Insider Selling: Guidewire Software, Inc. (NYSE:GWRE) CEO Sells 1,400 Shares of Stock

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum sold 1,400 shares of the business’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $179.91, for a total value of $251,874.00. Following the completion of the sale, the chief executive officer now directly owns 278,930 shares of the company’s stock, valued at approximately $50,182,296.30. This trade represents a 0.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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 shares were 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 transaction of $1,014,727.92.

Guidewire Software Stock Performance

Shares of GWRE stock opened at $181.54 on Wednesday. The company’s fifty day moving average price is $182.37 and its 200-day moving average price is $170.73. The stock has a market cap of $15.16 billion, a PE ratio of 504.27, a price-to-earnings-growth ratio of 46.43 and a beta of 1.23. 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 12 month low of $107.00 and a 12 month high of $209.15.

Institutional Investors Weigh In On Guidewire Software

Several hedge funds have recently bought and sold shares of GWRE. Versant Capital Management Inc bought a new position in shares of Guidewire Software during the fourth quarter valued at approximately $25,000. Assetmark Inc. increased its position in Guidewire Software by 537.0% during the 3rd quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock valued at $31,000 after buying an additional 145 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in Guidewire Software during the 3rd quarter valued at approximately $33,000. Brooklyn Investment Group purchased a new position in Guidewire Software during the third quarter valued at $42,000. Finally, Canada Pension Plan Investment Board bought a new stake in Guidewire Software in the second quarter worth $55,000.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on GWRE shares. Wells Fargo & Company raised their price target on shares of Guidewire Software from $215.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Oppenheimer raised their target price on Guidewire Software from $220.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a research report on Friday, December 6th. Stifel Nicolaus lifted their price objective on Guidewire Software from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Finally, JPMorgan Chase & Co. upped their target price on Guidewire Software from $210.00 to $228.00 and gave the company an “overweight” rating in a report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Guidewire Software presently has a consensus rating of “Moderate Buy” and a consensus target price of $193.00.

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.