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 dated Tuesday, February 18th. The shares were sold at an average price of $212.42, for a total value of $297,388.00. Following the sale, the chief executive officer now owns 273,330 shares in the company, valued at approximately $58,060,758.60. The trade was a 0.51 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

Guidewire Software Price Performance

Guidewire Software stock opened at $203.83 on Friday. Guidewire Software, Inc. has a one year low of $107.00 and a one year high of $219.59. The business has a fifty day moving average price of $190.36 and a 200-day moving average price of $181.13. 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 firm has a market capitalization of $17.02 billion, a P/E ratio of 566.19, a PEG ratio of 37.83 and a beta of 1.25.

Institutional Investors Weigh In On Guidewire Software

Several large investors have recently added to or reduced their stakes in GWRE. Massachusetts Financial Services Co. MA boosted its stake in Guidewire Software by 29.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,436,873 shares of the technology company’s stock valued at $747,968,000 after buying an additional 1,009,966 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in Guidewire Software by 79.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 946,158 shares of the technology company’s stock valued at $159,503,000 after buying an additional 418,642 shares during the period. Janus Henderson Group PLC boosted its stake in Guidewire Software by 242.2% during the fourth quarter. Janus Henderson Group PLC now owns 555,892 shares of the technology company’s stock valued at $93,683,000 after buying an additional 393,445 shares during the period. Rathbones Group PLC purchased a new stake in Guidewire Software during the fourth quarter valued at about $58,118,000. Finally, Balyasny Asset Management L.P. raised its position in Guidewire Software by 877.7% during the fourth quarter. Balyasny Asset Management L.P. now owns 367,445 shares of the technology company’s stock valued at $61,944,000 after purchasing an additional 329,863 shares in the last quarter.

Analyst Upgrades and Downgrades

Several analysts have recently commented on GWRE shares. JMP Securities reissued a “market outperform” rating and issued a $231.00 price objective on shares of Guidewire Software in a research note on Friday, December 6th. Oppenheimer increased their price objective on Guidewire Software from $220.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Royal Bank of Canada increased their price objective on Guidewire Software from $215.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. The Goldman Sachs Group increased their price target on Guidewire Software from $210.00 to $240.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a research report on Friday, December 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $204.50.

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.