Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum Sells 5,932 Shares

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum sold 5,932 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total transaction of $1,014,727.92. Following the completion of the transaction, the chief executive officer now directly owns 281,730 shares of the company’s stock, valued at $48,192,733.80. This represents a 2.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Guidewire Software Stock Performance

NYSE GWRE traded up $2.03 during trading on Wednesday, reaching $174.52. The company’s stock had a trading volume of 2,391,480 shares, compared to its average volume of 747,338. The business’s fifty day moving average price is $189.99 and its 200-day moving average price is $163.80. Guidewire Software, Inc. has a twelve month low of $102.66 and a twelve month high of $209.15. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 2.66. The firm has a market cap of $14.58 billion, a price-to-earnings ratio of 484.78, a P/E/G ratio of 45.60 and a beta of 1.18.

Wall Street Analysts Forecast Growth

GWRE has been the topic of several analyst reports. DA Davidson reiterated a “buy” rating and issued a $210.00 price objective on shares of Guidewire Software in a research note on Wednesday, December 4th. JPMorgan Chase & Co. increased their price target on Guidewire Software from $210.00 to $228.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Citigroup lifted their price objective on Guidewire Software from $123.00 to $165.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a research note on Friday, December 6th. Finally, Royal Bank of Canada raised their price objective on shares of Guidewire Software from $215.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, December 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $193.00.

Hedge Funds Weigh In On Guidewire Software

Several institutional investors have recently added to or reduced their stakes in GWRE. Rothschild Investment LLC purchased a new position in shares of Guidewire Software in the 2nd quarter valued at approximately $31,000. Assetmark Inc. raised its stake in shares of Guidewire Software by 537.0% during the third quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock worth $31,000 after purchasing an additional 145 shares during the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of Guidewire Software during the third quarter worth $33,000. DT Investment Partners LLC purchased a new position in Guidewire Software in the 2nd quarter valued at $41,000. Finally, Brooklyn Investment Group acquired a new position in Guidewire Software in the 3rd quarter valued at $42,000.

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.