Guidewire Software, Inc. (NYSE:GWRE) CEO Sells $297,388.00 in Stock

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $212.42, for a total transaction of $297,388.00. Following the sale, the chief executive officer now directly owns 273,330 shares of the company’s stock, valued at $58,060,758.60. The trade was a 0.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Monday, February 10th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $214.68, for a total transaction 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 shares were 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 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 transaction of $1,014,727.92.

Guidewire Software Stock Performance

Guidewire Software stock opened at $203.83 on Friday. 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 stock has a market cap of $17.02 billion, a PE ratio of 566.19, a P/E/G ratio of 37.21 and a beta of 1.25. Guidewire Software, Inc. has a 12-month low of $107.00 and a 12-month high of $219.59. The business’s 50-day moving average price is $190.36 and its two-hundred day moving average price is $181.41.

Analyst Ratings Changes

A number of analysts have issued reports on GWRE shares. Wells Fargo & Company boosted their price objective on shares of Guidewire Software from $215.00 to $220.00 and gave the company an “overweight” rating in a report on Friday, December 6th. DA Davidson reiterated a “buy” rating and issued a $210.00 price target on shares of Guidewire Software in a research note on Wednesday, December 4th. The Goldman Sachs Group raised their price objective on Guidewire Software from $210.00 to $240.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Oppenheimer upped their target price on Guidewire Software from $220.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Finally, 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 report on Friday, December 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Guidewire Software presently has an average rating of “Moderate Buy” and an average target price of $204.50.

Institutional Investors Weigh In On Guidewire Software

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Versant Capital Management Inc bought a new position in Guidewire Software in the 4th quarter valued at approximately $25,000. 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 valued at $31,000 after acquiring an additional 145 shares during the last quarter. Ossiam acquired a new stake in shares of Guidewire Software during the 4th quarter valued at $29,000. Point72 Hong Kong Ltd bought a new stake in Guidewire Software during the 3rd quarter worth $33,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in 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 worth $34,000 after purchasing an additional 99 shares in 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.