John Mullen Sells 4,292 Shares of Guidewire Software (NYSE:GWRE) Stock

Guidewire Software, Inc. (NYSE:GWRE) President John Mullen sold 4,292 shares of the stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $118.74, for a total value of $509,632.08. Following the sale, the president owned 131,115 shares in the company, valued at approximately $15,568,595.10. This represents a 3.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Guidewire Software Trading Down 5.2%

NYSE:GWRE opened at $111.32 on Thursday. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 0.51. Guidewire Software, Inc. has a 12 month low of $111.08 and a 12 month high of $272.60. The company has a market cap of $9.27 billion, a PE ratio of 60.17 and a beta of 0.93. The company has a 50 day simple moving average of $135.48 and a two-hundred day simple moving average of $155.26.

Guidewire Software (NYSE:GWRE) last posted its earnings results on Thursday, June 4th. The technology company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08. Guidewire Software had a net margin of 11.25% and a return on equity of 12.62%. The business had revenue of $372.54 million during the quarter, compared to the consensus estimate of $355.92 million. During the same quarter in the previous year, the firm posted $0.88 EPS. The firm’s revenue was up 26.9% on a year-over-year basis. Research analysts forecast that Guidewire Software, Inc. will post 1.83 earnings per share for the current year.

Wall Street Analysts Forecast Growth

GWRE has been the subject of a number of research analyst reports. Royal Bank Of Canada cut their target price on shares of Guidewire Software from $250.00 to $215.00 and set an “outperform” rating for the company in a research report on Friday, June 5th. Zacks Research downgraded shares of Guidewire Software from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. DA Davidson cut their target price on shares of Guidewire Software from $246.00 to $222.00 and set a “buy” rating for the company in a research report on Monday, June 8th. Oppenheimer cut their target price on shares of Guidewire Software from $250.00 to $180.00 and set an “outperform” rating for the company in a research report on Monday, May 18th. Finally, Citizens Jmp cut their target price on shares of Guidewire Software from $300.00 to $220.00 and set a “market outperform” rating for the company in a research report on Friday, June 5th. Eleven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Guidewire Software has an average rating of “Moderate Buy” and an average target price of $229.00.

Institutional Trading of Guidewire Software

Several institutional investors and hedge funds have recently modified their holdings of GWRE. Advisors Asset Management Inc. bought a new stake in shares of Guidewire Software during the 1st quarter valued at $25,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Guidewire Software during the 3rd quarter valued at $29,000. Flagship Harbor Advisors LLC bought a new stake in shares of Guidewire Software during the 4th quarter valued at $36,000. Leonteq Securities AG bought a new stake in shares of Guidewire Software during the 1st quarter valued at $36,000. Finally, Bogart Wealth LLC raised its position in shares of Guidewire Software by 127.8% during the 1st quarter. Bogart Wealth LLC now owns 246 shares of the technology company’s stock valued at $37,000 after purchasing an additional 138 shares during the period.

Guidewire Software News Roundup

Here are the key news stories impacting Guidewire Software this week:

• Neutral Sentiment: The company reported strong fiscal Q4 results on June 4, beating EPS and revenue estimates and posting 26.9% year-over-year revenue growth, which remains a fundamental positive for GWRE.
• Positive Sentiment: Some commentary points to Guidewire’s buyback program as a possible support for the stock if the recent sell-off continues, and analysts still broadly rate the shares a Moderate Buy.
• Negative Sentiment: Multiple insiders sold shares on June 15–16, including CEO Michael Rosenbaum, CFO Jeffrey Cooper, President John Mullen, and CAO David Franklin Peterson, which can be interpreted as a bearish near-term signal for investor sentiment.
• Negative Sentiment: Several Wall Street firms lowered price targets after earnings, including Stifel, RBC, Goldman Sachs, and DA Davidson, suggesting expectations have cooled even though ratings remain constructive.

Guidewire Software Company Profile

Guidewire Software, Inc develops software products and cloud services for property and casualty (P&C) insurance carriers. Headquartered in San Mateo, California, the company’s offerings are designed to help insurers manage the core functions of their business—policy administration, billing and claims—while supporting digital engagement, analytics and operational modernization.

Guidewire’s core product portfolio is commonly known as the InsuranceSuite, which includes PolicyCenter for policy administration, BillingCenter for billing and receivables, and ClaimCenter for claims management.