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 Guidewire Software stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $201.90, for a total value of $282,660.00. Following the sale, the chief executive officer now directly owns 277,530 shares in the company, valued at approximately $56,033,307. The trade was a 0.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• 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 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 shares were sold at an average price of $171.06, for a total transaction of $1,014,727.92.

Guidewire Software Stock Performance

Shares of GWRE stock opened at $211.37 on Friday. The firm has a market capitalization of $17.65 billion, a PE ratio of 587.13, a P/E/G ratio of 47.71 and a beta of 1.23. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53. The company has a 50 day moving average price of $183.42 and a 200-day moving average price of $173.45. Guidewire Software, Inc. has a 52 week low of $107.00 and a 52 week high of $212.25.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Needham & Company LLC reissued a “hold” rating on shares of Guidewire Software in a research report on Friday, December 6th. Royal Bank of Canada boosted their price target on Guidewire Software from $215.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Robert W. Baird lifted their price objective on Guidewire Software from $204.00 to $220.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. JPMorgan Chase & Co. increased their target price on Guidewire Software from $210.00 to $228.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Finally, Oppenheimer lifted their price target on Guidewire Software from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $196.08.

Hedge Funds Weigh In On Guidewire Software

Institutional investors have recently bought and sold shares of the stock. Versant Capital Management Inc purchased a new position in shares of Guidewire Software in the fourth quarter valued at about $25,000. Assetmark Inc. grew its stake in Guidewire Software by 537.0% during the third quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock valued at $31,000 after acquiring an additional 145 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in Guidewire Software in the 3rd quarter valued at $33,000. Brooklyn Investment Group purchased a new stake in Guidewire Software in the 3rd quarter worth $42,000. Finally, R Squared Ltd bought a new position in shares of Guidewire Software during the 4th quarter valued at about $47,000.

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.