Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum Sells 1,400 Shares

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $174.78, for a total transaction of $244,692.00. Following the sale, the chief executive officer now directly owns 280,330 shares of the company’s stock, valued at approximately $48,996,077.40. This trade represents a 0.50 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• 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 Up 1.5 %

GWRE traded up $2.63 during trading on Wednesday, hitting $174.60. The company had a trading volume of 678,675 shares, compared to its average volume of 781,808. Guidewire Software, Inc. has a 1-year low of $107.00 and a 1-year high of $209.15. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 1.55. The company has a market cap of $14.58 billion, a PE ratio of 485.00, a P/E/G ratio of 46.15 and a beta of 1.23. The business has a 50-day moving average of $183.96 and a 200-day moving average of $169.34.

Institutional Investors Weigh In On Guidewire Software

A number of institutional investors have recently modified their holdings of the stock. Versant Capital Management Inc acquired a new position in Guidewire Software in the fourth quarter worth about $25,000. Assetmark Inc. grew its position in shares of Guidewire Software by 537.0% in the 3rd quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock worth $31,000 after acquiring an additional 145 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of Guidewire Software in the 3rd quarter valued at approximately $33,000. Brooklyn Investment Group acquired a new stake in shares of Guidewire Software during the 3rd quarter valued at approximately $42,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in shares of Guidewire Software by 21.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 345 shares of the technology company’s stock valued at $63,000 after acquiring an additional 60 shares in the last quarter.

Wall Street Analysts Forecast Growth

GWRE has been the topic of a number of research reports. DA Davidson reissued a “buy” rating and issued a $210.00 target price on shares of Guidewire Software in a research note on Wednesday, December 4th. Oppenheimer raised their price objective on Guidewire Software from $220.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Wells Fargo & Company upped their target price on Guidewire Software from $215.00 to $220.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Royal Bank of Canada raised their target price on Guidewire Software from $215.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Finally, Stifel Nicolaus upped their price target on Guidewire Software from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $193.00.

About Guidewire Software

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.