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

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $208.42, for a total value of $291,788.00. Following the completion of the sale, the chief executive officer now directly owns 276,130 shares of the company’s stock, valued at approximately $57,551,014.60. The trade was a 0.50 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

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 value 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 transaction of $1,014,727.92.

Guidewire Software Trading Up 2.1 %

Guidewire Software stock opened at $217.15 on Wednesday. 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 $218.01. The firm has a market capitalization of $18.14 billion, a price-to-earnings ratio of 603.19, a P/E/G ratio of 54.93 and a beta of 1.25. The firm has a 50 day moving average of $184.05 and a 200 day moving average of $175.43.

Institutional Trading of Guidewire Software

Hedge funds and other institutional investors have recently modified their holdings of the company. Versant Capital Management Inc purchased a new position in shares of Guidewire Software during the 4th quarter valued at $25,000. Assetmark Inc. lifted its position in shares of Guidewire Software by 537.0% in the third quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock valued at $31,000 after acquiring an additional 145 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in shares of Guidewire Software in the third quarter worth about $33,000. Brooklyn Investment Group purchased a new stake in shares of Guidewire Software during the third quarter worth about $42,000. Finally, R Squared Ltd bought a new stake in Guidewire Software during the 4th quarter valued at approximately $47,000.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on GWRE shares. Stifel Nicolaus raised their target price 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 Guidewire Software in a research note on Thursday, January 23rd. They issued a “buy” rating and a $210.00 price target on the stock. 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 research 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 report on Friday, December 6th. Finally, Royal Bank of Canada upped their price target on shares of Guidewire Software from $215.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $202.00.

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.