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 firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $212.42, for a total value of $297,388.00. Following the completion of the sale, the chief executive officer now directly owns 273,330 shares in the company, valued at approximately $58,060,758.60. This represents a 0.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at 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 shares were 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 shares were 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 shares were 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 Stock Down 2.2 %

Shares of GWRE traded down $4.74 on Thursday, hitting $208.55. 464,265 shares of the stock traded hands, compared to its average volume of 1,356,150. Guidewire Software, Inc. has a one year low of $107.00 and a one year high of $219.59. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66. The business has a 50 day simple moving average of $189.01 and a 200 day simple moving average of $180.49. The company has a market capitalization of $17.42 billion, a PE ratio of 579.30, a P/E/G ratio of 38.20 and a beta of 1.25.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of GWRE. Versant Capital Management Inc purchased a new position in shares of Guidewire Software during the 4th quarter valued at $25,000. Ossiam bought a new stake in Guidewire Software in the 4th quarter valued at $29,000. Assetmark Inc. increased its holdings in 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. Point72 Hong Kong Ltd bought a new stake in shares of Guidewire Software in the 3rd quarter worth about $33,000. Finally, Cullen Frost Bankers Inc. bought a new stake in shares of Guidewire Software in the 4th quarter worth about $34,000.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on GWRE shares. JPMorgan Chase & Co. boosted their target price on Guidewire Software from $210.00 to $228.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Oppenheimer boosted 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. Stifel Nicolaus boosted their target price on Guidewire Software from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. The Goldman Sachs Group boosted their target price on Guidewire Software from $210.00 to $240.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $231.00 price objective on shares of Guidewire Software in a research note on Friday, December 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus 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.