Insider Selling: Guidewire Software, Inc. (NYSE:GWRE) CEO Sells $251,874.00 in Stock

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $179.91, for a total value of $251,874.00. Following the sale, the chief executive officer now owns 278,930 shares in the company, valued at $50,182,296.30. The trade was a 0.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• 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 stock was sold at an average price of $171.06, for a total value of $1,014,727.92.

Guidewire Software Price Performance

Shares of NYSE:GWRE opened at $206.30 on Friday. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53. Guidewire Software, Inc. has a 1 year low of $107.00 and a 1 year high of $212.00. The business has a fifty day simple moving average of $182.34 and a 200 day simple moving average of $171.07. The firm has a market cap of $17.23 billion, a price-to-earnings ratio of 573.06, a P/E/G ratio of 47.19 and a beta of 1.23.

Analyst Upgrades and Downgrades

GWRE has been the subject of a number of recent analyst reports. Stifel Nicolaus increased their price objective on Guidewire Software from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Oppenheimer increased their price objective on Guidewire Software from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Wells Fargo & Company increased their price objective on Guidewire Software from $215.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. JPMorgan Chase & Co. increased their price objective on Guidewire Software from $210.00 to $228.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Guidewire Software in a 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 assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $196.08.

Hedge Funds Weigh In On Guidewire Software

Hedge funds have recently bought and sold shares of the business. Versant Capital Management Inc acquired a new position in Guidewire Software during the fourth quarter worth $25,000. Assetmark Inc. increased its position in Guidewire Software by 537.0% during the third quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock worth $31,000 after buying an additional 145 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in Guidewire Software during the third quarter worth $33,000. Brooklyn Investment Group acquired a new position in Guidewire Software during the third quarter worth $42,000. Finally, R Squared Ltd acquired a new position in Guidewire Software during the fourth quarter worth $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.