Shares of Guidewire Software Inc (NYSE:GWRE) were down 5.5% during mid-day trading on Thursday following insider selling activity. The company traded as low as $76.55 and last traded at $84.76. Approximately 2,601,010 shares were traded during mid-day trading, an increase of 279% from the average daily volume of 685,684 shares. The stock had previously closed at $89.72.

Specifically, Director Craig Conway sold 400 shares of the firm’s stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $107.10, for a total transaction of $42,840.00. Following the completion of the transaction, the director now owns 8,993 shares in the company, valued at $963,150.30. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Marcus Ryu sold 15,935 shares of the firm’s stock in a transaction dated Tuesday, September 18th. The stock was sold at an average price of $105.31, for a total transaction of $1,678,114.85. Following the transaction, the chief executive officer now owns 16,098 shares of the company’s stock, valued at approximately $1,695,280.38. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 88,359 shares of company stock valued at $8,598,456. Corporate insiders own 0.69% of the company’s stock.

A number of research analysts have commented on GWRE shares. Citigroup cut their price target on shares of Guidewire Software from $101.00 to $98.00 and set a “neutral” rating for the company in a research note on Thursday. Zacks Investment Research upgraded shares of Guidewire Software from a “hold” rating to a “buy” rating and set a $107.00 price target for the company in a research note on Tuesday, October 9th. Deutsche Bank raised their price target on shares of Guidewire Software to $110.00 and gave the stock a “buy” rating in a research note on Friday, September 21st. ValuEngine upgraded shares of Guidewire Software from a “buy” rating to a “strong-buy” rating in a research note on Saturday, December 1st. Finally, DA Davidson set a $118.00 price target on shares of Guidewire Software and gave the stock a “buy” rating in a research note on Wednesday. Five equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $109.60.

The firm has a market capitalization of $7.27 billion, a price-to-earnings ratio of 941.78, a P/E/G ratio of 43.98 and a beta of 1.29. The company has a current ratio of 5.43, a quick ratio of 5.43 and a debt-to-equity ratio of 0.21.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings data on Tuesday, December 4th. The technology company reported $0.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.18. The company had revenue of $179.70 million during the quarter, compared to analyst estimates of $162.24 million. Guidewire Software had a negative net margin of 0.72% and a positive return on equity of 3.38%. The company’s revenue was up 66.1% on a year-over-year basis. During the same quarter last year, the business posted ($0.06) earnings per share. On average, equities research analysts predict that Guidewire Software Inc will post 0.26 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of GWRE. Bank of Montreal Can increased its holdings in shares of Guidewire Software by 69.8% during the second quarter. Bank of Montreal Can now owns 12,803 shares of the technology company’s stock worth $1,137,000 after buying an additional 5,264 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Guidewire Software by 3.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 270,234 shares of the technology company’s stock valued at $23,991,000 after purchasing an additional 8,828 shares in the last quarter. Dupont Capital Management Corp increased its holdings in shares of Guidewire Software by 49.0% in the second quarter. Dupont Capital Management Corp now owns 9,522 shares of the technology company’s stock valued at $845,000 after purchasing an additional 3,130 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of Guidewire Software by 182.8% in the second quarter. First Trust Advisors LP now owns 344,859 shares of the technology company’s stock valued at $30,617,000 after purchasing an additional 222,914 shares in the last quarter. Finally, D.A. Davidson & CO. increased its holdings in shares of Guidewire Software by 19.6% in the second quarter. D.A. Davidson & CO. now owns 7,958 shares of the technology company’s stock valued at $707,000 after purchasing an additional 1,306 shares in the last quarter.

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Guidewire Software Company Profile (NYSE:GWRE)

Guidewire Software, Inc provides software products for property and casualty insurers worldwide. The company offers Guidewire InsuranceSuite comprising Guidewire PolicyCenter, BillingCenter, and ClaimCenter applications. It also provides Guidewire InsuranceNow, a cloud-based platform, which offers policy, billing, and claims management functionality to insurers that prefer to subscribe to a cloud-based solution.

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