Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum Sells 1,400 Shares of Stock

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum sold 1,400 shares of the firm’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $201.90, for a total value of $282,660.00. Following the completion of the sale, the chief executive officer now directly owns 277,530 shares of the company’s stock, valued at $56,033,307. The trade was a 0.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• 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 Up 2.1 %

NYSE:GWRE opened at $207.08 on Wednesday. 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 cap of $17.30 billion, a PE ratio of 575.22, a price-to-earnings-growth ratio of 47.71 and a beta of 1.23. The company has a 50-day moving average of $182.99 and a 200 day moving average of $172.94. Guidewire Software, Inc. has a 1-year low of $107.00 and a 1-year high of $212.00.

Wall Street Analysts Forecast Growth

GWRE has been the topic of a number of recent analyst reports. DA Davidson reissued a “buy” rating and issued a $210.00 price objective on shares of Guidewire Software in a research report on Wednesday, December 4th. JPMorgan Chase & Co. increased their price target on Guidewire Software from $210.00 to $228.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Wells Fargo & Company raised their price target on Guidewire Software from $215.00 to $220.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Robert W. Baird upped their price objective on Guidewire Software from $204.00 to $220.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Finally, JMP Securities reiterated a “market outperform” rating and set a $231.00 target price 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 given a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $196.08.

Hedge Funds Weigh In On Guidewire Software

Hedge funds and other institutional investors have recently modified their holdings of the business. Empowered Funds LLC bought a new position in Guidewire Software in the fourth quarter worth approximately $6,655,000. Tobam bought a new position in shares of Guidewire Software in the 4th quarter worth $52,000. Bleakley Financial Group LLC lifted its stake in shares of Guidewire Software by 13.4% during the 4th quarter. Bleakley Financial Group LLC now owns 3,389 shares of the technology company’s stock worth $571,000 after purchasing an additional 400 shares during the last quarter. Trust Point Inc. boosted its position in Guidewire Software by 23.3% during the fourth quarter. Trust Point Inc. now owns 8,976 shares of the technology company’s stock valued at $1,513,000 after purchasing an additional 1,699 shares in the last quarter. Finally, GDS Wealth Management grew its stake in Guidewire Software by 618.5% in the fourth quarter. GDS Wealth Management now owns 18,752 shares of the technology company’s stock valued at $3,161,000 after purchasing an additional 16,142 shares during 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.