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

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum sold 1,400 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $203.13, for a total value of $284,382.00. Following the completion of the transaction, the chief executive officer now directly owns 270,530 shares of the company’s stock, valued at approximately $54,952,758.90. This trade represents a 0.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, February 24th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $203.65, for a total value of $285,110.00.
• 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 stock was 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 stock was 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 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 shares were 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 2.5 %

NYSE:GWRE traded down $4.94 during mid-day trading on Monday, hitting $196.38. The company had a trading volume of 852,897 shares, compared to its average volume of 1,299,885. The business has a fifty day simple moving average of $193.07 and a 200-day simple moving average of $183.61. The firm has a market capitalization of $16.40 billion, a price-to-earnings ratio of 545.50, a PEG ratio of 37.21 and a beta of 1.25. Guidewire Software, Inc. has a 1 year low of $107.00 and a 1 year high of $219.59. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53.

Institutional Investors Weigh In On Guidewire Software

Several hedge funds have recently modified their holdings of the stock. Versant Capital Management Inc acquired a new stake in Guidewire Software in the fourth quarter valued at approximately $25,000. Ossiam purchased a new position in shares of Guidewire Software in the fourth quarter valued at $29,000. Assetmark Inc. grew its holdings in Guidewire Software by 537.0% during the 3rd quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock valued at $31,000 after purchasing an additional 145 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in Guidewire Software during the 3rd quarter worth $33,000. Finally, Cullen Frost Bankers Inc. purchased a new stake in Guidewire Software during the 4th quarter worth $34,000.

Analysts Set New Price Targets

A number of research firms have recently commented on GWRE. Oppenheimer upped their price objective on shares of Guidewire Software from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. JMP Securities reaffirmed a “market outperform” rating and set a $231.00 price target on shares of Guidewire Software in a research report on Friday, December 6th. Royal Bank of Canada lifted their price target 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. Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a report on Friday, December 6th. Finally, Stifel Nicolaus increased their target price on Guidewire Software from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Guidewire Software presently has an average rating of “Moderate Buy” and an average price target of $204.50.

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.