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 on Monday, February 24th. The stock was sold at an average price of $203.65, for a total transaction of $285,110.00. Following the sale, the chief executive officer now directly owns 271,930 shares in the company, valued at approximately $55,378,544.50. This trade represents a 0.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 value of $282,660.00.
• 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 stock was sold at an average price of $171.06, for a total value of $1,014,727.92.

Guidewire Software Trading Down 1.0 %

GWRE opened at $198.67 on Friday. Guidewire Software, Inc. has a 52 week low of $107.00 and a 52 week high of $219.59. 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 business has a fifty day simple moving average of $192.56 and a 200-day simple moving average of $182.71. 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.

Analyst Upgrades and Downgrades

GWRE has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Guidewire Software from $210.00 to $228.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Oppenheimer increased their price target on shares of Guidewire Software from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. JMP Securities restated a “market outperform” rating and set a $231.00 price target on shares of Guidewire Software in a report on Friday, December 6th. Wells Fargo & Company upped their price objective on Guidewire Software from $215.00 to $220.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Guidewire Software in a research report on Friday, December 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $204.50.

Hedge Funds Weigh In On Guidewire Software

A number of hedge funds and other institutional investors have recently bought and sold shares of GWRE. Atomi Financial Group Inc. lifted its position in shares of Guidewire Software by 22.2% during the fourth quarter. Atomi Financial Group Inc. now owns 2,688 shares of the technology company’s stock worth $453,000 after purchasing an additional 488 shares in the last quarter. Donoghue Forlines LLC purchased a new stake in Guidewire Software during the 4th quarter worth approximately $2,110,000. Icon Wealth Advisors LLC lifted its holdings in Guidewire Software by 72.4% during the 3rd quarter. Icon Wealth Advisors LLC now owns 5,984 shares of the technology company’s stock worth $1,095,000 after buying an additional 2,512 shares in the last quarter. GDS Wealth Management lifted its holdings in Guidewire Software by 618.5% during the 4th quarter. GDS Wealth Management now owns 18,752 shares of the technology company’s stock worth $3,161,000 after buying an additional 16,142 shares in the last quarter. Finally, Whale Rock Capital Management LLC boosted its position in Guidewire Software by 3.3% in the 3rd quarter. Whale Rock Capital Management LLC now owns 972,743 shares of the technology company’s stock valued at $177,954,000 after buying an additional 31,512 shares during the period.

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.