Guidewire Software (NYSE:GWRE) PT Raised to $150.00

Guidewire Software (NYSE:GWREGet Free Report) had its price objective hoisted by analysts at Wells Fargo & Company from $140.00 to $150.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the technology company’s stock. Wells Fargo & Company‘s target price would suggest a potential upside of 9.25% from the company’s previous close.

Other equities research analysts have also issued research reports about the company. Robert W. Baird lifted their price target on Guidewire Software from $140.00 to $152.00 and gave the stock an “outperform” rating in a research note on Thursday, June 6th. Bank of America upped their target price on Guidewire Software from $80.00 to $95.00 and gave the stock an “underperform” rating in a research note on Wednesday, June 5th. Citigroup lifted their price target on shares of Guidewire Software from $109.00 to $122.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 4th. BTIG Research upped their price objective on shares of Guidewire Software from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, June 5th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Guidewire Software from $133.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $130.00.

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Guidewire Software Stock Performance

GWRE opened at $137.30 on Friday. The firm has a market cap of $11.35 billion, a P/E ratio of -1,056.07 and a beta of 1.14. The firm has a 50-day moving average of $120.19 and a 200 day moving average of $115.02. Guidewire Software has a fifty-two week low of $68.45 and a fifty-two week high of $138.15.

Insider Buying and Selling at Guidewire Software

In other news, insider John P. Mullen sold 1,350 shares of Guidewire Software stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $123.16, for a total value of $166,266.00. Following the completion of the transaction, the insider now owns 146,697 shares in the company, valued at approximately $18,067,202.52. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Guidewire Software news, insider John P. Mullen sold 1,350 shares of the business’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $123.16, for a total transaction of $166,266.00. Following the completion of the transaction, the insider now owns 146,697 shares in the company, valued at approximately $18,067,202.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael George Rosenbaum sold 5,582 shares of Guidewire Software stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $134.54, for a total value of $751,002.28. Following the transaction, the chief executive officer now owns 239,793 shares in the company, valued at $32,261,750.22. The disclosure for this sale can be found here. Insiders sold a total of 8,282 shares of company stock valued at $1,067,591 in the last ninety days. Insiders own 0.38% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. RiverPark Advisors LLC bought a new position in shares of Guidewire Software in the fourth quarter valued at approximately $27,000. Transcendent Capital Group LLC acquired a new position in Guidewire Software in the fourth quarter worth $27,000. ORG Partners LLC bought a new stake in shares of Guidewire Software during the first quarter worth $29,000. Lindbrook Capital LLC grew its holdings in shares of Guidewire Software by 45.7% during the fourth quarter. Lindbrook Capital LLC now owns 421 shares of the technology company’s stock worth $46,000 after purchasing an additional 132 shares during the last quarter. Finally, GAMMA Investing LLC bought a new position in shares of Guidewire Software in the fourth quarter valued at about $56,000.

Guidewire Software Company Profile

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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.

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