Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum Sells 1,400 Shares

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum sold 1,400 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $208.42, for a total transaction of $291,788.00. Following the completion of the sale, the chief executive officer now directly owns 276,130 shares of the company’s stock, valued at $57,551,014.60. This trade represents a 0.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Monday, January 27th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were 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 value 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 value 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 transaction of $1,014,727.92.

Guidewire Software Trading Up 2.1 %

NYSE:GWRE opened at $217.15 on Wednesday. Guidewire Software, Inc. has a one year low of $107.00 and a one year high of $218.01. The company’s 50-day simple moving average is $184.05 and its 200 day simple moving average is $175.43. The firm has a market capitalization of $18.14 billion, a P/E ratio of 603.19, a PEG ratio of 54.93 and a beta of 1.25. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on GWRE shares. Stifel Nicolaus upped their price objective on shares of Guidewire Software from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. JMP Securities reissued a “market outperform” rating and set a $231.00 target price on shares of Guidewire Software in a research note on Friday, December 6th. JPMorgan Chase & Co. raised their price target on Guidewire Software from $210.00 to $228.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. DA Davidson reissued a “buy” rating and set a $210.00 price objective on shares of Guidewire Software in a research report on Wednesday, December 4th. Finally, Robert W. Baird upped their price objective on shares of Guidewire Software from $204.00 to $220.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. One equities 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $202.00.

Institutional Trading of Guidewire Software

A number of hedge funds have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company raised its stake in Guidewire Software by 17.1% during the second quarter. The Manufacturers Life Insurance Company now owns 23,660 shares of the technology company’s stock valued at $3,262,000 after buying an additional 3,462 shares during the last quarter. Creative Planning increased its holdings in shares of Guidewire Software by 26.1% during the second quarter. Creative Planning now owns 13,211 shares of the technology company’s stock valued at $1,822,000 after acquiring an additional 2,731 shares in the last quarter. Cetera Investment Advisers raised its position in shares of Guidewire Software by 2.1% in the 2nd quarter. Cetera Investment Advisers now owns 18,489 shares of the technology company’s stock worth $2,549,000 after purchasing an additional 372 shares during the last quarter. Sanctuary Advisors LLC bought a new position in Guidewire Software in the 2nd quarter worth about $429,000. Finally, GAMMA Investing LLC grew its position in Guidewire Software by 21.8% during the 3rd quarter. GAMMA Investing LLC now owns 926 shares of the technology company’s stock valued at $169,000 after purchasing an additional 166 shares during the last quarter.

About Guidewire Software

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.