Guidewire Software, Inc. (NYSE:GWRE) CFO Jeffrey Elliott Cooper Sells 10,334 Shares of Stock

Guidewire Software, Inc. (NYSE:GWRE) CFO Jeffrey Elliott Cooper sold 10,334 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $172.16, for a total transaction of $1,779,101.44. Following the completion of the sale, the chief financial officer now directly owns 83,367 shares in the company, valued at $14,352,462.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Thursday, September 19th, Jeffrey Elliott Cooper sold 4,956 shares of Guidewire Software stock. The stock was sold at an average price of $172.70, for a total transaction of $855,901.20.

Guidewire Software Stock Performance

GWRE 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 stock has a market capitalization of $14.43 billion, a price-to-earnings ratio of -1,343.23 and a beta of 1.18. The stock’s fifty day moving average is $150.42 and its two-hundred day moving average is $131.29.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings data on Thursday, September 5th. The technology company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.08. Guidewire Software had a negative net margin of 0.62% and a negative return on equity of 1.32%. The firm had revenue of $291.50 million for the quarter, compared to the consensus estimate of $283.84 million. During the same period last year, the firm posted $0.30 EPS. Guidewire Software’s quarterly revenue was up 8.0% compared to the same quarter last year. As a group, analysts predict that Guidewire Software, Inc. will post 0.49 EPS for the current fiscal year.

Institutional Investors Weigh In On Guidewire Software

A number of hedge funds have recently made changes to their positions in GWRE. Norges Bank bought a new stake in shares of Guidewire Software during the fourth quarter valued at about $97,829,000. PNC Financial Services Group Inc. raised its position in shares of Guidewire Software by 8.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 8,900 shares of the technology company’s stock worth $970,000 after buying an additional 678 shares in the last quarter. Clearbridge Investments LLC acquired a new stake in shares of Guidewire Software in the 4th quarter worth approximately $14,583,000. Corient Private Wealth LLC boosted its holdings in shares of Guidewire Software by 126.6% in the fourth quarter. Corient Private Wealth LLC now owns 8,912 shares of the technology company’s stock valued at $972,000 after acquiring an additional 4,979 shares in the last quarter. Finally, Fortis Capital Advisors LLC bought a new position in shares of Guidewire Software in the fourth quarter valued at approximately $315,000.

Analysts Set New Price Targets

A number of research firms recently commented on GWRE. JMP Securities lifted their price target on Guidewire Software from $141.00 to $179.00 and gave the stock a “market outperform” rating in a research note on Friday, September 6th. Wells Fargo & Company increased their target price on Guidewire Software from $175.00 to $185.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. Royal Bank of Canada boosted their price target on Guidewire Software from $170.00 to $180.00 and gave the company an “outperform” rating in a report on Friday, September 6th. Oppenheimer upped their price target on Guidewire Software from $170.00 to $185.00 and gave the company an “outperform” rating in a research report on Friday, September 6th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a report on Friday, September 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $161.69.

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.