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 Monday, February 3rd. The stock was sold at an average price of $208.42, for a total value of $291,788.00. Following the transaction, the chief executive officer now directly owns 276,130 shares of the company’s stock, valued at $57,551,014.60. This represents a 0.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Monday, January 27th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were 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 shares were sold at an average price of $174.78, for a total transaction 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 Up 2.1 %

Shares of NYSE:GWRE traded up $4.47 during midday trading on Tuesday, reaching $217.15. 940,885 shares of the company were exchanged, compared to its average volume of 1,624,440. The firm has a market cap of $18.14 billion, a PE ratio of 603.19, a P/E/G ratio of 54.93 and a beta of 1.25. Guidewire Software, Inc. has a fifty-two week low of $107.00 and a fifty-two week high of $218.01. The stock has a fifty day simple moving average of $184.05 and a two-hundred day simple moving average of $175.43. 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 Upgrades and Downgrades

A number of research analysts have recently issued reports on GWRE shares. Robert W. Baird lifted their target price 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. JMP Securities reiterated a “market outperform” rating and set a $231.00 price target on shares of Guidewire Software in a research report on Friday, December 6th. Stifel Nicolaus upped their price objective on Guidewire Software from $200.00 to $220.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Wells Fargo & Company raised their target price on Guidewire Software from $215.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a research note on Friday, December 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Guidewire Software currently has an average rating of “Moderate Buy” and an average price target of $202.00.

Institutional Trading of Guidewire Software

Hedge funds and other institutional investors have recently modified their holdings of the company. Versant Capital Management Inc acquired a new position in shares of Guidewire Software during the fourth quarter worth about $25,000. Assetmark Inc. boosted its position in Guidewire Software by 537.0% during the 3rd quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock worth $31,000 after acquiring an additional 145 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in Guidewire Software during the 3rd quarter worth approximately $33,000. Brooklyn Investment Group bought a new position in shares of Guidewire Software during the 3rd quarter worth approximately $42,000. Finally, R Squared Ltd acquired a new stake in shares of Guidewire Software in the fourth quarter valued at approximately $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.