Guidewire Software (GWRE) – Analysts’ Recent Ratings Changes

Guidewire Software (NYSE: GWRE) has recently received a number of price target changes and ratings updates:

• 12/6/2024 – Guidewire Software had its price target raised by analysts at JPMorgan Chase & Co. from $210.00 to $228.00. They now have an “overweight” rating on the stock.
• 12/6/2024 – Guidewire Software had its price target raised by analysts at Wells Fargo & Company from $215.00 to $220.00. They now have an “overweight” rating on the stock.
• 12/6/2024 – Guidewire Software had its price target raised by analysts at Royal Bank of Canada from $215.00 to $230.00. They now have an “outperform” rating on the stock.
• 12/6/2024 – Guidewire Software had its price target raised by analysts at Oppenheimer Holdings Inc. from $220.00 to $230.00. They now have an “outperform” rating on the stock.
• 12/6/2024 – Guidewire Software had its “market outperform” rating reaffirmed by analysts at JMP Securities. They now have a $231.00 price target on the stock.
• 12/6/2024 – Guidewire Software had its “hold” rating reaffirmed by analysts at Needham & Company LLC.
• 12/4/2024 – Guidewire Software had its “buy” rating reaffirmed by analysts at DA Davidson. They now have a $210.00 price target on the stock.
• 11/25/2024 – Guidewire Software had its price target raised by analysts at JMP Securities from $200.00 to $231.00. They now have a “market outperform” rating on the stock.
• 11/19/2024 – Guidewire Software had its price target raised by analysts at Wells Fargo & Company from $205.00 to $215.00. They now have an “overweight” rating on the stock.
• 11/19/2024 – Guidewire Software had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $215.00 price target on the stock.
• 11/19/2024 – Guidewire Software had its price target raised by analysts at Oppenheimer Holdings Inc. from $200.00 to $220.00. They now have an “outperform” rating on the stock.
• 11/19/2024 – Guidewire Software had its price target raised by analysts at Robert W. Baird from $204.00 to $220.00. They now have an “outperform” rating on the stock.
• 11/19/2024 – Guidewire Software had its price target raised by analysts at Stifel Nicolaus from $200.00 to $220.00. They now have a “buy” rating on the stock.

Guidewire Software Price Performance

Shares of NYSE:GWRE traded down $1.34 on Monday, reaching $171.42. The company’s stock had a trading volume of 1,023,690 shares, compared to its average volume of 736,290. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 2.66. Guidewire Software, Inc. has a 52-week low of $100.00 and a 52-week high of $209.15. The company has a 50-day simple moving average of $190.61 and a 200 day simple moving average of $162.90. The company has a market cap of $14.32 billion, a P/E ratio of 476.17, a PEG ratio of 45.60 and a beta of 1.18.

Insider Buying and Selling

In other Guidewire Software news, President John P. Mullen sold 1,350 shares of the firm’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $187.68, for a total transaction of $253,368.00. Following the transaction, the president now owns 190,611 shares of the company’s stock, valued at approximately $35,773,872.48. This trade represents a 0.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Michael George Rosenbaum sold 23,379 shares of the business’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $172.16, for a total transaction of $4,024,928.64. Following the completion of the sale, the chief executive officer now owns 287,662 shares of the company’s stock, valued at approximately $49,523,889.92. This represents a 7.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 52,601 shares of company stock valued at $9,116,179 in the last ninety days. 0.48% of the stock is owned by company insiders.

Hedge Funds Weigh In On Guidewire Software

A number of large investors have recently made changes to their positions in GWRE. Rothschild Investment LLC acquired a new stake in Guidewire Software during the 2nd quarter worth about $31,000. Assetmark Inc. lifted its holdings in shares of Guidewire Software by 537.0% during the third quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock worth $31,000 after purchasing an additional 145 shares during the period. Point72 Hong Kong Ltd purchased a new stake in Guidewire Software in the third quarter valued at approximately $33,000. DT Investment Partners LLC acquired a new position in Guidewire Software in the 2nd quarter worth approximately $41,000. Finally, Brooklyn Investment Group purchased a new position in Guidewire Software during the 3rd quarter worth approximately $42,000.

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.