Guidewire Software, Inc. (NYSE:GWRE) CEO Sells $285,110.00 in Stock

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum sold 1,400 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $203.65, for a total transaction of $285,110.00. Following the transaction, the chief executive officer now directly owns 271,930 shares of the company’s stock, valued at approximately $55,378,544.50. This trade represents a 0.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Tuesday, February 18th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $212.42, for a total transaction of $297,388.00.
• 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 transaction 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 transaction 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 transaction of $282,660.00.
• 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 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 transaction 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 transaction of $1,014,727.92.

Guidewire Software Trading Down 1.1 %

Shares of NYSE GWRE opened at $199.60 on Wednesday. The firm’s 50 day moving average price is $191.51 and its 200-day moving average price is $182.47. The company has a market cap of $16.67 billion, a PE ratio of 554.43, a P/E/G ratio of 37.21 and a beta of 1.25. Guidewire Software, Inc. has a 52-week low of $107.00 and a 52-week 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.

Analysts Set New Price Targets

Several equities analysts recently issued reports on GWRE shares. Needham & Company LLC reiterated a “hold” rating on shares of Guidewire Software in a research report on Friday, December 6th. DA Davidson reiterated a “buy” rating and set a $210.00 price target on shares of Guidewire Software in a research report on Wednesday, December 4th. JPMorgan Chase & Co. boosted their price target on shares of Guidewire Software from $210.00 to $228.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Wells Fargo & Company boosted their price target on shares of Guidewire Software from $215.00 to $220.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Finally, The Goldman Sachs Group upped their price objective on shares of Guidewire Software from $210.00 to $240.00 and gave the stock a “buy” rating in a report on Monday, February 10th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $204.50.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in GWRE. Versant Capital Management Inc bought a new position in shares of Guidewire Software in the fourth quarter worth approximately $25,000. Ossiam bought a new position in shares of Guidewire Software in the fourth quarter worth approximately $29,000. Assetmark Inc. lifted its stake in shares of Guidewire Software by 537.0% in the third quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock worth $31,000 after buying an additional 145 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in shares of Guidewire Software in the third quarter worth approximately $33,000. Finally, Cullen Frost Bankers Inc. bought a new position in Guidewire Software during the fourth quarter valued at approximately $34,000.

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.