Guidewire Software, Inc. (NYSE:GWRE – Get Free Report) CEO Michael George Rosenbaum sold 1,400 shares of the firm’s stock in a transaction on Monday, October 20th. The shares were sold at an average price of $245.70, for a total transaction of $343,980.00. Following the completion of the transaction, the chief executive officer directly owned 257,958 shares of the company’s stock, valued at approximately $63,380,280.60. The trade was a 0.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Michael George Rosenbaum also recently made the following trade(s):
- On Monday, October 13th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $239.71, for a total transaction of $335,594.00.
- On Monday, October 6th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $230.08, for a total value of $322,112.00.
- On Monday, September 29th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $232.25, for a total value of $325,150.00.
- On Monday, September 22nd, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $244.55, for a total value of $342,370.00.
- On Tuesday, September 16th, Michael George Rosenbaum sold 30,317 shares of Guidewire Software stock. The shares were sold at an average price of $242.87, for a total value of $7,363,089.79.
- On Monday, September 15th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $252.83, for a total value of $353,962.00.
- On Monday, September 8th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $261.28, for a total transaction of $365,792.00.
- On Tuesday, September 2nd, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $214.30, for a total transaction of $300,020.00.
- On Monday, August 25th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $214.70, for a total transaction of $300,580.00.
- On Monday, August 18th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $211.61, for a total transaction of $296,254.00.
Guidewire Software Price Performance
Shares of NYSE:GWRE opened at $253.86 on Wednesday. The company’s fifty day moving average price is $233.01 and its 200-day moving average price is $223.38. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.77 and a quick ratio of 2.77. The firm has a market capitalization of $21.46 billion, a price-to-earnings ratio of 317.33, a PEG ratio of 15.63 and a beta of 1.21. Guidewire Software, Inc. has a one year low of $165.08 and a one year high of $272.60.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on GWRE shares. The Goldman Sachs Group increased their price objective on Guidewire Software from $270.00 to $305.00 and gave the company a “buy” rating in a research report on Friday, September 5th. Oppenheimer increased their price target on shares of Guidewire Software from $275.00 to $300.00 and gave the company an “outperform” rating in a research report on Friday, September 5th. JPMorgan Chase & Co. lifted their price target on shares of Guidewire Software from $271.00 to $288.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 25th. Robert W. Baird upped their price objective on shares of Guidewire Software from $270.00 to $288.00 and gave the company an “outperform” rating in a research note on Friday, September 5th. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $275.00 target price (up previously from $255.00) on shares of Guidewire Software in a report on Friday, September 5th. Nine investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Guidewire Software currently has an average rating of “Moderate Buy” and an average target price of $274.08.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in GWRE. Empower Advisory Group LLC bought a new stake in Guidewire Software in the 1st quarter worth $692,000. Praxis Investment Management Inc. bought a new position in shares of Guidewire Software during the first quarter valued at about $347,000. Principal Financial Group Inc. boosted its holdings in shares of Guidewire Software by 3,320.4% during the first quarter. Principal Financial Group Inc. now owns 192,843 shares of the technology company’s stock worth $36,131,000 after purchasing an additional 187,205 shares during the period. OMNI 360 Wealth Inc. bought a new stake in shares of Guidewire Software in the first quarter worth about $211,000. Finally, International Assets Investment Management LLC purchased a new position in Guidewire Software during the 1st quarter valued at about $217,000.
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.
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