Tidal Investments LLC has sold its position in Guidewire Software, Inc. (NYSE:GWRE – Free Report) fell 6.9% during the third quarter, Holdings Channel reports. The company owned 3,473 shares of the technology company after selling 257 shares during the quarter. Tidal Investments LLC’s holdings in Guidewire Software were worth $635,000 at the end of the most recent reporting period.
Several other major investors have also made changes to their positions in GWRE. Rothschild Investment LLC acquired a new position in Guidewire Software during the second quarter valued at approximately $31,000. Assetmark Inc. increased its stake in shares of Guidewire Software by 537.0% in the third quarter. Assetmark Inc. now owns 172 shares of the technology company worth $31,000, after acquiring an additional 145 shares last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Guidewire Software during the third quarter valued at approximately $33,000. Brooklyn Investment Group bought a new stake in Guidewire Software during the third quarter worth approximately $42,000. Finally, Canada Pension Plan Investment Board acquired a new stake in Guidewire Software worth $55,000 in the second quarter.
Buying and selling with insider information
In related news, CEO Michael George Rosenbaum sold 5,932 shares of the company’s stock in a transaction on Tuesday, December 17. The stock sold at an average price of $171.06, for a total transaction of $1,014,727.92. Following the sale, the CEO now owns 281,730 shares of the company’s stock, valued at approximately $48,192,733.80. This trade represents a 2.06% drop in their position. The sale was disclosed in a filing with the SEC, which can be accessed via this link. Also, President John P. Mullen sold 1,350 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares sold at an average price of $197.72, for a total value of $266,922.00. Following the completion of the transaction, the President now directly owns 189,261 shares of the company’s stock, valued at approximately $37,420,684.92. The transaction represented a 0.71% decrease in their ownership of the shares. The explanation of this sale can be found here. Insiders have sold 23,347 company shares worth $4,057,594 in the last 90 days. 0.48% of the shares are owned by insiders.
Guidewire Software Price-Performance
Shares of GWRE opened at $176.03 on Friday. The stock has a market cap of $14.70 billion, a price-to-earnings ratio of 488.97, a price-to-earnings growth ratio of 45.60 and a beta of 1.18. Guidewire Software, Inc. has a 1-year low of $102.66 and a 1-year high of $209.15. The stock’s 50-day moving average price is $189.58 and its two-hundred-day moving average price is $164.32. The company has a current ratio of 2.66, a quick ratio of 1.55 and a debt-to-equity ratio of 0.53.
Analysts set new price targets
GWRE has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised their price objective on Guidewire Software from $210.00 to $228.00 and gave the stock an “overweight” rating in a research note on Friday, December 6. Wells Fargo & Company lifted their price objective on shares of Guidewire Software from $215.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday, December 6. Oppenheimer raised their target price on shares of Guidewire Software from $220.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, December 6. Citigroup raised their price target on shares of Guidewire Software from $123.00 to $165.00 and gave the company a “neutral” rating in a research note on Monday, September 9. Finally, BTIG Research raised their price target on shares of Guidewire Software from $140.00 to $165.00 and gave the company a “buy” rating in a report on Friday, August 30. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, Guidewire Software currently has a consensus rating of “Moderate Buy” and an average price target of $193.00.
Check out our latest research report on Guidewire software
Guidewire software profile
(Free report)
Guidewire Software, Inc provides a platform for property and casualty insurers worldwide. The company offers Guidewire InsuranceSuite Cloud, such as PolicyCenter Cloud, BillingCenter Cloud and ClaimCenter Cloud applications. It also offers Guidewire InsuranceNow, a cloud-based platform that provides policy, billing and claims management functionality to insurers; and Guidewire InsuranceSuite for self-management.
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