Insider Selling: Guidewire Software, Inc. (NYSE:GWRE) CEO Sells 1,400 Shares of Stock

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $208.42, for a total transaction of $291,788.00. Following the sale, the chief executive officer now directly owns 276,130 shares in the company, valued at approximately $57,551,014.60. This represents a 0.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 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 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 value of $1,014,727.92.

Guidewire Software Stock Down 0.4 %

Shares of Guidewire Software stock opened at $217.41 on Friday. The company has a market capitalization of $18.16 billion, a P/E ratio of 603.90, a price-to-earnings-growth 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. The business has a 50-day moving average of $184.68 and a two-hundred day moving average of $176.02. Guidewire Software, Inc. has a 1 year low of $107.00 and a 1 year high of $219.49.

Institutional Trading of Guidewire Software

A number of large investors have recently bought and sold shares of GWRE. Massachusetts Financial Services Co. MA boosted its holdings in shares of Guidewire Software by 24.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,426,907 shares of the technology company’s stock valued at $626,918,000 after buying an additional 679,558 shares during the period. Geode Capital Management LLC lifted its position in Guidewire Software by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,330,074 shares of the technology company’s stock valued at $243,580,000 after acquiring an additional 6,223 shares in the last quarter. Whale Rock Capital Management LLC lifted its position in Guidewire Software by 3.3% in the 3rd quarter. Whale Rock Capital Management LLC now owns 972,743 shares of the technology company’s stock valued at $177,954,000 after acquiring an additional 31,512 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in Guidewire Software by 7.6% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 764,400 shares of the technology company’s stock worth $139,839,000 after purchasing an additional 53,967 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in Guidewire Software by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 522,586 shares of the technology company’s stock worth $88,098,000 after purchasing an additional 4,386 shares in the last quarter.

Analyst Ratings Changes

Several analysts have weighed in on GWRE shares. JMP Securities reissued a “market outperform” rating and set a $231.00 price objective on shares of Guidewire Software in a report on Friday, December 6th. Robert W. Baird boosted their price target on shares of Guidewire Software from $204.00 to $220.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. JPMorgan Chase & Co. raised their price objective on shares of Guidewire Software from $210.00 to $228.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Royal Bank of Canada upped their target price on shares of Guidewire Software from $215.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Finally, Oppenheimer raised their price target on Guidewire Software from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $202.00.

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.