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

Guidewire Software, Inc. (NYSE:GWRE) CFO Jeffrey Elliott Cooper sold 10,334 shares of the firm’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $172.16, for a total value of $1,779,101.44. Following the completion of the sale, the chief financial officer now owns 83,367 shares in the company, valued at $14,352,462.72. The transaction was disclosed in a document filed 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 shares were sold at an average price of $172.70, for a total value of $855,901.20.

Guidewire Software Stock Up 1.3 %

Shares of Guidewire Software stock traded up $2.19 during trading on Thursday, reaching $174.62. The company’s stock had a trading volume of 804,260 shares, compared to its average volume of 670,726. The business has a 50 day moving average price of $149.67 and a 200-day moving average price of $130.98. The company has a market capitalization of $14.43 billion, a P/E ratio of -1,319.23 and a beta of 1.18. Guidewire Software, Inc. has a 12-month low of $85.15 and a 12-month high of $174.68.

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

Institutional Trading of Guidewire Software

A number of institutional investors have recently bought and sold shares of the company. Sanctuary Advisors LLC purchased a new position in shares of Guidewire Software in the second quarter valued at $429,000. Cetera Investment Advisers grew its stake in Guidewire Software by 2.1% in the 2nd quarter. Cetera Investment Advisers now owns 18,489 shares of the technology company’s stock valued at $2,549,000 after acquiring an additional 372 shares during the last quarter. Quarry LP purchased a new position in Guidewire Software during the 2nd quarter valued at about $77,000. Creative Planning lifted its stake in Guidewire Software by 26.1% in the 2nd quarter. Creative Planning now owns 13,211 shares of the technology company’s stock valued at $1,822,000 after buying an additional 2,731 shares in the last quarter. Finally, Algert Global LLC acquired a new stake in shares of Guidewire Software during the second quarter valued at $1,099,000.

Wall Street Analysts Forecast Growth

Several brokerages have commented on GWRE. JPMorgan Chase & Co. increased their price target on shares of Guidewire Software from $133.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, June 5th. Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a research note on Friday, September 6th. Wells Fargo & Company boosted their target price on Guidewire Software from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Friday, September 6th. Royal Bank of Canada raised their price target on Guidewire Software from $170.00 to $180.00 and gave the stock an “outperform” rating in a research note on Friday, September 6th. Finally, The Goldman Sachs Group boosted their price objective on Guidewire Software from $146.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $161.69.

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.