Insider Selling: Guidewire Software, Inc. (NYSE:GWRE) CEO Sells $300,552.00 in Stock

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum sold 1,400 shares of the business’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $214.68, for a total transaction of $300,552.00. Following the transaction, the chief executive officer now owns 274,730 shares of the company’s stock, valued at approximately $58,979,036.40. The trade was a 0.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• 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 shares were sold at an average price of $201.90, for a total transaction 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 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 shares were sold at an average price of $171.06, for a total transaction of $1,014,727.92.

Guidewire Software Stock Up 0.6 %

Shares of NYSE:GWRE opened at $215.74 on Thursday. Guidewire Software, Inc. has a fifty-two week low of $107.00 and a fifty-two week high of $219.59. 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’s 50-day simple moving average is $185.62 and its 200-day simple moving average is $178.19. The company has a market cap of $18.02 billion, a price-to-earnings ratio of 599.28, a PEG ratio of 56.59 and a beta of 1.25.

Wall Street Analyst Weigh In

A number of research firms have recently commented on GWRE. The Goldman Sachs Group lifted their target price on Guidewire Software from $210.00 to $240.00 and gave the stock a “buy” rating in a research report on Monday. Stifel Nicolaus lifted their price target on Guidewire Software from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Royal Bank of Canada increased their price objective on Guidewire Software from $215.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, December 6th. JMP Securities reaffirmed a “market outperform” rating and issued a $231.00 target price on shares of Guidewire Software in a report on Friday, December 6th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Guidewire Software in a research report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $204.50.

Institutional Investors Weigh In On Guidewire Software

A number of institutional investors have recently added to or reduced their stakes in the business. Versant Capital Management Inc acquired a new stake in shares of Guidewire Software in the 4th quarter valued at approximately $25,000. Assetmark Inc. grew its stake in shares of Guidewire Software by 537.0% during the 3rd 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 position in shares of Guidewire Software in the 3rd quarter valued at about $33,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Guidewire Software by 101.0% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 197 shares of the technology company’s stock valued at $34,000 after purchasing an additional 99 shares in the last quarter. Finally, Cullen Frost Bankers Inc. acquired a new stake in shares of Guidewire Software in the fourth quarter valued at about $34,000.

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.