Guidewire Software, Inc. (NYSE:GWRE) CFO Jeffrey Elliott Cooper Sells 4,956 Shares

Guidewire Software, Inc. (NYSE:GWRE) CFO Jeffrey Elliott Cooper sold 4,956 shares of the stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $172.70, for a total value of $855,901.20. Following the sale, the chief financial officer now owns 78,411 shares in the company, valued at approximately $13,541,579.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Tuesday, September 17th, Jeffrey Elliott Cooper sold 10,334 shares of Guidewire Software stock. The stock was sold at an average price of $172.16, for a total transaction of $1,779,101.44.

Guidewire Software Price Performance

Shares of Guidewire Software stock opened at $174.62 on Friday. Guidewire Software, Inc. has a 1 year low of $85.15 and a 1 year high of $174.68. The company has a market capitalization of $14.43 billion, a P/E ratio of -1,343.23 and a beta of 1.18. The business has a 50-day moving average of $150.42 and a two-hundred day moving average of $131.29.

Guidewire Software (NYSE:GWRE) last posted its earnings results on Thursday, September 5th. The technology company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.08. Guidewire Software had a negative return on equity of 1.32% and a negative net margin of 0.62%. The business had revenue of $291.50 million during the quarter, compared to analysts’ expectations of $283.84 million. During the same period in the prior year, the business earned $0.30 EPS. Guidewire Software’s revenue for the quarter was up 8.0% compared to the same quarter last year. On average, equities analysts anticipate that Guidewire Software, Inc. will post 0.49 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on GWRE shares. BTIG Research boosted their target price on shares of Guidewire Software from $140.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. The Goldman Sachs Group boosted their price objective on shares of Guidewire Software from $146.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Citigroup lifted their target price on Guidewire Software from $123.00 to $165.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. Bank of America boosted their target price on Guidewire Software from $80.00 to $95.00 and gave the stock an “underperform” rating in a research report on Wednesday, June 5th. Finally, JPMorgan Chase & Co. lifted their price objective on Guidewire Software from $133.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 5th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $161.69.

Institutional Investors Weigh In On Guidewire Software

Several institutional investors have recently added to or reduced their stakes in the stock. Norges Bank bought a new position in Guidewire Software during the 4th quarter worth about $97,829,000. Massachusetts Financial Services Co. MA boosted its position in shares of Guidewire Software by 23.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,747,349 shares of the technology company’s stock worth $378,832,000 after buying an additional 516,942 shares during the period. Whale Rock Capital Management LLC grew its holdings in shares of Guidewire Software by 23.4% during the first quarter. Whale Rock Capital Management LLC now owns 1,270,870 shares of the technology company’s stock worth $148,323,000 after buying an additional 240,622 shares in the last quarter. Teca Partners LP acquired a new stake in Guidewire Software in the 2nd quarter valued at approximately $25,893,000. Finally, Linonia Partnership LP raised its position in Guidewire Software by 8.4% in the 2nd quarter. Linonia Partnership LP now owns 2,395,601 shares of the technology company’s stock valued at $330,329,000 after buying an additional 185,077 shares during the last quarter.

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.