Guidewire Software, Inc. (NYSE:GWRE) CEO Sells $282,660.00 in Stock

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $201.90, for a total transaction of $282,660.00. Following the sale, the chief executive officer now directly owns 277,530 shares in the company, valued at $56,033,307. This represents a 0.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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

• 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 shares were 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 stock was sold at an average price of $171.06, for a total value of $1,014,727.92.

Guidewire Software Stock Performance

NYSE:GWRE traded up $4.28 during trading hours on Tuesday, reaching $207.08. 1,280,736 shares of the company’s stock were exchanged, compared to its average volume of 1,792,367. Guidewire Software, Inc. has a 1-year low of $107.00 and a 1-year high of $212.00. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $17.30 billion, a price-to-earnings ratio of 575.22, a P/E/G ratio of 47.71 and a beta of 1.23. The company has a 50-day moving average of $182.77 and a 200 day moving average of $172.45.

Analysts Set New Price Targets

Several research analysts recently commented on GWRE shares. Wells Fargo & Company boosted their target price on Guidewire Software from $215.00 to $220.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Royal Bank of Canada boosted their price objective on Guidewire Software from $215.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. DA Davidson reaffirmed a “buy” rating and issued a $210.00 target price on shares of Guidewire Software in a report on Wednesday, December 4th. JMP Securities reiterated a “market outperform” rating and set a $231.00 price target on shares of Guidewire Software in a report on Friday, December 6th. Finally, Oppenheimer raised their price objective on shares of Guidewire Software from $220.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, December 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Guidewire Software currently has a consensus rating of “Moderate Buy” and an average price target of $196.08.

Institutional Trading of Guidewire Software

Several institutional investors and hedge funds have recently added to or reduced their stakes in GWRE. Hanseatic Management Services Inc. increased its holdings in shares of Guidewire Software by 12.1% in the fourth quarter. Hanseatic Management Services Inc. now owns 539 shares of the technology company’s stock valued at $91,000 after purchasing an additional 58 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in Guidewire Software by 21.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 345 shares of the technology company’s stock valued at $63,000 after buying an additional 60 shares during the last quarter. CIBC Asset Management Inc increased its stake in Guidewire Software by 3.7% in the 3rd quarter. CIBC Asset Management Inc now owns 2,451 shares of the technology company’s stock valued at $448,000 after buying an additional 87 shares during the period. Signaturefd LLC raised its position in Guidewire Software by 2.4% during the 3rd quarter. Signaturefd LLC now owns 6,051 shares of the technology company’s stock worth $1,107,000 after buying an additional 139 shares during the last quarter. Finally, Assetmark Inc. lifted its stake in shares of Guidewire Software by 537.0% in the 3rd quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock worth $31,000 after acquiring an additional 145 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.