Guidewire Software, Inc. (NYSE:GWRE – Get Free Report) CEO Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock in a transaction on Monday, August 31st. The stock was sold at an average price of $204.44, for a total transaction of $245,328.00. Following the sale, the chief executive officer directly owned 186,576 shares of the company’s stock, valued at approximately $38,143,597.44. This trade represents a 0.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Michael George Rosenbaum also recently made the following trade(s):
- On Monday, August 24th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $187.82, for a total value of $225,384.00.
- On Monday, August 17th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $172.88, for a total value of $207,456.00.
- On Monday, August 10th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $169.50, for a total value of $203,400.00.
- On Monday, August 3rd, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $155.92, for a total value of $187,104.00.
- On Monday, July 27th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $142.31, for a total value of $170,772.00.
- On Monday, July 13th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $138.47, for a total value of $166,164.00.
- On Monday, July 6th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $131.63, for a total value of $157,956.00.
- On Monday, June 22nd, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $105.67, for a total value of $126,804.00.
- On Tuesday, June 16th, Michael George Rosenbaum sold 5,830 shares of Guidewire Software stock. The shares were sold at an average price of $118.74, for a total value of $692,254.20.
- On Monday, June 15th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $123.85, for a total value of $148,620.00.
Guidewire Software Stock Performance
Shares of Guidewire Software stock opened at $192.33 on Thursday. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.51. Guidewire Software, Inc. has a 52 week low of $102.30 and a 52 week high of $272.60. The firm’s 50 day moving average is $158.37 and its two-hundred day moving average is $145.73. The firm has a market capitalization of $16.01 billion, a P/E ratio of 103.96 and a beta of 0.97.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on the stock. Guggenheim boosted their price target on shares of Guidewire Software from $180.00 to $210.00 and gave the company a “buy” rating in a research report on Thursday, August 27th. Piper Sandler began coverage on Guidewire Software in a research report on Monday, August 10th. They set an “overweight” rating and a $210.00 target price on the stock. Zacks Research downgraded Guidewire Software from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. BTIG Research upped their target price on Guidewire Software from $175.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Guidewire Software in a research note on Monday. Thirteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $223.93.
Check Out Our Latest Analysis on Guidewire Software
Institutional Trading of Guidewire Software
Several hedge funds have recently made changes to their positions in GWRE. California State Teachers Retirement System boosted its holdings in shares of Guidewire Software by 11,874.0% in the second quarter. California State Teachers Retirement System now owns 11,757,428 shares of the technology company’s stock valued at $1,446,752,000 after acquiring an additional 11,659,237 shares in the last quarter. Bamco Inc. NY acquired a new position in Guidewire Software in the 2nd quarter valued at about $1,106,768,000. Linonia Partnership LP purchased a new position in Guidewire Software in the 2nd quarter valued at about $853,165,000. Route One Investment Company L.P. purchased a new position in Guidewire Software in the 2nd quarter valued at about $227,564,000. Finally, Geode Capital Management LLC boosted its stake in shares of Guidewire Software by 8.9% during the 4th quarter. Geode Capital Management LLC now owns 1,778,201 shares of the technology company’s stock worth $357,504,000 after purchasing an additional 145,924 shares during the last quarter.
About Guidewire Software
Guidewire Software, Inc develops software products and cloud services for property and casualty (P&C) insurance carriers. Headquartered in San Mateo, California, the company’s offerings are designed to help insurers manage the core functions of their business—policy administration, billing and claims—while supporting digital engagement, analytics and operational modernization.
Guidewire’s core product portfolio is commonly known as the InsuranceSuite, which includes PolicyCenter for policy administration, BillingCenter for billing and receivables, and ClaimCenter for claims management.
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