Guidewire Software, Inc. (NYSE:GWRE) CEO Sells $285,110.00 in Stock

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum sold 1,400 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $203.65, for a total transaction of $285,110.00. Following the sale, the chief executive officer now owns 271,930 shares of the company’s stock, valued at approximately $55,378,544.50. This represents a 0.51 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Michael George Rosenbaum also recently made the following trade(s):

• On Tuesday, February 18th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $212.42, for a total transaction of $297,388.00.
• On Monday, February 10th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $214.68, for a total value of $300,552.00.
• On Monday, February 3rd, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $208.42, for a total value of $291,788.00.
• On Monday, January 27th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $201.90, for a total value of $282,660.00.
• On Tuesday, January 21st, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $179.91, for a total transaction of $251,874.00.
• On Wednesday, January 15th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $174.78, for a total transaction of $244,692.00.
• On Tuesday, December 17th, Michael George Rosenbaum sold 5,932 shares of Guidewire Software stock. The shares were sold at an average price of $171.06, for a total value of $1,014,727.92.

Guidewire Software Trading Down 1.1 %

Shares of NYSE:GWRE traded down $2.18 during midday trading on Tuesday, hitting $199.60. 847,617 shares of the stock were exchanged, compared to its average volume of 1,332,513. The business’s 50-day moving average price is $190.96 and its 200 day moving average price is $182.10. Guidewire Software, Inc. has a 12 month low of $107.00 and a 12 month high of $219.59. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66. The stock has a market capitalization of $16.67 billion, a price-to-earnings ratio of 554.43, a P/E/G ratio of 37.21 and a beta of 1.25.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. The Goldman Sachs Group lifted their price objective on Guidewire Software from $210.00 to $240.00 and gave the company a “buy” rating in a report on Monday, February 10th. Stifel Nicolaus upped their price objective on shares of Guidewire Software from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. DA Davidson reissued a “buy” rating and issued a $210.00 target price on shares of Guidewire Software in a report on Wednesday, December 4th. JPMorgan Chase & Co. upped their price target on shares of Guidewire Software from $210.00 to $228.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Finally, JMP Securities restated a “market outperform” rating and set a $231.00 target price on shares of Guidewire Software in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $204.50.

Institutional Investors Weigh In On Guidewire Software

Hedge funds have recently added to or reduced their stakes in the business. Mackenzie Financial Corp bought a new stake in shares of Guidewire Software in the fourth quarter worth $11,827,000. Forum Financial Management LP grew its position in shares of Guidewire Software by 31.6% in the 4th quarter. Forum Financial Management LP now owns 1,455 shares of the technology company’s stock valued at $245,000 after buying an additional 349 shares during the last quarter. Parr Mcknight Wealth Management Group LLC acquired a new stake in shares of Guidewire Software in the fourth quarter valued at about $1,172,000. Public Employees Retirement System of Ohio raised its position in shares of Guidewire Software by 25.1% during the fourth quarter. Public Employees Retirement System of Ohio now owns 40,121 shares of the technology company’s stock worth $6,764,000 after acquiring an additional 8,062 shares during the last quarter. Finally, Vise Technologies Inc. lifted its stake in shares of Guidewire Software by 160.9% in the fourth quarter. Vise Technologies Inc. now owns 2,909 shares of the technology company’s stock worth $490,000 after acquiring an additional 1,794 shares during the period.

Guidewire Software Company Profile

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.