight” rating in a research note on Friday. Royal Bank of Canada reaffirmed an “outperform” rating and set a $130.00 target price on shares of Guidewire Software in a research note on Wednesday, June 5th. BTIG Research boosted their price target on shares of Guidewire Software from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, June 5th. Finally, Oppenheimer upped their price target on shares of Guidewire Software from $130.00 to $140.00 and gave the company an “outperform” rating in a report on Wednesday, June 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Guidewire Software currently has an average rating of “Moderate Buy” and a consensus target price of $130.00.

Guidewire Software Company Profile

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.