Guidewire Software, Inc. (NYSE:GWRE) CEO Sells $285,110.00 in Stock

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $203.65, for a total value of $285,110.00. Following the completion of the transaction, the chief executive officer now owns 271,930 shares of the company’s stock, valued at $55,378,544.50. The trade was a 0.51 % decrease in their position. 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 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 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 Stock Performance

NYSE GWRE opened at $198.67 on Friday. The firm has a market cap of $16.59 billion, a P/E ratio of 551.86, a P/E/G ratio of 37.21 and a beta of 1.25. Guidewire Software, Inc. has a 52-week low of $107.00 and a 52-week high of $219.59. The business’s 50-day moving average price is $192.56 and its 200 day moving average price is $182.71. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53.

Analyst Ratings Changes

Several brokerages have commented on GWRE. Needham & Company LLC reiterated a “hold” rating on shares of Guidewire Software in a research note on Friday, December 6th. Royal Bank of Canada increased their target price on shares of Guidewire Software from $215.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Stifel Nicolaus lifted their price target on shares of Guidewire Software from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Robert W. Baird upped their price objective on shares of Guidewire Software from $204.00 to $220.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Finally, JMP Securities reiterated a “market outperform” rating and set a $231.00 target price on shares of Guidewire Software in a research report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, Guidewire Software presently has an average rating of “Moderate Buy” and an average price target of $204.50.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Guidewire Software by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 8,455,534 shares of the technology company’s stock worth $1,425,434,000 after purchasing an additional 90,618 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of Guidewire Software by 29.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,436,873 shares of the technology company’s stock worth $747,968,000 after acquiring an additional 1,009,966 shares during the period. Stockbridge Partners LLC boosted its holdings in shares of Guidewire Software by 8.3% in the fourth quarter. Stockbridge Partners LLC now owns 2,678,857 shares of the technology company’s stock valued at $451,602,000 after acquiring an additional 205,382 shares in the last quarter. Artisan Partners Limited Partnership increased its stake in shares of Guidewire Software by 26.1% during the fourth quarter. Artisan Partners Limited Partnership now owns 1,407,778 shares of the technology company’s stock worth $237,323,000 after acquiring an additional 291,774 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Guidewire Software by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 1,342,771 shares of the technology company’s stock worth $226,701,000 after purchasing an additional 12,697 shares in the last quarter.

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.