Guidewire Software, Inc. (NYSE:GWRE) CEO Sells $282,660.00 in Stock

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $201.90, for a total transaction of $282,660.00. Following the completion of the sale, the chief executive officer now directly owns 277,530 shares in the company, valued at approximately $56,033,307. The trade was a 0.50 % decrease in their ownership of the stock. The sale 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 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 transaction 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 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 Up 2.1 %

GWRE traded up $4.28 on Tuesday, reaching $207.08. 1,280,736 shares of the company’s stock were exchanged, compared to its average volume of 1,792,367. Guidewire Software, Inc. has a twelve month low of $107.00 and a twelve month high of $212.00. The company’s 50 day moving average is $182.77 and its 200-day moving average is $172.45. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66. The company has a market cap of $17.30 billion, a price-to-earnings ratio of 575.22, a PEG ratio of 47.71 and a beta of 1.23.

Analysts Set New Price Targets

A number of analysts recently commented on GWRE shares. Robert W. Baird lifted their price objective on Guidewire Software from $204.00 to $220.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. 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 report on Tuesday, November 19th. The Goldman Sachs Group assumed coverage on shares of Guidewire Software in a research report on Thursday, January 23rd. They issued a “buy” rating and a $210.00 price objective for the company. Royal Bank of Canada raised their target price on shares of Guidewire Software from $215.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Finally, JPMorgan Chase & Co. boosted their price target on Guidewire Software from $210.00 to $228.00 and gave the company an “overweight” rating in a report on Friday, December 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $196.08.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of GWRE. Atomi Financial Group Inc. raised its holdings in shares of Guidewire Software by 22.2% during the 4th quarter. Atomi Financial Group Inc. now owns 2,688 shares of the technology company’s stock valued at $453,000 after buying an additional 488 shares during the period. Donoghue Forlines LLC acquired a new stake in Guidewire Software in the fourth quarter valued at approximately $2,110,000. Icon Wealth Advisors LLC raised its stake in shares of Guidewire Software by 72.4% during the third quarter. Icon Wealth Advisors LLC now owns 5,984 shares of the technology company’s stock valued at $1,095,000 after purchasing an additional 2,512 shares during the period. Whale Rock Capital Management LLC raised its stake in shares of Guidewire Software by 3.3% during the third quarter. Whale Rock Capital Management LLC now owns 972,743 shares of the technology company’s stock valued at $177,954,000 after purchasing an additional 31,512 shares during the period. Finally, Cerity Partners LLC lifted its position in shares of Guidewire Software by 326.8% during the third quarter. Cerity Partners LLC now owns 21,799 shares of the technology company’s stock worth $3,988,000 after purchasing an additional 16,692 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.